FLORIDA (CBSMiami) – Florida's foreclosure crisis refuses to ease up, according to new data.
Monthly figures released Wednesday indicate Florida led the nation in January – the fifth month in a row – in the percentage and total number of properties in foreclosure, the News Service of Florida reports.
Florida had the highest rate of foreclosures in the nation for the month, with one in every 300 Florida housing units under some type of foreclosure filing.
Direct result of politically incorrect deregulation of common sense financial greed: rate of foreclosures is directly proportional to the exorbitantly high interest rate of the loans
