Foreclosure

There is finally some good news in the Miami real estate market – there are fewer mortgage loans in foreclosure and fewer going into default. While this is a step in the right direction, CoreLogic reports that Miami’s rate of foreclosures, and the number of past due mortgages, are still above state and national levels. […]

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Residents of Florida should be aware that there are companies out there that purchase thousands of mortgage foreclosure judgments in our State in order to sue homeowners for a deficiency judgment after their home is foreclosed. After the loss of your home, it can be overwhelming to face a judgment against you for thousands of […]

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According to RealtyTrac, one of the leading sources for real property information, the Miami-Fort Lauderdale-Pompano Beach area had the third-highest foreclosure activity among large metro areas last month. Of the 20 metro areas with the worst foreclosure rates, 11 are located in Florida. This should come as no surprise since the state leads the nation […]

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Good News For Miami – Foreclosures are on the Decline

04/28/2014
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The Miami Herald reports that foreclosures in the Miami area are decreasing. According to CoreLogic, one of the leading providers of financial and real property information, 8.09 percent of the mortgages outstanding in January in the Miami-Miami Beach-Kendall area were in some stage of foreclosure, down from 14.02 percent a year earlier. Although Miami’s foreclosure […]

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