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Florida foreclosures: Better than last year, but still high rate

On Behalf of | Jun 13, 2014 | Foreclosures

Floridians might collectively revel someday over the state’s final victory over the massive foreclosure battle it has been waging over the past handful-plus of years.

That day is not yet here.

Once again, and reflective of a pattern that many state residents and homeowners are thoroughly tired of noting, the state leads all other states across the country in this dubious category: highest foreclosure rate.

Thus states RealtyTrac, the national real estate information company that duly keeps track of property-related data on a monthly basis.

It would be seer understatement to note that RealtyTrac has beamed in before on Florida. In fact, the tracking firm states that Florida’s foreclosure rate has topped every other state for eight consecutive months.

That is indeed sobering information, given that many other states, too, have endured protracted and persistent foreclosure problems.

If there is a silver lining to be found with Florida, it is that the rate is down from last year. That is obviously encouraging news, although a recent media article focusing on the subject area refers to the “mountain of foreclosures” that still exist in the state.

Here’s another piece of notable data: Among large metropolitan areas across the country, the top eight locales — that is, those with the highest foreclosure rates — are all in Florida.

The Palm Bay-Melbourne-Titusville area tops that national list. The Miami-Fort Lauderdale region checks in at number eight.

Input from an experienced attorney can often make a material difference in a foreclosure proceeding and outcome. A proven Miami debt relief lawyer can answer questions and provide strong representation in any debt-related matter.

Source: Miami Herald, “Florida still leads nation in foreclosure activity,” Martha Brannigan, June 10, 2014


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