25% of the Nation’s Foreclosures are in Florida

Just a quick update here…
The beleaguered Florida housing market remains beleaguered, according to an article by Toluse Olorunnipa from yesterday’s Miami Herald. An amazing 25% of the nation’s foreclosure are in Florida. About 1 in 7 Florida homes with a mortgage was in foreclosure in the fourth quarter of 2010. Nearly 1 in 5 homes are either in foreclosure or delinquent.
Michael Fratantoni, VP of the Mortgage Bankers Association commented:
“Paperwork issues” is a quaint way of putting it. Kind of like
Now married with two children, 34-year-old Elfassy’s never-say-die philosophy has helped him become a top contender on Toronto’s real estate scene, after just over two years in the business.
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