Miami Foreclosure Filings May Have Peaked (But Liquidation Phase Remains)

posted on March 11th, 2010 filed under: Real Estate Market Data

The good news for Miami and Coral Gables real estate optimists is that the pace of foreclosure filings is probably in the process of receding.

Miami Foreclosure Filings Chart -- Annual

Miami Foreclosure Filings Chart -- Monthly

Filings, however, are just the first step in resolving nonperforming loans.  The mortgage holder still needs to either modify the delinquent borrower’s loan to the point that the borrower can handle the payments, or repossess and sell the property.

It ain’t over ’til it’s over.

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posted by // This entry was posted on Thursday, March 11th, 2010 at 10:40 am and is filed under Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

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