Florida tops nation for delinquent mortgages

Florida leads the nation in the number of homes delinquent or in foreclosure according to a fourth quarter survey by the Mortgage Bankers Association. The survey found that 20.1 percent of mortgages on Florida homes were delinquent or held in foreclosure. Nationwide, more than 11 percent of American homeowners are either delinquent or in foreclosure. The survey covered 85 percent of the country’s 1-4 family residential mortgages.

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