Pavilion from the Ocean

Pavilion from the Ocean

Welcome to

This forum, by owners for owners, provides useful information for owners to view and discuss.

This blog does not belong nor represents the views of the Pavilon Condo Association

You can subscribe to the blog by entering your email on the upper hand side on the blog. You will then receive an email with a link that you must click on to complete the subscription. Then every time the blog is updated you will receive an email message.

Foreclosure activity fell in Miami in latest quarter, but rose in Broward

Foreclosure activity in metropolitan Miami declined in the third quarter ended in September compared with a year earlier and the prior quarter, according to RealtyTrac.
Foreclosure activity — which includes initial filings, notices of sale and bank repossessions — fell 7.7 percent in greater Miami from a year earlier and was down 35.4 percent from the second quarter, the Irvine, Calif.-based data firm said.
Still, Miami’s foreclosure activity remained high in comparison to both state and national averages. During the third quarter, one of every 95 residences in greater Miami received some type of foreclosure filing, RealtyTrac said. That compared with one out of every 126 homes in Florida and one of every 348 residences nationally experiencing such activity, the firm said.
Nationally, foreclosure starts in the third quarter were at a seven-year low. Across Florida, foreclosure activity declined 7 percent from the prior quarter and 8 percent from a year earlier.
The metropolitan Fort Lauderdale area bucked the trend, with foreclosure activity rising 3.8 percent from a year earlier and 11.6 percent from the second quarter, RealtyTrac said.

No comments: