Sarasota-Bradenton foreclosures fall

SARASOTA/BRADENTON — The foreclosure rate in the North Port-Bradenton-Sarasota region dropped nearly four percentage points in September compared with September 2012.

The rate of foreclosures in the area among outstanding mortgage loans was 6.58% in September, according to real estate data firm CoreLogic. That's a drop of 3.87 percentage points from September 2012, when the rate was 10.45%. The foreclosure rate, while down, remains higher than the national foreclosure rate, which was 2.29% in September, CoreLogic reports.

The region's mortgage delinquency rate also decreased year-over-year in September. In that category, CoreLogic reports that 10.25% of mortgage loans in the region were delinquent 90 days or more in September. That's a drop of 4.46 percentage points over September 2012, when it was 14.71%.