South Florida Foreclosure Alert! South Florida Foreclosures Spike By 109 Percent! Only 2 other Markets Rank Higher
SOUTH FLORIDA FORECLOSURE ALERT! ATTOM Data Solutions is reporting that nationwide foreclosure filings are skyrocketing by double digits. They have increased 13% month over month in October. This is also the highest level of 2019. ATTOM Data Solutions’ latest U.S. Foreclosure Activity Report does not paint a very pretty picture for south Florida namely the Miami-Fort Lauderdale-Palm Beach market.
Foreclosure starts also rose monthly in 36 states. In addition, this also marks the first double-digit month-over-month increase since February 2018. The metro of Minneapolis-St. Paul market saw the highest increase in foreclosure starts in October. They surged 189% month over month. Foreclosures in the Cincinnati, Ohio-Kentucky-Indiana market skyrocketed 111%. This was followed by Miami-Fort Lauderdale-West Palm Beach which saw a 109% spike.