During the months of September and October, Florida’s foreclosure activity reportedly reached the highest in the country. In fact, during these months Florida’s rates were almost double the national average. According to RealtyTrac, one in every 312 homes was involved in the foreclosure process during this time. Nationally, only one in every 706 homes was going through foreclosure. During October, 28,783 Florida homes received a foreclosure notice.
Even though Florida had the highest foreclosure activity rate for two consecutive months, the state’s rates are actually down by 13 percent. In Palm Beach County alone, 1,418 new foreclosure cases were filed in September and 1,124 were filed in October. Experts believe that eventually the state’s foreclosure rates will reach a plateau.
To read more on this story visit: http://www.loansafe.org/florida-post-highest-foreclosure-activity-rate-for-2nd-consecutive-month
Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Foreclosure defense attorney, Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the Kingcade & Garcia, P.A. at www.miamibankruptcy.com.