Florida Foreclosures, Miami Beach Real Estate

78,000 Florida Foreclosures, Miami Beach Real Estate

According to an industry report released Friday, with more than 78,000 new homes in jeopardy of being repossessed by lenders, the number of Florida home loans entering foreclosure continued to rise at a quick rate in the second quarter.

The Mortgage Bankers Association survey, which tracks only first mortgages, painted a dark cloud over Florida's housing market after a more than half-decade of overbuilding and heavy speculation.

Full Article..... 78,000 Florida Foreclosures!