South Florida Foreclosure Filings Top 200,000 since 2007

Dec. 16, 2009 - PRLog -- The South Florida region surpassed 200,000 foreclosure filings during the week of Dec. 14, ending the day Tuesday, Dec. 15, at 201,408 combined actions in Miami-Dade, Broward, and Palm Beach counties, according to CondoVultures.com.

"South Florida has experienced 33, 000 foreclosure filings in 2007 and an additional 75,000 foreclosure filings in 2008," said Peter Zalewski, a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures® LLC. "With 92,000 foreclosure actions already filed so far in 2009, it is reasonable to expect that in the last two weeks of this year the total number should surpass 97,000 filings."

The Condo Vultures® Foreclosure Database™ provides the most up-to-date list of foreclosure actions (Lis Pendens and/or Notices of Default) in South Florida's volatile real estate market.

With practically every foreclosure action filed in South Florida since 2007, the  Condo Vultures® Foreclosure Database™ provides users critical context on projects, lenders, and borrowers.

The Foreclosure Database™ enables users to quickly pull up customized lists of addresses, owners, lenders, loan amounts, judgment amounts, and more.

For the first-time ever, Condo Vultures® is making this valuable resource available to subscribers on a monthly basis for just $49.99 for 30 days of unlimited access.

On a county-by-county basis, Broward County, where Fort Lauderdale, Hollywood, and Pompano Beach are located, has experienced the greatest number of foreclosure actions with more than 87,000 filings since 2007. This represents 43 percent of all foreclosure actions filed in South Florida.

Palm Beach County, where Boca Raton, Delray Beach, and West Palm Beach are located, ranks second with nearly 59,000 foreclosure filings in the last three years. Palm Beach County accounts for 29 percent of the actions filed in South Florida.

Miami-Dade County, where Miami Beach, Coral Gables, and Sunny Isles Beach are located, ranks third with more than 54,000 foreclosure actions filed since 2007. This represents 27 percent of the regional total, according to CondoVultures.com.

The foreclosure situation in South Florida will be explored in-depth at the upcoming Condo Vultures® seminar, "2010 South Florida Real Estate Projection For Condos, Houses, Bulk, and Financing”.

The event will be held at 5:30 p.m. at the Doubletree Grand Hotel in downtown Miami.

Nationally-recognized real estate analyst Michael Y. Cannon, Managing Director of Integra Realty Resources in Miami has confirmed his participation on the panel, which will forecast the South Florida condo, housing, bulk and financing markets in 2010.

The event will include a networking session. The presentation will be followed by a questions and answers period.

Registration is required. Admission is $25 in advance, and $30 at the door. Credit cards and cash will be accepted.

For more information, please visit the Upcoming Events page of CondoVultures.com or contact CondoVultures.com executive editor John Fakler by phone at 800-750-0517 or by email at JFakler@CondoVultures.com.

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Condo Vultures® LLC is a Bal Harbour, Fla.-based consultancy and publishing company focused on collecting, analyzing, and communicating intelligence on the South Florida real estate market.