Florida's foreclosure start rate remains high. The state recorded 2,438 new foreclosure starts in November, second only to Texas. This volume surpassed key states like California, New York, and Pennsylvania, reinforcing Florida's position as a critical point of interest for foreclosure activity.
Mortgage Foreclosure: The foreclosure rate for Miami-Dade is the highest of the seven Sun Belt counties included in this report. More than 26,000 households were foreclosed upon in Miami-Dade County over this three-year period, a foreclosure rate of 3.1 percent.
How Long Does Foreclosure Take? In Georgia, the foreclosure process can vary depending on your circumstances. However, on average, it takes about one to three weeks to complete. If your property was sold at a foreclosure auction, the eviction process takes about 14 to 30 days.
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In California, the previous owner has a time window of 60 days post-foreclosure sale to clear their belongings from the property. If this timeline elapses without the removal of their belongings, the new owner has the right to dispose of them as they see fit.
South Florida also has the 17th highest rate among major metros, with one out of every 930 under foreclosure. Within the tri-county area, Broward has the largest share of properties under foreclosure: 1,059, or one out of every 812 properties, a year-over-year increase of 7.29%.
The report also stated that in July 2024, out of the 224 metropolitan statistical areas with populations of at least 200,000, Provo-Orem, UT had the highest foreclosure rates (one per 940 housing units), followed by Macon, GA (one per 1,167), Spartanburg, SC (one per 1,895), Columbia, SC (one per 1,587), and Atlantic ...
You may be able to remove a foreclosure from your credit report if: The foreclosure is more than seven years old. The lender is no longer in business. You have a voluntary dismissal. There is a lack of available records.
Call 311. By dialing 311 or 305-468-5900 (outside Miami-Dade County), you can receive personalized customer service in English, Spanish or Haitian Creole.