Foreclosures in South Florida continue to remain high. We ranked number one yet again nationally for foreclosures. However, there is a silver lining for South Florida; we are no longer the Sunshine State foreclosure capital. That distinction now goes to the Jacksonville metro.
What does this mean to you if you’re at risk for your home to enter foreclosure, or in the process? It signals that banks are willing to work with you the homeowner in order to keep you in your home. Banks now are willing to work with homeowners that are seeking help.
New foreclosures have in the South Florida area has dropped significantly year over year percentages. It is unclear if the drop in foreclosures is due to the new state’s foreclosure law that took effect on July 1st. This new bill is designed to speed up the foreclosure process. This law has been heavily criticized as bad for the homeowner.
If you need help, or know someone who needs help because their home is under foreclosure contact us today. We know that it is a difficult time, and the mounting paperwork being posted on your door is stressful. We want you to live life and leave the legal stuff to us!