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News Story
Updated: 01/03/2014 03:01:54PM

Foreclosures down, not out

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By GARY ROBERTS

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While the number of homes entering foreclosure across the nation is at its lowest level in years, Florida continues to lead the way with the highest percentage of homeowners in default.

According to real estate data provider CoreLogic, 7.1 percent of the mortgaged homes in Florida are in some stage of foreclosure. Florida also has the highest number of completed foreclosures for the year ending in October 2013, with 115,000. Michigan registers a far distant second with 50,000, CoreLogic reported.

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