South Florida Ranks No. 2 among Abandoned Foreclosures

June 25, 2013 Posted by kingcade

According to RealtyTrac, South Florida comes in at No. 2 in metropolitan areas, with more than 13,000 abandoned and foreclosed properties. The State of Florida ranks No. 1 in the number of foreclosed properties abandoned by homeowners. One of the reasons for this is that banks are reluctant to maintain the property until they finally take possession, which can take years. The amount of abandoned and foreclosed properties can have a devastating effect on property values and entire cities. Lake Worth Commissioner, Scott Maxwell, is looking for a permanent solution to the problem, beginning by examining the city’s code enforcement.

Click here to read more on the devastating effects the high number of abandoned and foreclosed properties can have on South Florida and some of the solutions being proposed.

Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified Miami foreclosure defense attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Miami 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 website, www.miamibankruptcy.com.

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