Both Nevada and Florida continue to lead the nation in mortgage delinquencies. According to recent news reports, Florida’s mortgage delinquency rate is at 14.5% and is only surpassed by Nevada at 14.76%. The delinquency rate is often seen as a precursor to foreclosure. And both Florida and Nevada are among the nation’s leaders in foreclosure filings.
Indeed, 21,671 Florida properties fell into foreclosure in January. The reason that number is down is because of the impact from the recent robo-signing allegations, and other issues related to foreclosures in Florida.
For instance, allegations of robo signing, fraud, documentation errors, issues with process servers, problems servicing loan modifications, and other similar issues, have prompted many lenders to slow down the foreclosure process which in turn has slowed down the housing recovery. Florida’s Attorney General eventually announced an investigation into these alleged practices.
Consider Your Options. Contact Us Today.
We have been successful in defending many foreclosure cases when given an opportunity to develop a plan to properly defend the foreclosure.
Our Miami foreclosure defense lawyers have assisted many homeowners in buying enough time to reach the solution that is right for them. There are many alternatives to foreclosure, and often times it just takes proper planning to properly navigate against the potential pitfalls. Help is often available to those who seek it.
Call us today toll free at 1-866-518-2913 or at 305-263-7700.