Fleysher Law Blog

For the 3rd month in a row, Florida has the nation’s highest foreclosure rate. One in every 304 Florida homes was in some stage of foreclosure in November – more than twice the national average. Additionally, there are 550,000 Florida homeowners who are over 90 days delinquent but have not yet received default notices. The South Florida metro area alone (Palm Beach, Broward, and Miami-Dade counties) had the nation’s 5th

The number of short sales has more than tripled in the past three years. And, with that, the opportunity, or flopping, for fraudsters to make quick money has also grown. Known as “flopping”, an underwater seller arranges a short sale with their mortgage holder. Then, they intentionally mislead the bank about the condition of the property; in order to sell it for as low of a price as possible to

Over 5,100 foreclosure filings happened in South Florida in October 2012, a 50%+ increase from October 2011. More than 1/3 of the foreclosures (2,300) came from Miami-Dade County. Broward County had almost 1,800 foreclosures, up from 1,200 last year. Palm Beach County shows 1,100 new foreclosure filings, a big jump from the 757 in October 2011. Broward County is accounting for 42% of all the filings so far in 2012.

The number of new foreclosure filings in Palm Beach County increased in October compared with the previous month; as well as with the same time in 2011, according to the latest statistics from the Clerk & Comptroller’s office. The 1,418 new foreclosure filings that occurred in October also pushed Palm Beach County’s foreclosure case total for 2012 to 13,057; exceeding the 12,154 cases filed for all of 2011. The number