Monday, March 8, 2010

Jacksonville mortgage delinquencies rise above 10%

Few days ago Dmitry Mikhaylov had interview with Kevin from Florida Times Union Newspaper about growing Delinquencies in Jacksonville. Find out more about foreclosure and short sale trends in Jacksonville Florida now.

The number of Jacksonville homeowners who have fallen behind on mortgage payments rose steadily over the past three years and today stands at more than 10 percent, according to a national credit monitoring company.

Mortgage delinquencies of 60 days or more were 2.2 percent at the end of 2006 - a figure that grew to 10.3 percent by the close of 2009, according to TransUnion LLC, a company that maintains credit histories on about 500 million people internationally.

Although that's lower than the percentages of mortgage delinquencies in the state's other metropolitan areas and the state as a whole, it's likely to continue rising through 2010, Jacksonville foreclosure specialists said.

Read full article here

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