Foreclosure rates in the greater Miami area remain astonishingly high, but they’re headed in the right direction.
In March, 13.25 percent of the outstanding mortgages in the Miami, Miami Beach and Kendall area were in some stage of the foreclosure process, according to CoreLogic. That was down from 17.51 percent a year earlier. But it was dramatically higher than the national foreclosure rate of 2.84 percent, according to the Irvine, Calif.-based real-estate data firm.Sponsor Content
Foreclosure threat subsides for more Miami households
Source: Miami Herald