Area Foreclosures On The Rise

A new housing report shows Bay County foreclosure rates are on the rise.

Foreclosure Rates*
Sept. 2011 Sept. 2010
--------------- ----------------
Bay Co. 7.81% 7.17%
Florida 12.28% 11.38%
U.S. 3.48% 3.30%

Core-Logic released the report Thursday, showing the September foreclosure rates inching toward 8%.

The local rate is well above the national rate of 3-and-a-half %, but it's well below the state average of more than 12%.

90+ Day Delinquency Rate *
Sept. 2011 Sept. 2010
--------------- ----------------
Bay Co. 11.17% 11.23%
Florida 17.38% 18.11%
U.S. 7.17% 7.86%

*Source: CoreLogic

The report says homeowners are doing a good job of keeping up with their house payments.

The local mortgage delinquency rate is more than 11%, but that's actually down from the number of homeowners who were more than 90-days delinquent a year ago.

Bank of American
Foreclosure Assistance
Friday Dec. 9th &
Saturday Dec. 10th

8:30am - 6:00pm

Wyndham Bay Point Resort
(Formerly Bay Point Marriott)

Bank of America is offering some help to about 5-thouand of it's Northwest Florida customers in need of foreclosure assistance.

Bank officials are offering free face-to-face consultations with home retention specialists Friday and Saturday. Those representatives will be available at the Wyndham Bay Point Resort from 8:30 until 6:00 on both days. And again, it is free to Bank of America customers.

Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus