Breaking Florida Foreclosure News

954 Foreclosure Attorneys have some news about Florida’s foreclosure rate. It’s actually pretty low right now compared to previous years, but there have been some concerning signs lately.

According to a report by ATTOM Data Solutions, there was an increase in foreclosure filings in Florida in January 2023. Over 3,500 properties received a foreclosure filing, which is a 29% increase from the previous month and a 77% increase from January 2022. Yikes!

Experts think this increase might be because of the end of pandemic-related foreclosure moratoriums. During the pandemic, homeowners were protected from foreclosure, but now that the moratoriums are ending, some homeowners might be struggling to make their mortgage payments. Rising interest rates and home prices could also be factors.

Despite these concerns, the Florida housing market is still doing pretty well overall. Home prices are going up, and there are still plenty of buyers looking for homes. But if you’re a homeowner in Florida and you’re worried about foreclosure, it’s important to stay aware of your options and seek help if you need it.

Remember, there are people out there who can help you navigate this tough situation, like the qualified foreclosure defense lawyers at 954 Foreclosure Attorneys. With the right guidance, you can protect your home and your finances, and come out of this situation stronger. Are you in or about to be in foreclosure? Call us today @ 954.237.7740 to explore your options by speaking with a skilled Florida foreclosure defense lawyer.