It seems that the foreclosure scene in Florida simply cannot catch a break. April’s numbers are in and Florida leads the charge in foreclosures once again. However, there is a silver lining to the story. The new foreclosure filings overall from year over year is down.
Approximately 1 out of 400 homes in Florida had some type of foreclosure activity on the property. That number is still extraordinarily high. The State of Florida is still trying to work through a massive backlog of foreclosure filings. While the normal foreclosure timeline is around 120 days many foreclosures in Florida taking up to 900 days.
Since the foreclosure timeframe in Florida is completely off base many banks most likely will be willing to work with you to get you back on track with your loan. Many banks will offer loan modification or a possibility of a short sale. If you are unsure which route to take, our office offers free consultations. If you have any questions on a foreclosure situation we want to help you.
We want you to seek help with your foreclosure in Florida. Out of all US metro areas that have a population of 200k residents or more, 11 of the 20 cities were from Florida. Chances are you live in one of these metros and may have a friend or family member who is experiencing a foreclosure.
Remember, live life and leave legal stuff to us. If you are experiencing any legal troubles please let us know, we want to help you.