Foreclosure outlook grim


  • By
  • | 6:16 p.m. February 24, 2011
  • | 0 Free Articles Remaining!
  • News
  • Share

Lisa Goodner, Florida courts administrator, says residential mortgage foreclosures in Florida will double to roughly 365,000 in state fiscal year 2011-12, which begins July 1.

Another expert predicts “a tsunami” of commercial foreclosures.

The residential mortgage numbers are expected to fall to 170,000 this year, as lenders have put a hold on many foreclosure holdings, what Goodner says amounts to a moratorium on filings.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

  • December 15, 2025
Lee Health CEO to step down

Sponsored Content