Florida Foreclosures, South Beach Real Estate

Florida Foreclosures Surge, Miami Real Estate

Florida foreclosures in Miami-Dade County surged 94% in September compared to a year ago, with 5,721 homeowners receiving word their lenders had started foreclosure proceedings. The rate rose 2% in Broward with 3,493 homes entering foreclosure.

RealtyTrac, which tallies new filings, scheduled auction sales and Miami homes that were returned to lenders, suggest rising unemployment will possibly increase the region's foreclosure problem.

Full Article....Florida Foreclosures, South Beach Real Estate