Foreclosure Rates are Flooding South Florida, Miami Homes
In June, 6,292 homes went into foreclosure in Broward and 5,289 Miami homes
As the mortgage crisis, made worse by tougher economic times, continued to claim overextended borrowers in the region,
Meanwhile, even as the bill faced new problem in the House, the U.S. Senate voted Thursday to advance a mortgage rescue to help hundreds of thousands of stressed homeowners.
The Senate passed the measure by a vote of 84-12, putting the election-year aid package on track for approval by the end of the week.
1 comment:
I have always thought, in some part its down to the homeowners. People always want bigger and better, In my personal opinion they should have compensated for a situation like the one we are currently seeing. Maybe Mortgage Bonds would help them, but then people don't like to spend more money!
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