MANATEE — Foreclosure and mortgage delinquency rates jumped in March but remained below state levels, according to a national real estate data and analytic firm.
The foreclosure rate among outstanding mortgage loans in the Bradenton-Sarasota-North Port area was 10.99 percent, up from 7.09 percent in March 2009, CoreLogic said in data just released.
The Florida foreclosure rate was 11.62 percent in March, the latest month for which information was available, compared to 7.81 percent in March 2009.
Also, 17.25 percent of local mortgage loans were seriously delinquent, or at least 90 days past due, in foreclosure or repossessed by lenders, the company said. A year ago, it was 11.38 percent.
Statewide, 19.67 percent of outstanding mortgages were seriously delinquent in March, up from 13.14 percent a year earlier, CoreLogic said.
The local foreclosure and delinquency rates have climbed every month during the past year.
The national foreclosure rate in March was 3.23 percent, up from 2.32 percent in March 2009.
The 90-day delinquency rate rose to 8.93 percent from 5.79 percent.
CoreLogic’s figures are in line with those of RealtyTrac, another company that tracks foreclosures.
RealtyTrac said one in every 61 homes in the Sarasota-Bradenton-Venice area had some sort of foreclosure filing against it during the January-March quarter, up 8.5 percent from 2009’s final quarter and 28 percent higher than that year’s first quarter.
The area’s first-quarter showing ranked as the 21st-highest rate in the country, but only the seventh-highest in Florida as the state continued to lead the national rankings.
