Leavengood, Dauval & Boyle, P.A. Articles St. Petersburg Area Has One of Highest Foreclosure Rates in County

St. Petersburg Area Has One of Highest Foreclosure Rates in County

By Leavengood, Dauval & Boyle, P.A  Jul. 13, 2012 9:18a

According to information recently released by RealtyTrac, the metro area including St. Petersburg, Tampa and Clearwater has the fifth highest foreclosure rate in the country. The data for the largest metropolitan areas across the nation were compiled and compared and the results showed that California's Riverside-San Bernardino metro was highest in the nation. Nearly 206,000 foreclosures were reported throughout the U.S. in May which is up from April. The Tampa-St. Petersburg-Clearwater metro area had 4,446 foreclosures which is a 111% increase from last year. The foreclosure rate in the U.S. rose 9% in May compared to April of this year but it is down overall by 4% from May of last year. Some economists believe that the Florida foreclosure increase is not something to be necessarily worried about. Alexis Muellner, Editor for the Tampa Bay Business Journal stated, "A lot of this inventory is finally getting pushed through. And that's what we need. You need to see this process moving along. That, in the end, means we'll see a greater light at the end of the tunnel in terms of this housing crisis." If you are concerned that you may lose your home to foreclosure or want to know more about foreclosure options then speak with a knowledgeable bankruptcy attorney today.

Options for Avoiding Foreclosure

There are many options available to most homeowners that have found themselves underwater when it comes to their mortgages. Thousands upon thousands in Florida and across the U.S. have been affected by the mortgage crisis but it is important to know that help is available. Depending on your goals, whether you want to keep your home or if you are looking to unload your house without going through foreclosure, you may have several options available to you. A bankruptcy lawyer can discuss the possibility of bankruptcy protection, loan modification, short sales, deed in lieu, stripping second mortgages and more.

Bankruptcy Lawyer for Foreclosure Issues

Don't hesitate to talk to a skilled bankruptcy lawyer if you need help with a mortgage or foreclosure matter. An attorney with the law offices of Leavengood, Dauval & Boyle, P.A. has helped clients throughout the St. Petersburg area get the results they are looking for. Contact our offices today to schedule a free initial consultation to discuss anything from Chapter 7 or Chapter 13 bankruptcy protection to creditor harassment and foreclosure options. We may be able to help you!

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