• 03
  • September
    2010

According to a recent report from the Mortgage Bankers Association, Florida homeowners are still at high risk of foreclosure. The Palm Beach Post reports that one in nine Florida households with a mortgage is at risk of foreclosure this summer.

The Mortgage Bankers Association report says that in the second quarter of 2010, 10.97 percent of Florida home loan payments had at least one payment past due. Florida also has the highest rate in the nation, at 20 percent, for loans more than 90 days past due or in foreclosure.

Both of those previous statistics have actually dropped slightly from their previous levels, but there has been an increase in homeowners who are just beginning to have trouble making mortgage payments.

The Mortgage Bankers Association reported that the percent of homeowners one payment behind on their mortgage is 3.51 percent across the nation, and 3.32 percent in Florida. Last quarter, the percentage of Floridians one payment behind on their mortgages was 3.12 percent. Economists believe the increase in new difficulties with mortgages can be tied to the high rate of unemployment in the country.

According to The Palm Beach Post, nearly 11,000 Floridians lost their homes last May in the last stage of the foreclosure process. 

Source:

More homeowners in trouble with mortgages (The Palm Beach Post)