Nevada, Arizona and California now trail Florida on the foreclosure list.
According to a survey released Thursday, by the Washington-based Mortgage Bankers Association, Florida ranks top nationally for delinquent and foreclosed loans.
One in five Florida home loans is behind in payments or in foreclosure. One in every 155 Florida homes received a foreclosure filing during the month, 2.5 times the national average. And for the second straight month, Palm Beach County ranks first in state in foreclosure activity.
Earlier this week I read that 40% of Palm Beach County homeowners in foreclosure skip mediation and that Palm Beach County isn't alone in its struggle to contact borrowers, they have been more successful than both Broward and Miami-Dade counties. This means that more than 40% of Broward and Miami-Dade counties homeowners that are in foreclosure skip mediation. The American Arbitration Association, which handles Broward County's program, reports that as of July 1 it has been unable to reach 70 percent of eligible homeowners.
India Johnson, senior vice president for the American Arbitration Association said one problem is that people who are negotiating for a loan modification believe they don't need mediation.
"I believe that the high rate of homeowners not participating in mediation is due mostly to the banks claiming that the foreclosure is on-hold while they are under review for modification, said Boca Raton foreclosure defense attorney, Deborah A. Carman. "The banks business side and legal side simply don't connect and the sad reality is in most cases where the homeowner tries to negotiate a loan modification on their own without hiring a Florida foreclosure defense attorney the mortgage modification process forces them into foreclosure."
She went on to say that "by not hiring a Florida foreclosure defense attorney to represent them and then refusing to participate in mediation, Florida homeowners are allowing their foreclosures to go uncontested. This is an easy victory for the banks and their lawyers, and they know it!"
Broward and Palm Beach counties are like the ground zero for the foreclosure mess and homeowners are, at this point, just throwing their hands up and walking away!
Don't allow your foreclosure to go uncontested, FIGHT BACK!
If You're Feeling Overwhelmed - Consider Hiring the Carman Law Firm
When you work with us, you will be working with a team who believes in bringing you all the information and skills we can. We consider it our duty to help you analyze your situation, and we will provide you with every detail to ensure you make the most informed decision. We can also assist you with settling your credit card debt for pennies on the dollar and provide active credit repair, helping your credit score rise as quickly as possible after a short sale or strategic default.
The Carman Law Firm can assist those in need of debt and mortgage relief. With many options available and trusted answers to questions that someone might have about regarding credit card debt, short sales, loan modification, foreclosure and strategic default.
Begin protecting your family's best interests today; Call the Carman Law Firm at 1-800-763-0775 for an informative and free comprehensive consultation on how the Carman Law Firm can help you.