By: Anjali Fluker
Source: Orlando Business Journal
March foreclosure rates in the Orlando-Kissimmee area are up over the same period last year, according to First American CoreLogic.
The rate of foreclosures among outstanding mortgage loans was 8.1 percent in March, more than double March 2008’s 3.5 percent rate, First American data said.
Foreclosure activity in Orlando-Kissimmee is higher than the national foreclosure rate of 2.1 percent in March 2009.
Meanwhile, 15.8 percent of mortgage loans were 90 days or more delinquent in March, more than twice the 6.7 percent rate for the same month a year prior.
Report: Loan foreclosures at 8.1%
