Florida property identified as 'most delinquent'

Florida has the highest rate of mortgages more than 60 days behind with their payments in the US, new figures have shown.

Data from credit reference agency TransUnion showed that in the fourth quarter of 2008 9.5 per cent of home loans in the state were 'delinquent'.

Such statistics could suggest that Florida is more likely to provide a supply of foreclosed homes in the near future than other parts of the US, which might interest those keen to pick up bargains in this segment of the market.

While some may be looking for cheap foreclosed property, those keen to invest in holiday rental property may be encouraged by the findings of a survey on the visiting preferences of affluent Americans.

A study by tourism marketing firm Ypartnership found that Orlando was sixth in the list of cities wealthy US citizens would like to visit.
 

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