The Real Deal Miami

Landlord woes hit South Florida tenants

June 06, 2008 11:20AM

Many landlords who bought at the peak of the boom are now defaulting on their mortgages, leaving tenants at risk of having their homes foreclosed on. The chance of leasing a Florida home or condo in foreclosure is rising, as 13.5 percent of Florida’s 3.5 million home loans were past due or in foreclosure in the first three months of 2008, according to the Mortgage Bankers Association. Tenants can learn the name of a property owner by entering the property’s address on the Web site of the Palm Beach County property appraiser, and landlords’ mortgage and foreclosure filings are available at the Palm Beach County clerk’s Web site.