Tampa Bay’s foreclosure rate continues to fall

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Tampa Bay’s foreclosure rate plunged in July but remained higher than the state and national rates. Of all bay area homes with mortgages, 3.5 percent were in some stage of foreclosure in July.

The rate continues to rise. About 46% of tampa bay homes were underwater at the end of September. Florida’s upside-down mortgage rate was 47.8%, third worst in the nation after Nevada’s and Arizona’s.

Foreclosures and short sales accounted for about a third of Tampa Bay’s home sales last month, down 6 percent from April 2012. cheap credit has also helped entice buyers to the market, with the.

Tampa Bay’s mortgage foreclosure and delinquency rates continue to plunge as the area’s robust economic growth pushes up home values. According to the real estate site corelogic, the percentage of bay.

Foreclosure We are all feeling the impact of our national economy and the City of Tampa is facing tight economic times along with other cities throughout Florida. Many of our neighbors have lost their jobs and making monthly mortgage payments has become increasingly difficult.

 · "The Tampa Bay economy is set to climb more quickly than the U.S. in 2014 and 2015 on the back of service industries and with an end to the housing depression," PNC noted.

 · Tampa Bay’s foreclosure rate plunged in July but remained higher than the state and national rates. Of all bay area homes with mortgages, 3.5 percent were in some stage of foreclosure.

 · Just south of Tampa Bay, Lee County had one of the highest amounts of foreclosure across the country. The county also saw an increase of unemployment – from 3.3 percent to 13.1 percent in only.

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Tampa Bay’s economic engine may not rival California’s Silicon Valley. Sutherland, 59, is optimistic the city’s downtown area and adjacent Channelside district will continue its upswing, adding.