Foreclosure Problem Persists in Florida

Foreclosures continue to dog Florida, but the outlook appears to be brightening, experts say. The Sunshine State posted the nation’s highest foreclosure rate in July for the third consecutive month, according to a report from the RealtyTrac listing firm. One in every 328 Florida homes was in some stage of foreclosure, more than three times the national average.

Among metro areas, Palm Beach, Broward and Miami-Dade counties had the nation’s second-highest foreclosure rate, with one in 250 homes in the foreclosure process. Jacksonville ranked first, at one in 230.

Ray Garcia, Esq.

www.raygarcialaw.com