Florida’s foreclosure crisis far from over

Foreclosure. over from the last housing crisis is still winding its way through a labyrinthine foreclosure process." Legacy foreclosures – those originated between 2004 and 2008 – accounted for 55.

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Despite what you may have heard, the foreclosure crisis is far from over, especially in Florida, which leads the nation, more than 300,000 cases still pending, another half-a-million homeowners.

The mortgage crisis affected many Florida families, with the market plummeting 10 years ago. Many residents lost their jobs and were unable to pay for their mortgages as their incomes were drastically cut. As a result, home foreclosure levels increased significantly. A recent article reflected on the impact these foreclosures had on the state.

Rhode Island’s Foreclosure Crisis Far From Over. Tuesday, July 23, 2013.. says steady improvements in the slow-motion foreclosure crisis shouldn’t be expected before the second half of 2015.

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For our Making Sen$e story about Florida foreclosures, we met a man named David who had to hand over the keys to his house for cash. At $120 a night during tourist season, though, there’s only so.

New York’s foreclosure crisis is far from over, but some welcome signs of hope have recently emerged. Attorney General Eric Schneiderman’s announcement that the national "robo-signing" settlement would bring $136 million in foreclosure prevention funding to help struggling homeowners was important news.

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Tampa, Florida foreclosure is at a pretty high rate right now. People everywhere are suffering an economic crisis that is causing many homeowners to face this situation, but Tampa foreclosures are suffering a huge increase in numbers after about a decade of skyrocketing appreciation, so the fall is pretty hard on residents in this area.

New foreclosures may be back to nearly normal, but the mess from the epic housing disaster in the last decade is far from gone. of deferred distress from the last housing crisis is finally spilling.

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Already, banks have foreclosed on more than 4 million homes since the crisis began. Soon after, she packed up and decamped to Florida with her three. Though the crisis had spread far beyond real estate, mortgages like.