2011 Saw Fewer Foreclosures

by Isaac Benmergui, Esq on January 24, 2012

Despite one out of every 261 homes in South Florida being in foreclosure and 182,000 statewide 2011 saw a more than 60 percent drop in foreclosures from the year before.

Looking ahead, RealtyTrack, which compiled the numbers, said 2012 may not hold brighter promise. Due to the fallout of the robo-signing scandal and the subsequent legislation put into place to protect homeowners, documentation and legal issues must be resolved before many homes slated for foreclosure can go that route.

These issues could result in a higher number of foreclosures posted for Florida in 2012.

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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