FLORIDA’S FORECLOSURES ARE DOWN

Florida’s foreclosures are down compared to this time last year. It is being widely reported that mortgage foreclosures in Florida dropped by 17% in the third quarter of 2015 when compared to the same period last year. While this is certainly positive news, Florida still recorded the second highest foreclosure filings in the U.S., behind only Nevada, with one and every 186 housing units experiencing a foreclosure. Overall, foreclosure filings have decreased 28% from a year ago, and scheduled foreclosure auctions are down 46%. However, bank repossessions in Florida have increased 34% from last year’s third quarter and across the nation, foreclosures are down 5% when compared to 2014.

Jacksonville, Florida ranks second highest among the top 10 U.S. metropolitans with one in every 153 housing units being foreclosed. Florida municipalities of Deltona-Daytona Beach-Ormond Beach; Tampa-St. Petersburg-Clearwater; Miami-Fort Lauderdale-West Palm Beach; Lakeland-Winter Haven; and Ocala also all rank among the top to in foreclosures nationwide.

If you are facing foreclosure or any other financial crisis please contact Jacksonville’s debt relief lawyer, Matthew C. Bothwell, P.A., for your free consultation. We are here to help.