The foreclosure filings in Miami-Dade are down. There have been many reasons why they are down. One reason is that the banks had to get their paper work in order in order to avoid potential lawsuits , another reason is that banks are modifying mortgages and banks are approving short sales faster. The shawdow inventory is still looming out there in the U.S. Depending on what metrics you use there is about 9 months of shadow inventory on the market Some are areas of the U.S.A are worse than others.
Keep in mind that a filing is just the beginning of the foreclosure process and many of these filings never make it to court. Hopefully, this is a trend that will continue to be positive.
Miami Dade Foreclosure Filings 2011
Miami Dade Foreclosure Filings 2010
Miami-Dade Foreclosure Filings 2009
Miami-Dade Foreclosure Filings From 2003 to 2008
If mortgage payments are dragging you down go to MiamiHousingFacts.com
