photo credit: Coast Guard BM
Foreclosures continue to rise in the Miami Dade area of south Florida according to recent homeowner activity on the website www.SaveMeFromForeclosure.com.
Recent reports indicate that foreclosures in Florida have increased 17.39% from February to March of this year alone. The Miami area continues to report high numbers of foreclosures monthly and reported some of the highest rates of foreclosure by state in 2008.
Miami’s foreclosure problem can be credited to a host of different issues that the rest of the nation faces including the current mortgage crisis and falling real estate prices. However, Miami’s higher foreclosure rate is also due to over building of new homes, high end condos and speculators investing in the area. The fall out of overbuilding is increased unemployment making it harder for the average homeowner to avoid foreclosure.
“Florida is one of the states hit the hardest by the recent mortgage crisis and real estate crash,” said Justin Lee, CEO of SaveMeFromForeclosure.com, LLC. He continued, “as foreclosure filings increase, homeowners need to find professionals to help stop foreclosure on these homes. We are doing all we can at to help homeowners who contact our office to keep their home. If they don’t qualify, we try to help them sell quickly.”
SaveMeFromForeclosure.com has local representatives in the Miami-Dade, FL county area who are trained professionals that understand foreclosure prevention and the local market. They work with homeowners personally to find the best solution to their foreclosure problems.
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