Friday, May 15, 2009

South Florida Foreclosures, Miami Homes

South Florida Foreclosures, Miami Homes

In April the number of South Florida foreclosures soared from the previous month, rising in both Miami-Dade and Broward counties by triple digit percentages, as high unemployment, risky loans and plunging property values continued to affect borrowers.

According to RealtyTrac, a private foreclosure tracking firm, foreclosure filings soared in Miami-Dade by 111% between March and April. Broward foreclosures surged 124% between March and April. Foreclosures were up around 90% in both counties, compared to April 2008.

Full Article....South Florida Foreclosures, Miami Homes

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