The Real Deal Miami

South Florida foreclosures rising

October 16, 2008 03:43PM

Lis pendens foreclosures — or formal notices that begin the foreclosure process — were up more than 13 percent between August and
September in South Florida, with a total of 13,298 lis pendens
foreclosures listed in September, Default Research, which provides
South Florida pre-foreclosure listings, reported today. In Miami-Dade County, 3.39
percent of homes are in foreclosure, with the numbers highest in Miami
and Hialeah. The national average is 2 percent.