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PO Box 1212 Tampa, FL 33601 Pinellas Updated November 2024
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RETURN TO NEWS INDEX Foreclosures show more Tampa Bay home owners struggle with mortgage Tampa Bay area home owners are falling behind on their mortgages nearly twice as often as they did a year ago. According to a report from First American Core Logic, 6.7 percent of borrowers received foreclosure notices in March compared with 3.2 percent of home owners in March 2008. A larger number of homeowners were at least 90 days behind on their mortgages. The delinquency rate was 11.9 percent this year versus 6 percent last year. The 12-month running tally of foreclosure filings in Tampa Bay was 66,683. If there's any consolation, defaults are worse in the rest of Florida. The 90-day delinquency rate was 14 percent in March. The foreclosure rate was 7.7 percent. |
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