'''Florida has the Highest Forclosures Rate'''

Interesting news.!!!!

Despite the fact that the Florida Market has shown major improvements in prices and sales volume, Florida has the largest foreclosure volume in the Nation…..Make you say ”Hmmm” according to CoreLogic, no other state was even close.

 The foreclosure fiasco has been going on for 5 years and there is still a s ugh amount of foreclosures, so what about all the modification that were supposed to take place. Stay tuned for that UPCOMING  post.

During the last 12 months, 17% of all foreclosures were in Florida; according to the Irvine, Calif.-based data firm 111,000 of the 658,463 foreclosures were in Florida.

 Michigan ranked No. 2,60,000 foreclosures, and

No. 3 California wrapped up 58,000 proceedings during the period.

No. 4 Texas, with 43,000 foreclosures finalized, and

 No. 5 Georgia, where 40,000 were finished


According to, Corelogic s7.9 percent of mortgaged homes in Florida were in some stage of foreclosure in August. New Jersey ranked second among the states, with 6.2 percent of all its mortgaged residences in foreclosure. New York had 4.9 percent; Maine, 4.0 percent; and Connecticut, 3.9 percent.

Florida also had the highest rate of seriously delinquent mortgages in August with 12.4 percent of its mortgages past due for 90 days or more. That was more than twice the national delinquency rate of 5.3 percent of loans, Corelogic said.

Is it the banks responsibility to keep owner in their homes? That’s an argument that has been going on for years.

Ainsley Daux is a Licensed Realtor in Florida, he specializes in short sales, working with first time home buyers, working with investors, and selling Florida Homes.


Ainsley Daux

 Florida Realty

Lic Realtor

(813)546-1954