Tampa Bay’s foreclosure rate continues to fall

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Florida mortgage delinquencies worst in U.S.-Tampa Foreclosures Creating the Come Back of the BIDDING WAR. by Rae Catanese, Realtor | 0 comments "Florida continues to be the worst state in terms of delinquencies with 26 percent of Florida mortgages one payment or more past due as of December 31st.

Yes, the darkest days of Tampa Bay’s foreclosure crisis are well past. Though still above the national average, the percentage of bay area homes in some stage of foreclosure continues to plunge. And.

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Though still above the national level, Tampa Bay’s foreclosure rate continues to drop while good deals on foreclosed homes are getting scarcer by the month. In July, 2.16 percent of bay area homes.

Once in the top five nationally for foreclosure filings, the Tampa Bay area no longer makes even the top 25. As bay area home prices and values continue to rise. Connecticut having the highest.

Tampa Bay Area Pre-Foreclosures, Foreclosures, Bank Owned Property What is a foreclosure? Foreclosure is a process by which a secured creditor such as a bank takes back ownership of a home or condo in default due to failure to pay.

"It’s really great news for Tampa’s economy, which is still closely tied to the housing market. Let’s hope the trend continues." Final figures for other bay area counties are not yet available, but.