Foreclosures continue to be high in Florida. In fact, being the state with the highest foreclosure rate in 2012, it is estimated that one out of every 32 households in the state received a default notice, auction or repossession last year. This is more than double the national average for foreclosure activity.
Many Florida residents know the feeling of their heart sinking when they receive a foreclosure notice. In many cases, these residents have lived in their homes for years and cannot picture having to give it up. However, while receiving a foreclosure notice is surely a frustrating and stressful time, those receiving these in Florida should know they are certainly not alone.
Realizing that you simply cannot afford to keep up with mortgage payments is hard. There's the worry of just what is going to happen and where you are going to live, and for some, a certain amount of shame realizing that you may end up losing your home.
Four months ago, after losing her job as a real estate agent, a 69-year-old woman's three-bedroom Orlando apartment went into foreclosure. With no family in Florida, now she lives in constant fear of winding up on the streets with nowhere to go.