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

by | Nov 17, 2015

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 www.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.

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