Florida Needs Closure on Foreclosure

For most, the month of August means taking a last minute vacation to the beach, packing an umbrella for rainy days and sending children back to school. This year, August provided an additional headache. For residents in the Tampa-St. Petersburg-Clearwater metropolitan area, 1 in every 527 houses was in some phase of foreclosure for the month of August.

"Although considerably lower than a year ago, Tampa still leads the highest foreclosure rate of the nation's 20 largest metro areas," according to RealtyTrac.

When compared to the overall state of Florida, 1 in every 596 houses were in foreclosure. Nationwide, August foreclosures was at a 6% decrease since the last year.

You are one of many if you have personally dealt with a foreclosure in the past 3 years. Florida continues to have the nation's highest foreclosure rate, which began in 2013 and continued in 2014.

Luckily, Florida has recovered since the year 2010 where 1 in every 20 houses was in foreclosure.

We at Timothy J. Sierra Attorney at Law would like to state that our blog posts and links, on our web page or any other social media outlet, to any other web pages are not intended for legal advice. We are not responsible for third party website information. If one is in need of legal advice please contact an attorney directly.

Source: Tampa Bay Tribune | Foreclosure