“HARP Mortgage Lenders, a national network of mortgage professionals who are approved for the Home Affordable Refinance Program , reported that recent Florida foreclosure rates are improving, but some counties are still swimming in waves of foreclosures and HARP 2.0 may just be the solution to their problem.
According to RealtyTrac (the leading online marketplace for foreclosure properties and real estate data), released its U.S. Foreclosure Market Report as of June 2013 for April 2013, showing as a nation; the number of properties that received a foreclosure filing in the United States was 14 percent lower than the previous month and 35 percent lower than the same time last year. Florida alone (as of June of 2013), resulted in foreclosure filings 15 percent lower than the previous month and 13 percent higher than the same time last year.
Also based on recent RealtyTrac report as of April 2013, the top 5 counties with the highest number of foreclosure filings in Florida are:
Miami-Dade = 1 in every 195
Okeechobee = 1 in every 208
Clay = 1 in every 228
Palm Beach = 1 in every 231
Duval = 1 in every 241
Negative equity data report provided by CoreLogic (analytics and business services) for the past three years the recorded analytics shows a trend of improvement for Florida in Refinancing with HARP, negative equity for the state alone towards the end of 2011 was at 44.2 percent, decreased to 40.2 for the last quarter of 2012, and a significant drop in the first quarter of 2013 with 38.1 percent as of June 12, 2013.
Based on reports provided by the Federal Housing Finance Agency (FHFA)released on June 12, 2013 ( as of April 30, 2013), Florida alone resulted in 225,447 refinance loans since inception of HARP with 72,154 out of that number having LTVs greater than 125 percent.”