As just reported in DS News (http://www.dsnews.com), the number of unpaid mortgages in the United States declined again in April 2010, but delinquency roll rates remain high, according to an industry report released in June by Lender Processing Services, Inc. (http://www.lpsvcs.com).

The Florida based analytics firm says that while signs of stabilization in the nation's mortgage delinquency and foreclosure rates may be emerging, the process is largely neutralized by the more than 7 million loans still in distress. Housing supplies remain bloated, but LPS notes that lenders' operational processes are starting to drive inventory turnover.

According to the company's new Mortgage Monitor report, the number of loans 90 or more days delinquent (including pre-sale foreclosure) declined 112,184...from 4,186,627 to 4,074,443 between March and April. Add that to LPS's count of REO properties, and the company says it puts the total number of noncurrent U.S. home loans at just more than 7.3 million.

Based on LPS's analysis, the total U.S. loan delinquency rate now stands at 8.99 percent, and the foreclosure inventory rate at 3.18 percent. That means 12.17 percent of the nation's outstanding mortgages are noncurrent.

The company's analysis of its loan-level database of more than 40 million mortgages shows that the following states are home to the highest ratios of noncurrent loans: Florida, Nevada, Mississippi, Arizona, Georgia, California, Illinois, New Jersey, Michigan, and Rhode Island.

Additionally, as of the April 2010 reporting period, Florida ranks #1 for foreclosures in the United States. Here are some supporting statistics as reported in DS News.

* 90-day Delinquency Rate - 19.7%     (13.7% one year ago)
* Foreclosure Rate - 11.6%     (8.3% one year ago)
* REO Rate -1.0%     (.08% one year ago)
* Unemployment Rate - 12.0%     (9.9% one year ago)

The top county for delinquency rate is Miami-Dade as follows:

* 90-day Delinquency Rate - 29.7%     (19.9% one year ago)
* Foreclosure Rate - 18.9%     (12.6% one year ago)
* REO Rate -1.0%     (1.0% one year ago)

If you are interested in finding our more information regarding foreclosures and REO Properties, please contact Joe Bornstein, Broker/Owner of Rock Springs Realty (http://www.rockspringsrealty.net) or call toll free at 877-333-2811. You can also email Joe at joe@rockspringsrealty.net

Rock Springs Realty also offers "FREE" lists of bank-owned foreclosure properties throughout the Central Florida area for potential Buyers and Investors.