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Deserted homes blight Florida’s improving market

    Home Florida Law Deserted homes blight Florida’s improving market
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    Deserted homes blight Florida’s improving market

    By joncoats | Florida Law, Foreclosure Law, Loan Modification, Real Estate Law, Short Sale | Comments are Closed | 12 July, 2013 | 0

    TheRealDeal.com |

    “Tens of thousands of Florida homeowners have abandoned properties threatened by foreclosure, a dark spot in the Sunshine State’s otherwise brightening real estate market, the Palm Beach Post reported.

    Inline image 1

    About 55,000 Florida homes with defaulted mortgages are deserted, nearly one third of the national total and more than triple second-place Illinois, which has 17,642 vacant foreclosed homes, the Post said.

    With a count of 13,901, South Florida is second among metropolitan areas nationwide for deserted, foreclosed homes behind Chicago, according to a recent report by Irvine, Calif-based RealtyTrac.

    RealtyTrac measured 167,680 abandoned foreclosures nationwide.”

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