Fla. foreclosure rate at 12%

Florida ended 2011 with a foreclosure rate of 11.9% -- that is, 11.9% of all borrowers with an outstanding mortgage loan were at some phase in the foreclosure process, according to CoreLogic.

Florida's rate was the highest in the nation, and three and a half times higher than the national foreclosure rate of 3.4%.

The state with the second-highest rate was New Jersey, with a 6.4% foreclosure rate -- nearly half of Florida's. In all, just seven states have a foreclosure rate above 4%, CoreLogic says.

Beyond its foreclosure problems, 17.4% of Florida's mortgage borrowers are 90 or more days late on payments. This includes the 11.9% of borrowers already in foreclosure; that means another 5.5% of borrowers are three months late on payments, but are not in foreclosure. Nevada was second in delinquency rate, with 13.4% of mortgage borrowers in the state 90 or more days late on payments, and 5.3% of its borrowers in foreclosure.

Nationwide, the so-called delinquency rate is 7.4%, less than half Florida's rate.