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Making your mortgage payment on time can prove to be difficult if you are having financial troubles. When you are unable to make your mortgage payments, you will likely face foreclosure on your home unless you take proactive steps to stop foreclosure proceedings. Homeowners in south Florida might be interested in learning that foreclosure rates and mortgage delinquencies of 90 days or more have fallen in the year ending in October 2013.

In Broward County, mortgage loans that were delinquent at least 90 days dropped to 13.21 percent from 17.59 percent in the past year. The rate of foreclosures in the county dropped from 12.04 percent to 8.14 percent.

These figures also dropped in Miami-Dade County. The 90-day delinquency rate dropped from 21.66 percent to 15.69 percent, and the foreclosure rate in the county dropped to 9.19 percent from 15.06 percent.

Palm Beach County saw reductions in the same rates with the 90-day delinquency rate falling from 15.63 percent to 11.34 percent. The foreclosure rate in this county fell from 10.89 percent to 6.9 percent.

While these numbers seem promising for south Florida residents, they are still far above the national foreclosure rate, which is at only 2.15 percent.

If you are finding it difficult to pay your mortgage and need to figure out how to stop a foreclosure on your home, a Florida bankruptcy attorney might be able to help you determine suitable steps to protect your home. These professionals can help you understand the foreclosure proceedings, as well as your rights and responsibilities for mortgage modifications, bankruptcy or other avenues.

Source: South Florida Business Journal, “Foreclosure rate falls – again – across South Florida, CoreLogic says” Brian Bandell, Dec. 23, 2013