May 2010 showed a 49% decrease in the amount of foreclosure filings in South Florida compared to May 2009.
In May 2009, 8,350 foreclosures were initiated in the tri-county area. But last month, only 4,250 tri-county homes filed for foreclosure.
Foreclosure filings are down 50% in Miami-Dade County, 55% in Broward County, and 36% in Palm Beach County.
This decline in foreclosure filings is attributed to South Florida lenders' efforts to modify mortgages and accept short sales.
Showing posts with label foreclosure filings. Show all posts
Showing posts with label foreclosure filings. Show all posts
Tuesday, June 8, 2010
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