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The American Empire in a Changing World



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Tuesday, August 30, 2011

Florida: 56,000 homes in Pre-Foreclosure

from the ledger.....

"There are almost 40,000 properties now in foreclosure in the Sunshine State. Almost 30,000 more are in the short sale process, which means homeowners are underwater on their homes and are trying to sell them for less than they owe the bank. Another 56,000 are in preforeclosures — homeowners are behind on their mortgage payments and are at risk of foreclosure. These are the short sales and foreclosures of tomorrow.

And this is the best it's been in four years".........READ MORE

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