By Christine Stapleton | Palm Beach Post
June 30, 2020
Less than four hours before a moratorium on evictions and foreclosures was set to expire early Wednesday morning, Florida Gov. Ron DeSantis extended the freeze for another 30 days.
The move potentially spares countless unemployed workers from…Read More.
From The Palm Beach Post:
“Just four hours before a moratorium on evictions and foreclosures was set to expire early Tuesday morning, Florida Gov. Ron DeSantis extended the freeze late Monday, sparing countless unemployed workers from homelessness as the economic devastation caused by the coronavirus pandemic continues.
“‘He just felt it was in the best interest of all to extend it,’ said Helen Aguirre Ferré, the governor’s spokeswoman. The order was scheduled to expire at 12:01 a.m. Tuesday.”
Source: Palm Beach Post
The number of foreclosed homes that have been abandoned by their owners is by far the highest in Florida with 55,503 properties sitting empty and in some stage of a bank takeover. That’s 33 percent of the national total with Illinois coming second with 17,672 vacant and foreclosed homes.
Source: ABC News
According to real estate data-supplier RealtyTrac, U.S. foreclosure starts increased 2 percent from February to March, the second straight monthly increase following three consecutive monthly decreases.
Source: Palm Beach Post
Cunning South Florida real estate investors are buying titles to homes on the cheap through community association foreclosures then renting them out until the bank catches up.
