Housing
9:08 am
Fri December 21, 2012

S. Florida Leads In Foreclosure, Delinquency

FORECLOSED IN THE 305: The crisis is worst in South Florida.

The Miami-Fort Lauderdale-Pompano Beach metro area remains on the bleeding edge of the nation's still-critical foreclosure problem, according to new rankings from the Center for Housing Policy. It has, by far, the highest rate of  homes in foreclosure -- but the rest of the state is not far behind.

In the 13 metros with the highest percentages of homes in foreclosure, only one is not in Florida. It's number two.

Miami-Fort Lauderdale-Pompano Beach          17.8    

Vineland-Millville-Bridgeton, NJ                          16.6    

Port St. Lucie                                                   15.8    

Tampa-St. Petersburg-Clearwater                    15.6    

Palm Coast                                                       15.0    

Deltona-Daytona Beach-Ormond Beach           14.9    

Orlando-Kissimmee                                          14.9    

Lakeland-Winter Haven                                    14.8

Ocala                                                               14.5    

Punta Gorda                                                     14.1    

Bradenton-Sarasota-Venice                              13.8                

Palm Bay-Melbourne-Titusville             13.3    

Cape Coral-Fort Myers                                    13.2    

Miami-Fort Lauderdale-Pompano Beach also leads in the rate of mortgages that are at least 90 days overdue: 22.3 percent, more than one in five.

The figures for September were released as Florida Realtors were reporting significant gains in existing home sales in November, a trend that includes higher home prices and pending sales.