Miami-area foreclosures up 11% in May

Discussion in 'Economy' started by hvactec, Jun 24, 2012.

  1. hvactec
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    Foreclosures rose 11 percent in May in the Miami-Fort Lauderdale-Pompano Beach area, marking the sixth consecutive year-over-year increase, according to RealtyTrac.

    Foreclosure activity in the greater Miami area was down 18 percent in May compared with April.

    The year-over-year increases in foreclosures in the Miami area are expected to continue at least through the rest of 2012 as banks move ahead with foreclosures that stalled when various state attorneys general brought actions to protect consumers. Those cases settled and banks have a clearer path forward.

    Read more here: Miami-area foreclosures up 11% in May - Business - MiamiHerald.com
     

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