This page was written, edited, reviewed & approved by Emil J. Fleysher following our comprehensive editorial guidelines. Emil J. Fleysher, the Founding Partner, has 15+ years of legal experience as a bankruptcy attorney. Our last modified date shows when this page was last reviewed.
For Florida, it may be a turning point in the foreclosure rate and crisis. When compared year to year, the foreclosure rate in Florida is down nearly 37%. This makes it the lowest it has been since 2008. That equates to fewer than 4 million people who are not current on their mortgage. In Florida, 12% of homeowners with mortgages are not current on their payments. This ranks Florida the third out of fifty in the nation for most delinquent mortgages. These numbers reflect a twenty percent reduction in delinquency in the past six months, ranking Florida the second most improved. The number of properties with delinquent mortgages is at levels not seen since October 2007. And, new foreclosure filings are at their lowest since then as well. For the first time since 2008, prepayment rates have increased.
If you have questions about Foreclosure, Loan Modification, Bankruptcy, Short Sale, or other alternatives, please feel free to call my office at 888-886-0020, send an e-mail to emil@fleysherlaw.com, or complete the contact form below.
Emil specializes in consumer bankruptcy, debt settlement, and mortgage modification, offering a holistic approach to solving mortgage and debt problems. Emil listens to clients, understands their circumstances and goals, and helps them make the right choices by presenting all options and contingencies.
He is dedicated to helping South Floridians regain their financial freedom from overwhelming debt caused by high interest credit cards, bad mortgage loans, and uninsured medical expenses.
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