Builder revamps Boca housing development
May
14
2010
14
2010
As home prices fell and the job picture worsened, the percentage of Florida home loans either past due or in foreclosure hit 23 percent in the second quarter, outpacing any other state in the nation.
The figure represents 807,000 loans, a staggering sum of the roughly 3.5 million mortgages outstanding in Florida.
"Florida deserves special mention as the worst state in the country,'' said Jay Brinkmann, chief economist of the Mortgage Bankers Association that released the numbers Thursday. ``Nevada is a close second, but everyone else is far behind.''