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RealtyTrac issued its May 2012 U.S. Foreclosure Market Report

by Sarah M. Glaser, Esq., Associate, Saxon, Gilmore, Carraway & Gibbons, P.A.

The Report indicates that Florida has one of the nation’s highest increases in scheduled foreclosures since last year. This is an 83% increase in scheduled foreclosures since 2011. RealtyTrac says “more than 200,000 new foreclosures have been filed across Florida, at an average sales price of $120,500.” Miami-Dade County has the highest rate of foreclosure “activity,” with Palm Beach County in second place. “Activity” refers to new cases of filings, default notices, auctions and repossessions.” This increase in foreclosure activity in Florida puts an ever-increasing burden on judges and courthouse staff.

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