South Florida Foreclosures Filings Since 2007 Set to Top 350,000

by Isaac Benmergui, Esq on January 4, 2013

Red$graph_cropThe year 2012 marked an uptick in South Florida foreclosures, pushing past 350,000 default notices mailed to homeowners since the housing bust began in 2007.

As reported by Condo Vultures, almost 14,700 foreclosure actions in the tri-county area during fourth quarter 2012 were filed by a lender, which represents a 41 percent surge in filings compared to the same time last year.

In 2012, over 50,300 default notices were filed in South Florida; 2011 saw less than 34,100 actions, according to records of the Clerks of the Court for the individuals countie.

“In the last six years, foreclosure filings in South Florida increased rapidly between 2007 and 2009 before decreasing dramatically in 2010 and 2011 in response to the ‘robo-signer’ controversy. The year 2012 proved to be another year of increased foreclosure filing activity,” said Condo Vultures Principal Peter Zalewski.

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