On October 4, 2010 Realty Trac reported that “Florida foreclosure activity decreased, year-over-year, for the fifth straight month in August, but the state’s foreclosure rate still ranked second highest among all states.”
This August, The number of Florida housing units receiving a foreclosure filing went up 10 percent when compared to July, accounting for nearly 17 percent of the national total, and 2.5 times the national average. According to Realty Trac, two Florida metropolitan statistical areas had foreclosure rates among the nation’s top 10: Cape Coral-Fort Myers, at No. 3, and Miami-Fort Lauderdale-Pompano Beach, at No. 5.
We are surprised to see so many properties continue to fall to foreclosure month after month. At Gaitan Morales, we have worked with clients across the states of Florida, New York, New Jersey and others to prevent foreclosures through alternatives like loan modifications and short sales. It is our job to remain informed of new loan modification programs offered by banks and the federal government. Through the constant introduction of new assistance programs, as well as a keen understanding of how lenders evaluate modification packages, our firm continues to help clients qualify for loan modifications, thereby avoiding foreclosure. In those occasions when a foreclosure cannot be prevented, or is already in progress, attorney Rafael A. Gaitan assists clients in their understanding of state and federal foreclosure laws.
To further discuss your home retention options, you may contact Mr. Gaitan at email@example.com.