Archive for December 28th, 2010

Florida – the Epicenter of the Foreclosure Crisis

When I talk to friends in other states, they often can’t understand the extent of the foreclosure problems in America.  As I saw this map, I realized why – the impact in Florida is greater than just about anywhere else.  Think about those figures – nearly one in five houses in the biggest portions of Florida are in foreclosure. 

To everyone who thinks the courts should just keep “pushing through” foreclosures, let me ask you this – what is Florida going to look like when banks own 20% of all real estate in Florida? 

Leading Democrats such as Senate Majority Leader Harry M. Reid (D-Nev.) whose state was hit hard by the real estate downturn, have called on lenders to halt foreclosures.

Mark Stopa

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