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South Florida Had An Increase Of Foreclosure Activity In March

foreclosure activity

According to a study by RealtyTrac, March had an increase of foreclosure activity, reversing months of declines. February had 4,577 filings in the tri-county area. But, during March the foreclosure activity, that is, filings went up to 6,329 for the tri-county area. The filing counts as a repossession, a judgment, or a new foreclosure lawsuit. Broward County was at the top of the tri-county area with 3,169 foreclosure filings during March. This is a 58 percent increase from February and a 68 percent increase from March of 2014. Miami-Dade County followed with 1,872 foreclosure filings in March; which is a 29 percent increase from February but a 49 percent decrease for March of last year.

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.

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