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Legal Commentary

: Discourse.net

Stark Foreclosure Data for 2009

By Professor University of Miami School of Law

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Via EYE ON MIAMI, some stark numbers on foreclosures in Miami-Dade county:

In the first 4 months of this year we have had 25,577 foreclosures in Miami Dade County. That is almost as many as we had the entire year in 2007 (26,391) and more than 3 times as many as we had the entire year in 2005 (7,829). During the same 4 months in 2008 we had 16,248 foreclosures, and ended 2008 with 56,656 total. If we keep up with the current trend, we will close 2009 with more than 75,000 foreclosures. If you add all the foreclosures between 2002 and 2007 (6 years) the total is 79,812. We could possibly reach that mark in one year!

Which is why doing something is so important….

Full post as published by Discourse.net on May 31, 2009 (boomark / email).

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