Miami Mortgage Foreclosures Jumped 97% In Q3 2006
January 17, 2007 |
Posted By Editor
Comments / Questions (0) |
Of the 20 top metro areas on a list of 100 U.S. metropolitan areas, Miami posted the highest increase in mortgage foreclosures in the 3rd quarter last year.
One out of every 91 households in the Miami metropolitan area ended up losing their home in a mortgage foreclosure.
Many investors backed out of their speculative purchases in the 3rd quarter which likely contributed to the spike in Miami mortgage foreclosures.
Post A Comment / Question