Bradenton-Sarasota foreclosure rate continues to fall

Bradenton-Sarasota foreclosure rate continues to fall

I do think over the course of the next 12 to 18 months, we’ll continue to see foreclosure rates and serious delinquency rates drift lower. We’ll probably be back to what that normal level was.

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“Primarily because of the declining effects of last fall’s hurricane-related spike, the overall mortgage delinquency rate in the third quarter was down 41 basis points on a year-over-year basis.” The.

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The national mortgage foreclosure crisis continues to affect borrowers, lenders, and the economy in Florida. At the height of the foreclosure crisis, filings in Florida state courts soared to 400,000 cases in one year, compared to an average of about 70,000 case filings per year before the crisis.

In addition to the winter weather, the NAR blamed rising home prices and mortgage rates, as well as the ongoing inventory. In one bright spot, distressed sales continue to fall. Foreclosures and.

Sarasota foreclosures are great buying opportunities. These Sarasota bank owned homes are available today, and are updated daily here on our website. Buying Sarasota Florida foreclosures is a great way to find homes with instant equity in the market.

SARASOTA/BRADENTON – The foreclosure rate in the North Port-Bradenton-Sarasota region dropped nearly four percentage points in September compared with September 2012. The rate of foreclosures in the area among outstanding mortgage loans was 6.58% in September, according to real estate data firm CoreLogic.

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Bradenton-Sarasota foreclosure rate continues to fall The number of delinquent mortgages and foreclosures in Manatee and Sarasota counties remains on the decline. zack wittman zwittman@bradenton.com When the time comes each month to pay the mortgage, HUD OFFERS $43 MILLION TO SUPPORT HOUSING COUNSELING.

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