Tuesday, February 26, 2008

Florida Foreclosure Listings Rise

Florida Foreclosures Rise 158%

The Florida foreclosure rate climbed 158% over last year which was much was much greater than the rest in the nation.

The Miami Herald reported today that the number of Florida foreclosures jumped 57 % in January compared to a year ago. A mortgage research firm said Monday, that Florida's Cape Coral-Fort Myers had the highest rate of homes in foreclosure in the nation.

Lenders are being forced to taking possession of Florida homes that could not be sold at auctions.

Click her for full article…Foreclosure Homes Rise 158%

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