Sept. 09 (Source: By Toluse Olorunnipa, The Miami Herald) - South Florida’s foreclosure rate rose in June, compared to last year, although the number of people falling 90 days behind on their mortgages declined, according to a report released Thursday by real estate firm CoreLogic.The foreclosure rate in Miami-Dade County rose to 18.8 percent in June, up from 17.6 percent a year earlier. In Broward, 14.6 percent of mortgage loans were in foreclosure in June, compared to 13.4 percent in June 2010.
South Florida’s foreclosure rate remains much higher than the national rate of 3.5 percent.
In Miami-Dade, 25.6 percent of loans are more than 90 days overdue, down from 27.5 percent last year. In Broward, the 90-day delinquency rate dipped to 20.8 percent, from 22.3 percent last year.
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A service of YellowBrix, Inc. Publication date: 2011-09-09
Source: By Toluse Olorunnipa, The Miami Herald
