Florida leads the nation in foreclosures
One out of four Florida home mortgages is in foreclosure or delinquent.
The third quarter report from the Mortgage Bankers Association brings almost too much precision to the picture of the foreclosure crisis.
Nationwide, more than 4 million home mortgage borrowers are behind on their payments.
In Florida, we have 441,440 home loans in foreclosure and 422,036 that are delinquent.
The Florida foreclosure rate is the highest in the nation. And the combination of the foreclosure and delinquency rate is also the highest.
A total of 12.18 percent of home mortgages in Florida were delinquent and 12.74 were in foreclosure in the third quarter.
That's up from 10.8 percent delinquent and 11.96 percent in foreclosure in the second quarter.




Harriet Johnson Brackey, the personal finance columnist for the Sun Sentinel, is an award-winning business reporter. Her columns for 2008 were named "The Best in the Business," a national award chosen by her colleagues at the Society of American Business Editors and Writers.
Comments
What are the statistics for Broward?
Posted by: Marie | November 20, 2009 12:49 PM
In September, (the most recent number I have), 20.74 percent of loans in Broward were 90 days late and 12.51 percent were in foreclosure. Info comes from a different source, a smaller sample. But that's the best I can give ya.
Posted by: Harriet Johnson Brackey | November 20, 2009 1:00 PM
An event here Hollywood is specifically designed to help the public deal with financially related problems. FREE Consumer Empowerment Conference & Expo being held Saturday from 1-5 -open to the public. National non-profit organizations and local consumer attorneys are gathering at the Crowne Hotel at 4000 South Ocean Drive in Hollywood to respond to questions, share resources and knowledge about an array of financial issues including avoiding mortgage scams, foreclosure defense, illegal debt collection practices, predatory lending, identity theft, options to deal with high credit card interest rates, bankruptcy, and more. It's a FREE event designed to unite consumers with their advocates and experts.
For more information and attendees see http://www.givemebackmycredit.com
Posted by: Denise Richardson | November 21, 2009 7:14 AM
Hi, nice and informative post, thank you very much for putting the points in a plain and easy way. Once again thank you.
Posted by: Nikhel | November 23, 2009 5:52 AM
Wait till 2011,Ya better get out while the getting is no GOOD,It will drop another 40% By 2011 Trust ME.....Worthless DOLLAR,And WAY WAY overvalued BLOCK AND WOOD.....DUMP EM NOW
Posted by: DDS | November 23, 2009 8:37 AM