Foreclosure Filing up 52 Percent

by Isaac Benmergui, Esq on December 9, 2011

As expected, foreclosure filings have picked up in South Florida due to the shadow inventory of thousands of homes in, or headed to, foreclosure.

October’s foreclosure numbers rose 52 percent from September, specifically there were 5,977 foreclosures in September and 9,127 in October in Miami-Dade and Broward counties. The number is expected to rise as more foreclosures are filed and evictions executed and residents lose their homes.

The one bright spot: a year ago, there were 13,110 or 30.3 percent more in 2010.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

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