Florida’s foreclosure crisis far from over

There was a spate of foreclosure activity in Jul 2013 as lenders in certain judicial states continued to clear their backlogs. The foreclosure market report – released by RealtyTrac – depicted a rise.

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While foreclosure activity in Florida has been generally declining for the last year, the Sunshine State has still not completely recovered from being one of the states hit hardest by the financial.

The CRL research also shows that the foreclosure crisis is far from over and runaway foreclosures continue to drain hundreds of billions of dollars in wealth from communities of color. An estimated 2.5 million foreclosures were completed from 2007 – 2009, and an estimated 5.7 million additional foreclosures are imminent.

Foreclosure crisis far from over for South Florida; Foreclosure bills face uphill climb; FORECLOSURES IN HOAs: GOOD BUSINESS? HOA Lawyer In Risky Business. While here in Florida the foreclosures don’t make the big headlines yet on a permanent basis, It has already started down South.

It continues to be clear that the foreclosure crisis. over-year declines in both delinquencies and completed foreclosures and a foreclosure inventory that has shrunk to less than a third of its.

Seek legal guidance from a foreclosure lawyer in Chicago if you are trapped in an underwater mortgage.. America’s Foreclosure Crisis is Far From Over. Jan 28, 2016. in 2009, borrowers who sought relief under HAMP redefaulted at a rate of 53 percent. Over the lifetime of the program, more.

Despite what you might have heard, the foreclosure crisis is far from over. Economics correspondent Paul Solman talks to people in Florida who have lost their homes, and considers whether a wave of.

Florida foreclosure crisis far from over. Housing is still unaffordable. Florida remains one of the top states for foreclosures, despite the rest of the nation reporting a steady recovery.

Florida’s Foreclosure Crisis Is Far From Over In the first half of 2012, the national foreclosure rate dropped by 11 percent. Unfortunately, Florida was not so lucky. RealtyTrac’s 2012 mid-year report shows that Florida’s foreclosure rate actually increased in all but two of the state’s major metropolitan areas.

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