South Florida Foreclosures Are Skyrocketing Thanks To The Florida Supreme Court

South Florida Foreclosures Are Skyrocketing Thanks To The Florida Supreme Court

South Florida Foreclosures By Numbers

South Florida Foreclosures A new study by Attom Data Solutions shows that South Florida foreclosures are skyrocketing.  Florida had one of the highest rates of foreclosure starts in the United States in August compared to the same period last year.
The report shows one in every 1,180 households in Florida had a Lis Pendens and foreclosure action filed against it. This is a 35% increase from the same time last year.
Only New Jersey, Delaware, and Maryland had higher rates of foreclosure starts.
The Attom study also shows the number of foreclosure starts in Miami-Fort Lauderdale-West Palm Beach jumped 29% in August. This also is the fourth consecutive month of year-over-year spikes in foreclosure.
The spike in foreclosure starts in markets such as Miami-Dade. Miami-Dade is plagued by income inequality and stagnant wages that continue to worsen. This could be a sign of a worse problem.

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