South Florida's foreclosure rate ranks 13th out of 212 metropolitan areas so far this year. One in 53 properties in Palm Beach, Broward, and Miami-Dade counties is in some stage of foreclosure. So far this year, the foreclosure rate for South Florida is 46,559 homes in foreclosure; up 24 percent from a year ago. The number of new cases increased 34 percent from last year. <\/p>\n\n\n\n
However, the South Florida housing market has improved in the past few months. But, these numbers are a reminder that it will take time for South Florida to recover. Impeding the recovery is the prospect of more foreclosures in the coming months and a large number of homeowners who owe more than their properties are worth.<\/p>\n\n\n\n
If you have questions about foreclosure<\/a>, loan modification<\/a>, bankruptcy<\/a>, or other alternatives, please feel free to call my office at 954-484-9987<\/a>, send an e-mail to emil@fleysherlaw.com<\/a>, or complete the contact form below.<\/p>\n\n\n\n