Foreclosures show more Tampa Bay home owners struggle with mortgage

Tampa Bay area home owners are falling behind on their mortgages nearly twice as often as they did a year ago. According to a report from First American Core Logic, 6.7 percent of borrowers received foreclosure notices in March compared with 3.2 percent of home owners in March 2008. A larger number of homeowners were at least 90 days behind on their mortgages. The delinquency rate was 11.9 percent this year versus 6 percent last year. The 12-month running tally of foreclosure filings in Tampa Bay was 66,683. If there's any consolation, defaults are worse in the rest of Florida. The 90-day delinquency rate was 14 percent in March. The foreclosure rate was 7.7 percent.

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