Thursday, July 16, 2009

Orlando Foreclosure Filings Fall 24 Percent

Foreclosure filings in the Orlando area fell by 24 percent from May to June, with Orange and Osceola counties recording the biggest declines, according to the latest report by a national tracking firm.

Florida overall remained one of the most foreclosure-wracked states in the country last month, trailing only Nevada and Arizona, according to Realtytrac Inc., the California-based research company.

"Things are moving," said Altamonte Springs lawyer Matt Englett, who specializes in foreclosure cases. "The lenders are getting their acts together. They're a lot better than they were a year ago. The judiciary in the whole state now understands how foreclosures should be treated.

"In four-county Metro Orlando, one in every 132 households faced some type of foreclosure-related legal action in June, Realtytrac said. That compares with one of every 75 homes in the hard-hit Fort Myers area and one of every 424 homes in Gainesville, home of the University of Florida. complete story

Source: Orlando Sentinel - Mary Shanklin

No comments: