Florida leads the nation in completed foreclosures

| Oct 11, 2016 | Foreclosure |

From losing a source of income to an unexpected medical issue, there are a myriad of reasons why homeowners find themselves unable to continue making mortgage payments. In recent years, an alarming number of people in Miami-Dade and across Florida have found themselves in the middle of foreclosure. As a result, it is essential for people who are going through this to carefully evaluate their set of circumstances. For some, a solid foreclosure defense could help prevent eviction and allow familes to continue living in their home.

In an attempt to combat the large number of foreclosures in its state, the Florida Housing Finance Corporation provides a free program to assist those who are struggling with foreclosures. Each county in the state is covered and residents who are worried about losing their homes can receive counseling and other services.

According to a report that was released in September, there were more completed foreclosures in the Miami-Fort Lauderdale region than any other part of the state. In September, the region had more than 9,600 foreclosures. Furthermore, the state of Florida led the nation in the number of completed foreclosures over the course of the previous year, with 57,000 in all.

Preventing foreclosure may seem difficult or even impossible for some homeowners. However, those facing foreclosure may have a number of options and it is critical for people to do everything they can to avoid foreclosure. To ensure that the right steps are taken, many have found value in discussing the details of their case with a legal professional who knows how to handle foreclosures.

Source: Miami Herald, “State offers homeowners facing foreclosure a free assistance program,” Nancy Dahlberg, Sept. 30, 2016

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