Tuesday, November 21, 2017
Business

Tampa Bay foreclosure and delinquency rates drop again

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Only 1.4 percent of all Tampa Bay homes with mortgages were in foreclosure proceedings in August compared with 1.9 percent a year earlier and more than 5 percent four years ago. CoreLogic reports.

The percentage of bay area borrowers "seriously delinquent’’ on the their mortgages — more than 90 days late — also dropped, to 2.8 percent from nearly 4 percent the year before. Nationally, the 0.6 percent foreclosure rate was the lowest since August 2006.

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