Repossessed Homes in South Florida Reach 100,000

by admin

By Tom Butala

Over 100,000 South Florida homes have been repossessed since the crash of the housing market in 2007, according to a report released by CondoVulture.com.

CondoVulture’s data considers all repossessed homes in the tri-county area of Miami-Dade, Broward and Palm Beach counties, of which there were 100,377 in total by August 19, 2010.

So far in 2010, 33,643 homes have been repossessed, surpassing the 30,407 homes that were repossessed in all of 2009.

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