Florida Ranks Second Among States With Most Foreclosures

Posted in General, November 13th, 2006 |

With 95,862 homes in foreclosure during the third quarter of this year, Florida is now second in the nation in the amount of homes in foreclosure, and number one in the southeast region of the United States.

However, it’s important to remember that this statistic shows merely the volume of foreclosure homes in the state, not the rate of foreclosure. Florida is a rather large state, so it is naturally going to have a higher number of foreclosures than say, sparsely populated Montana. However, this still means that Florida is a prime market for buying foreclosures. With many homes to choose from, and so many on the market, the foreclosure investor will find not only lots of options, but low prices as a result of the flooded market.

[via Orlando Business Journal]