Foreclosures in Manatee increase in September

BRADENTON - Foreclosure rates in North Port-Bradenton-Sarasota have increased for the month of September over the same period last year, according to newly released data from CoreLogic today.

The CoreLogic data reveals that the rate of North Port-Bradenton-Sarasota area foreclosures among outstanding mortgage loans is 11.84 percent for the month of September, an increase of 0.93 percentage points compared to September of 2010 when the rate was 10.91 percent. Foreclosure activity in North Port-Bradenton-Sarasota is higher than the national foreclosure rate which was 3.48 percent for September 2011, representing a 8.36 percentage point difference.

Also in North Port-Bradenton-Sarasota, the mortgage delinquency rate has increased. According to CoreLogic data for September 2011, 16.16 percent of mortgage loans were 90 days or more delinquent compared to 16.13 percent for the same period last year, representing an increase of 0.03 percentage points.