Florida Struggles with Foreclosures

Miami-Dade Circuit Judge Jennifer Bailey was recently quoted as saying the biggest challenge the system faces is "to keep morale up." In 2006 Miami-Dade saw 3,474 foreclosure cases. For the first six months of this year, they have handled 34,417. That's not a misprint.

The scary part is the first three months of this year, bankers were under a wink-wink order from Captain Obama to hold off on foreclosures . . . as if that would somehow help matters. It has not. In fact, Miami-Dade could see more than 50,000 foreclosures during the last six months of 2009, bringing the total close to 100,000 or almost 30 times what it was in 2006.


OPPORTUNITY - Banks are so screwed up at this point, that most of them are either over pricing properties, hoping for a miracle, or they are under-pricing properties . . . leaving HUGE opportunities for investors and flippers. If you're interested in foreclosure opportunities, call me - Mike Morgan at 888-227-5217 or email me Mike@FloridaHomes.pro I'll help steer you around the traps and into profitable investment opportunities.