Tampa Bay foreclosures increase 33%

Tampa- According to the Tbt, foreclosures increase 33% percent last month. Banks continue to schedule more houses for courthouse auctions but the bay area is not alone.

In Florida, lenders notified 10,655 homeowners that their houses will be sold in court. According to Realty Trac locations include: Miami-Fort Lauderdale recorded 4,193; Tampa Bay at 1,119; Orlando-Kissimmee, 1,093; and Cape Coral-Fort Myers, 441.

On a more positive note, the increase in auctions will help to rehabilitate the housing markets. The housing market cannot recover until the foreclosure backlog is cleared.

It seems this problem will be with us for a while according to Scott Brown, chief economist with Raymond James in St. Pete.

If you are in the process of a foreclosure or you recently have been served with a summons, please contact your Tampa Real Estate attorney today. What does foreclosure mean? Can a foreclosure be stopped on your home? Can you save your home from foreclosure? Call us today and we will assist you in the right direction during this unfortunate time. Think quick, call Blick. 813-931-0840

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