Foreclosure Filings Drop Sharply in South Florida

January 22, 2018 Posted by kingcade

During the 2007-2009 recession, South Florida was at the top of the list for most foreclosures.  However, in 2017 South Florida ranked No. 21 for the highest foreclosure rate among the nation’s metro areas.  Foreclosure filings dropped 37.9 percent in South Florida during 2017, according to Attom Data Solutions.

There were 20,019 properties with foreclosure filings in South Florida during 2017, or one in every 124 houses. The rate was higher in Miami-Dade County at one in 110 houses, followed by Broward County at one in 127 houses, and Palm Beach County at one in 149 houses.

Nationally, foreclosures were down 27 percent in 2017 and were at the lowest level since 2005, according to Attom. The metro regions with the highest foreclosure rates in 2017 were Atlantic City, New Jersey; Trenton, New Jersey; Philadelphia; Fayetteville, North Carolina; and Rockford, Illinois.

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