In July, it was Indian River County’s turn to see a spike in foreclosure activity.
The number of Indian River County homes entering a new stage of foreclosure increased in July by more than 91 percent over the previous month and 153 percent from a year earlier, according to data released today by California-based RealtyTrac (www.realtytrac.com), an online marketplace for foreclosure properties.
While foreclosure activity in St. Lucie County increased by more than 67 percent in July over June, that increase was dwarfed by the jump in Indian River County.
To read the full story go to: http://www.tcpalm.com/news/2009/aug/13/foreclosures-spike-indian-river-st-lucie-fall-mart/
These areas are suffering from 2 things, economic slowdown and speculation in the real estate market. Also, Indian River County, once famous for its citrus, has seen much of it move overseas and southward to Mexico and Brazil and the land used for growing has been turned into new homes....which are now in trouble.
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Richard Sites
From Jupiter where the thunderstorms are building
rsites@coastalfloridarealestate.net
