The nation has seen a drop in foreclosures and Florida is feeling it, too! According to California-based RealtyTrac, an online site focused on distressed real estate, the number of Florida foreclosures has decreased by 8.7 percent in July. The counties of Tampa Bay have seen the largest annual drop at close to 24 percent.
In a national ranking, Florida is number three for foreclosure filings, close behind is Arizona at number two, and Nevada at number one. All three states have seen a significant drop in filing rates. California, placing number four, has seen a decrease of more than 54 percent.
To read more on some of the latest trends in foreclosure filings, visit:
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. website at www.miamibankruptcy.com.