Despite foreclosure rates dropping for five consecutive months, 56,877 homes- that's one in every 155 homes- in Florida received foreclosures warnings in August. That is over twice the national average. Florida has the second highest foreclosure rate nationally, ranking ahead of only Nevada.
This is great news for buyers. The availability of attractive properties that are selling at a discount is greater than in 48 other states! If you are thinking about buying, now is a great time to buy a home. In fact, many homeowners can now afford their dream home that just a few years ago was totally out of their price range.
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