MIAMI – Default Research (http://www.defaultresearch.com) is reporting that South Florida lenders filed 101,000 foreclosure-related lis pendens in 2008. Miami-Dade County led the region with 47,672, representing 4.91% of total households.
"Foreclosure activity actually leveled off in the fourth quarter of 2008 for the South Florida region," said Serdar Bankaci, founder of Default Research. "However, we expect to see foreclosure activity remain relatively high until the third or fourth quarter of 2009."
Although the region has been one of the national leaders in terms of foreclosures over the last several years, Bankaci expects the area to bounce back very quickly when the economy recovers.
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