South Florida’s foreclosure debacle worsened last year, and the outlook for 2009 isn’t any rosier as the economy deteriorates and the region’s unemployment lines get longer.
Broward County Click here for restaurant inspection reports had 47,387 homeowners in some stage of foreclosure in 2008, a 128 percentÖ increase over 20,805 a year earlier, according to figures being released today by RealtyTrac Inc. of Irvine, Calif. Broward had the nation’s sixth-highest annual foreclosure rate, with one in 17 homes being taken back by the lender. In Palm Beach County, 23,339 homeowners faced losing their properties to foreclosure last year, up 97 percentÖ from 11,904 in 2007.
Nationally, 3.2 million foreclosures were filed in 2008, an 81 percent increase from 2007 and a 225 percent increase from 2006. Nevada had the nation’s highest foreclosure rate, and Florida was second with one in 22 of its houses and condominiums falling into foreclosure last year.
Click here to read the full article…
