Cuevas, Garcia & Torres, P.A.
contact Our Firm Today

Southwest Florida saw decline in foreclosures during 2016

Like the stock market, the foreclosure rate goes up and down and depends on a smorgasbord of factors. Also, foreclosures can have serious consequences for those who own a home and even some who rent property. When it comes to foreclosure, entire families may have their lives spun upside down, which underlines how vital it is for people to approach foreclosure properly. In Miami, and elsewhere in Florida, the way that people handle foreclosures and the outcome of foreclosure actions can have a significant impact on their futures.

According to recent reports, Southwest Florida saw a sharp decline in the number of foreclosures over the course of 2016. In fact, there were fewer foreclosures in the area during 2016 than at any time since 2006, before the recession began. Across the entire state, there were still more than 106,900 properties that had foreclosure filings in 2016.

Experts say that the number of foreclosures throughout 2016 represents a return to normalcy regarding the number of homeowners who find themselves in the middle of a foreclosure. In comparison to 2015, there was a 44 percent decrease in the number of foreclosures. However, with 1.18 percent of Florida homes distressed, only three states had more foreclosure filings over the course of the year.

Although foreclosure can be a highly stressful topic that some homeowners struggle with, there may be options on the table. Sometimes, those who are trying to handle a foreclosure make the decision to speak with a legal professional, which could be an excellent way to figure out the most sensible path forward.

Source: Herald-Tribune, "Local foreclosure rates lowest in decade," John Hielscher, Jan. 12, 2017

No Comments

Leave a comment
Comment Information
The Florida Bar | 1950 American Bar Association DADE County Bar Association | 1916 Orange County Bar Association Coral Gables Bar Association American Immigration Lawyer Association

Contact Us Today. Call 877-801-4135 or complete this form to schedule a consultation with our legal experts.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Offices Conveniently Located in Miami And Orlando
Google+ Facebook

Miami Dadeland Office
7300 North Kendall Drive
Suite 680
Miami, FL 33156

Toll Free: 877-801-4135
Phone: 305-461-9500
Fax: 305-448-7300
Map & Directions

Midtown Miami Office
3401 North Miami Avenue
Suite 209
Miami, FL 33127

Toll Free: 877-801-4135
Phone: 305-461-9500
Fax: 305-448-7300
Map & Directions

Orlando Office
801 North Magnolia Avenue
Suite 221
Orlando, FL 32803

Toll Free: 877-801-4135
Fax: 786-362-7127
Map & Directions

Email This Office