Newspaper article Sarasota Herald Tribune

Fewer Foreclosures; Still among Highest

Newspaper article Sarasota Herald Tribune

Fewer Foreclosures; Still among Highest

Article excerpt

Foreclosure rates have continued to slide this year in Southwest Florida -- and rather dramatically in January -- but remain among the highest levels in the nation.

The rate of foreclosures among outstanding mortgages in the Sarasota-Manatee region fell to 5.40 percent in January from 9.26 percent a year earlier, data provider CoreLogic said.

The foreclosure rate in Charlotte County, meanwhile, dropped to 5.97 percent from 9.39 percent in the same period in 2013.

But even with the declines, Charlotte posted the 19th-highest foreclosure rate in the U.S. to start 2014, and Sarasota-Manatee came in at 21st among 401 metro areas analyzed.

Overall, Florida once again maintained the nation's highest foreclosure rate at 6.22 percent, but that was down from 10.15 percent in January 2013. The Sunshine State has dominated foreclosure rolls for much of the past five years.

The U.S. rate, by comparison, dipped to 1.97 percent in January, from 2.90 percent over the year. …

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