Florida leads the nation in the number of homes in foreclosure, according to a Mortgage Bankers Association of America survey released on February 17, 2010. As of the end of 2009, 13.44 percent of Florida home mortgages were in foreclosure. Nevada was in second place with 9.76 percent of mortgages in foreclosure. Nationally, 4.58 percent of mortgages were in foreclosure, and the percentage of borrowers who had missed a payment declined to 3.6 percent from the 2008 level of 3.8 percent.

In 2009, the number of Florida mortgages in foreclosure rose by 44 percent from the 2008 level. The last quarter of 2009 saw a 4.5-percent rise in the number of mortgages in foreclosure as compared with the third quarter of 2009.