The Real Deal Miami

South Florida repossessions jump

January 22, 2009 01:46PM

Over 26,000 properties in South Florida went back to lenders in 2008, a 160 percent jump from 2007, according to data from Condo Vultures. The most repossessions occurred in Miami-Dade County, with 12,059, compared to 4,539 in 2007. Broward County had the second highest number of repossessions, with 10,072, and Palm Beach County ranked third, with 4,109 repossessions.