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

How is Florida’s foreclosure rate at the end of 2015?

Ever since the housing market crash, Florida has held the dubious honor of being one of the top states suffering from foreclosures and other major financial issues. If you faced a foreclosure in Miami or elsewhere in the Sunshine State at any point during the past few years, you were far from alone.

As we’ve brought up in recent blog posts, the foreclosure rate has been dropping in Florida, which is good news if you’re trying to get back on your feet. Financial experts are claiming that fewer people are unemployed in Florida, as well as the rest of the country, and the economy continues to improve. According to the Herald-Tribune, the state’s foreclosure backlog is also being addressed and Florida homes are more in demand, leading to a dramatic improvement in the numbers of vacant homes in limbo.

While this news is encouraging, where does our state’s foreclosure rate currently stand? A report by RealtyTrac revealed that Florida had the No. 3 spot in the country for foreclosure filings by the end of November 2015, and all year had about double the number of foreclosures than the rest of the country. Even so, we had 29 percent fewer foreclosures overall in 2015 than we did last year.

We can’t predict what the future will bring if you own or plan to purchase a home in Florida in 2016. However, the facts above may signal a brighter future for owning a home here, whether you are just starting out or plan to retire in the state.

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