From a recent Florida newspaper article:
"But at some point those foreclosure filings will make it to the market, said Jack McCabe, a Deerfield Beach real estate consultant.
"They are definitely going to hit this fall, and we will also see an increase in short sales in those cases where lenders are unable to get their paperwork in order," McCabe predicted.
With another wave of adjustable-rate mortgages resetting this year, McCabe said foreclosure filings will increase through the end of 2012.
"There may be a lull for a month or two here or there, but they’re coming," McCabe said.
For the entire article read here:
Evan M. Rosen
Rosen & Rosen, P.A.
4000 Hollywood Blvd, #725-S
Hollywood, FL 33021