Miami-Dade Foreclosure Filings Since 2002

A friend of mine passed along the following statistics that were disclosed by Miami-Dade County. I found the statistics to be quite compelling and felt that my readers might find these numbers to be of interest as well. It is worthy to note that these numbers indicate that we are on pace to surpass the highs in foreclosure filings in 2002. That isn’t a bit surprising given the state of the real estate market.

These numbers only represent a mid-half report for 2007. As a sizable amount of adjustable-rate mortgages are scheduled to reset in the following three months, I’m sure that we’ll surpass previous year foreclosure filings. Foreclosures usually take about 6 months, so I’m expecting that foreclosure filings will peak in 2008.