Florida Makes The Top 5 List Of States with Highest Foreclosure Rates

According to RealtyTrac’s latest U.S. Foreclosure Market Report, the foreclosure crisis is far from over, especially in Florida. The Sunshine State had the nation’s third-highest foreclosure rate in October 2015 when one in every 579 homes received a foreclosure filing — a 13 percent increase from the previous month.

    Florida’s foreclosure rate has ranked in the top 5 each month in 2015. There is a glimmer of good news though. Despite the October spike, there are about 23 percent fewer Florida foreclosures than a year ago..

    Florida also made the top 10 list of metro areas in the country with the highest foreclosure rates: Jacksonville at #6; Miami at #7 ; Palm Bay-Melbourne-Titusville at #9; and Tampa coming in at #10.

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    If you or someone you know is seeking legal guidance and representation from an experienced foreclosure attorney in South Florida, please contact Klein Law Group at (561) 220-6659 or fill out the contact form on our website at kleinattorneys.com. We offer a free 30-minute consultation to discuss your individual case in family law, bankruptcy, and real estate. Our offices are located in Boca Raton, West Palm Beach and Fort Lauderdale, Florida.