The state of Florida, in southeast America, is a peninsula that ventures into the ocean and flirts with the Atlantic Ocean on one side and the Gulf of Mexico on the other.. Most of Florida enjoys a sunny tropical climate that attracts people from everywhere. Today the grim numbers of Florida foreclosure listings is causing an exodus from houses that were once homes – where people lived, loved and died. The plateau of Florida is porous and there are many underwater caves and springs.
Florida foreclosure listings have come stalking like the proverbial big bad wolf. Its huffing and puffing is bringing down homes leaving behind the skeleton of bricks and mortar that are vacant threatening houses and no longer a place where kitchen fires are lit. Florida foreclosure listings have hit the state hard.Looking at the Florida foreclosure listings the only piece of latest good news is that although the picture is dark, Arizona has crossed Florida in foreclosure rates. Florida foreclosure listings make the state rank fourth in rate among the worst offenders nationwide in the foreclosure race.
According to RealtyTrac there had been 35,264 Florida foreclosure listings (units being in some stage of foreclosure) in April. This is 16.6% increase from March and over 146% from the previous year. The number of Florida foreclosure listings makes Florida the second highest in the nation.
Across the country foreclosures have hiked by 4% from the previous month and 65% from the previous year during the same month. The number of properties affected is 243,000. RealtyTrac has started counting since 2005. So far these are the highest Florida foreclosure listings recorded.
In the country 2% of the houses are in foreclosure but this has led to an increase in the number of houses waiting to be sold. This increase in supply has led to a downward pressure in house valuation. It is the same in Florida. The increasing number of Florida foreclosure listings has led to decrease in house prices. The onward unrelenting march of Florida foreclosure listings has led to fall in tax collection that has put municipal budgets into difficulties. Florida foreclosure listings have led to many houses lying vacant after the owners are evicted. These attract crime and create health problems. The situation is of such gigantic proportions that the local administrative bodies on a shoestring budget are not equipped to deal with it. Florida foreclosure listings are creating havoc to the socio economic structure of Florida.
