Florida has the second highest percentage of foreclosures and mortgage delinquencies in the country, despite a significant drop nationally from a year ago.
New Jersey leads with both and New York follows Florida, which had a foreclosure inventory percentage of 4.1 percent and a projected highest delinquency rate of 5.27, the New York Times reported.
The foreclosure inventory made up 1.6 percent of all mortgaged homes nationally. The national delinquency rate has fallen steadily since its peak in 2010 at nearly 7 percent, according to the Times.
About 17 percent of all homeowners are still upside down on their mortgages, according Zillow’s third-quarter negative equity report — down from 21 percent in the third quarter of 2013, and 31 percent in 2012. [New York Times] — Katherine Kallergis