Posted on Thursday, 03.12.2009
Foreclosures Update - Miami Florida real estate - Miami real estate
The latest statistics indicate that 1 out of every 5 Miami Florida real estate home loans are delinquent. Delinquent, meaning that Miami real estate
homeowners are either late on payments, in pre-foreclosure or foreclosure. About 9 % of the Miami Florida real estate
delinquent loans were actually in the foreclosure process. Florida’s 20% delinquency level surpasses the average delinquency rate of 12% for the rest of the US.
Miami real estate foreclosures
have increased drastically in the past 12 months creating a strain for Miami Florida real estate
homeowners and offering incredible buying opportunities for investors. Banks are also acting more rapidly to unload Miami real estate properties
at hugely discounted rates in order to clean up their balance sheets. Browse a list of Miami real estate offerings.