The percentage of Homes in the Jacksonville, Florida metro area that received foreclosure-related notices in March was lower that those who received such notices in February. A 11 percent drop was recorded between March and February and a 57 percent drop was recorded from March 2010, according to RealtyTrac.
This is the lowest it has been in the Jacksonville area for the month of March since March 2008. In the first quarter of 2011, foreclosure activity dropped by 25 percent from the fourth quarter of 2010 and by 50 percent from the first quarter 2010 to 3,900 in the Jacksonville metropolitan area. Nationwide, foreclosure-related notice mailings were down 15 percent from the fourth quarter of 2010 and by 27 percent from the first quarter of 2010.
While these latest foreclosure numbers are seem to show a significant improvement in the overall housing market, many industry experts believe that this is only temporary slowdown and that filings will pick up as 2011 continues. If you are facing a Florida Foreclosure Lawsuit, contact a Jacksonville Foreclosure Lawyer or a Florida Foreclosure Defense Lawyer today for a complimentary case review.
