According to RealtyTrac's January 2017 report, 1 in every 1,149 homes in Florida is in the process of foreclosure, 19% lower than December 2016. Baker County now has the highest foreclosure rate in the state of Florida with 1 in every 369 homes.
According to RealtyTrac's December 2016 report, 1 in every 936 homes in Florida is in the process of foreclosure; that is 5th in the United States. Lee County has the highest foreclosure rate in the state of Florida with 1 in every 336 homes.
According to RealtyTrac's October 2016 report, Florida ranks 7th in the U.S. in foreclosure actions to housing units. 1 in every 890 homes in the Sunshine State face foreclosure actions, with Bradford County leading those numbers.
Whether its commercial or residential, renting out an investment property is a big deal, mainly because almost anything can go wrong if you're not extra careful. So we wanted to bring to light just a few details you should always pay special attention to when renting out your property.
Last year PBS NewsHour reported on the foreclosure crisis that followed the recession throughout the US, including Florida. Although we've recovered over the last few years, we're still feeling the sting.