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Tampa Bay's foreclosure rate was unchanged in 2018 although fewer people were seriously late on their mortgages

 
Notice on the door of a foreclosed house in northeast St. Petersburg.  [SUSAN TAYLOR MARTIN | Times| 2016 |
Notice on the door of a foreclosed house in northeast St. Petersburg. [SUSAN TAYLOR MARTIN | Times| 2016 |
Published March 12, 2019

The foreclosure rate in the Tampa Bay area was unchanged between 2017 and 2018 despite a drop in the percentage of homes that were "seriously delinquent'' on their mortgages.

According to the property data site CoreLogic, about 1 percent of all mortgaged bay area homes were in some stage of foreclosure at the end of December. That was the same as in 2017. The percentage of seriously delinquent homes — those 90 or more days late in payments — declined to 2 percent while "early stage delinquencies'' — those 30 to 59 days late — declined to 4.4 percent, about half the rate as in 2017.

Nationally, foreclosure and delinquency rates sank to their lowest December level since at least 2000. However, the rate of serious delinquencies rose year over year in several areas hard hit by hurricanes Michael and Florence including Panama City and Wilmington, N.C.

Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Follow @susanskate.