Florida Current Staff |
“Florida once again led the nation in its foreclosure rate for the first six months the year, according to a report released Thursday by RealtyTrac, a California-based company that tracks foreclosed properties.
The Sunshine State had one foreclosure filing — a default notice, scheduled auction or bank repossession — for every 58 housing units in the first half of 2013. That’s an 11.5 percent increase over the same period last year and more than double the national rate.
The average foreclosure takes 907 days, the third-longest in the nation. But a new law designed to speed up foreclosures, HB 87, took effect this month.”