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Florida still at the top of U.S. foreclosures

We have been tracking Florida's foreclosure rate for some time in this blog. Generally, the numbers have trended downward over the past year or so, which is the good news. The bad news is, Florida has consistently trailed behind the rest of the U.S. in recovering from the foreclosure crisis.

That trend continues, according to a recent article in the Sarasota Herald-Tribune. Over the 12-month period that ended in February, lenders foreclosed on 71,644 Florida properties. While down 37 percent compared with the previous year, that figure still led all states and made up fully 15 percent of all U.S. foreclosures over that time.

Currently, the national foreclosure rate is 1.1 percent; in Florida, it's 2.2 percent. Twice the rate and fourth-highest in country, though down significantly from last year's rate of 3.4 percent.

Another 5.1 percent of all mortgages in Florida are at least 90 days past due, putting them in the "seriously delinquent" category and at serious risk of foreclosure. While the rate of serious delinquency has plummeted by a third in the state, nationally the rate has dropped to 3.2 percent, the lowest it has been since November 2007, the Herald Tribune reports.

Florida was one of the states hit worst by the foreclosure crisis. As the state continues to slowly heal, homeowners can still find themselves in trouble, and possibly facing the loss of their house. To fight to keep you home, you need to contact a foreclosure defense attorney as soon into the process as possible. He or she may be able to find an alternative that helps you get a handle on your mortgage payments and keep your home, if you want.

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