South Florida Foreclosures Still Lead the Nation

It’s fairly common in South Florida to see abandoned homes or homes that seem badly in need of repair. Desperate homeowners find themselves unable to afford to pay their mortgage or care for their homes. South Florida foreclosures have transformed many thriving communities into ghost towns. Six years after the real estate bubble burst, South Florida is still feeling the negative effects of the housing crash.

The latest data from Realty Trac Inc. reveals that Florida is leading the nation when it come to foreclosures. Unfortunately, around one in every 33 Florida homes is in foreclosure. The numbers look even worse for the tri-county area with about one in 25 homes in foreclosure. A whopping 140,000 homes in total are currently in foreclosure in Florida, with foreclosure activity increasing every day. South Florida foreclosures have devastated communities and hurt families, but you don’t have to be another victim.The good news is that if you are facing foreclosure, you don’t have to abandon your home or let is fall into disrepair. You have options. An experienced attorney can help you find a solution. If you have received a notification from your bank or think you may be at risk of foreclosure, please call us for a free consultation. An experienced attorney may be able to arrange a payment plan, help you sell your home, or advise you to declare bankruptcy. Don’t become another statistic! Speak with an attorney today.