Tag Archives : foreclosures


Florida foreclosures the good and bad news

Banks supposedly pay billions but Florida foreclosures shoot up 14%. GOOD Florida’s settlement with the big banks over robo-signing and other mortgage abuse amounted to billions in payments to the state, mortgage balance reduction and cash payments to some mortgage borrowers. BAD The robo scandal slowed the banks down but now they are free to foreclose. Will this lead […]

florida foreclosure auction sign in yard

Florida Leads the Nation in Forclosure Inventory 1

About 12% of all homes in Florida with a mortgage are in some state of default. There has been very little improvementbecause a year ago the rate was the same. New Jersey has the second worst rate at  half of Florida’s rate at 6.4% and Illinois is next at 5.4%. The national average is just 3.4%. Looking ahead, 17% […]