Florida led the nation in foreclosure inventory during July and Orlando
had among the highest rate of the country's 25 largest core-based statistical
areas, a new report released Thursday shows.
Eight percent of the mortgaged houses in the four-county Orlando area were in foreclosure during June, a drop of 3.4 percent from a year ago, according to a report by real estate analytics firm CoreLogic. Florida had a similar foreclosure inventory and Tampa's inventory stood slightly higher, at 8.9 percent.
The Orlando area had 11,851 foreclosures during a 12-month period that ended in July and more bank repossessions of houses could be on the way with the area's 12.6 percent rate of mortgaged houses with owners who are "seriously delinquent" on payments. The area includes Orange, Seminole, Osceola and Lake counties.
Nationally, the foreclosure rate stood at 2.4 percent in July and the rate of seriously-delinquent houses was 5.4 percent.
Florida had the country's highest foreclosure inventory as a percentage of all mortgaged homes were: Florida, 8.1 percent; New Jersey, 5.9 percent; New York, 4.7 percent; Connecticut, 4.0 percent; and Maine, 4.0 percent.
The state also had the largest number of completed foreclosure for the 12 months that ended in July: Florida, 110,000; California, 65,000; Michigan, 61,000; Texas, 45,000; and Georgia, 41,000.
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