Foreclosure Florida  

Here's a snapshot to the Foreclosure Process in Florida

 Homes in foreclosure: 237,187
 Pct. foreclosed homes vacant: 23%
 Foreclosure rate:1/383

Since the beginning of 2008, home prices in Florida have fallen by more than a quarter, more than every other state except Nevada. Homosassa Springs, Florida, has the highest rate of foreclosure vacancies in the country among large metro areas, with over 40% of foreclosed homes vacant. The state has more than 50,000 vacant foreclosed homes, over a third of the total for the country. Second-place Illinois has only 15,585 zombie homes. The state’s long foreclosure process has likely contributed to the number of homes remaining in foreclosure, as well as the percent of homeowners opting to give up on their foreclosed property. Florida takes 907 days on average for home to be foreclosed, the third longest process in the country.

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