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Foreclosure Rate In South Florida. SCARY!!!

By
Real Estate Agent with Realty World Freewheeler
This is from a new report... Filings in the Florida Keys are up 53%, and increase from a total of 1305 in 2006 to 2000 filings in 2007.  Miami-Dade has and even larger increase rising from 9814 filings in 2006 to a whopping 20,475 in 2007.  That is 1 out of every 32 homes while Broward County filed 20,812 which is 1 of every 30 homes.  Good news is that we are only the fourth highest state in the Country.  I feel bad for 1,2 and 3.  The real good news in the opportunities for investors.

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