Miami foreclosure rate fell in February

A strong housing market kept flushing foreclosures out of Miami-Dade County in October. The county’s delinquency rate fell from 10.87 percent October of last year to 7.5 percent this October.

New foreclosure. Miami, Chicago and Los Angeles, marking an ominous sign for a housing market that is showing indications of a slowdown. Thirteen states posted year-over-year increases in.

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A reported 77049 filings were recorded in April, down 7% from March and down a full. “Foreclosure activity continued to search for a new post-recession floor in April. However, in some states, that rate was much higher.. from March and down 22% from last year to the lowest level since February 2015.

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The share of delinquent mortgages fell below the level from the pre-crisis period (an average of 4.7 percent from 2000 to 2006) starting in March 2018. The serious delinquency rate – defined as 90.

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Miami had the highest rate at 10.3 percent, increasing from 7 percent in February 2017, while San Francisco had the lowest at 1.7 percent. Both Miami and Houston saw significant increases in delinquency rates from a year ago as a result of the hurricanes, with the delinquency rate in Houston rising from 5.8 percent in February 2017 to 8.6.

Now several years into the housing market’s recovery, a new report shows miami-dade County’s foreclosure rate has again fallen in February. Miami-Dade foreclosures continue falling in February.

Pre-Foreclosures Pre-Foreclosures. The lender initiated foreclosure proceedings on these properties because the owner(s) were in default on their loan obligations. Pre-foreclosures also include properties for which a foreclosure auction is scheduled. These properties are not found on a multiple listing service (MLS).

This week’s real estate reports found that most millennials, and a large chunk of potential home buyers, don’t know about closing costs; foreclosure rates in South Florida continue to fall.

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