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.
This entry was posted on Wednesday, January 17th, 2007 at 3:01 am and is filed under Home Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.