Reverse-Mortgage Fails Not a Factor in Florida’s Stubbornly High Foreclosure Rate

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Reverse-mortgage fails not a factor in Florida’s stubbornly high foreclosure rate Foreclosures are down nationwide since last spring but not in Florida, where foreclosure filings increased by 23.

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The sustained pattern indicates more than 330 Floridians with reverse-mortgages lose their homes in foreclosure a year – significant if you are a reverse mortgage holder, but not a big enough number to affect the state’s overall foreclosure rate.

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Reverse-mortgage fails not a factor in Florida’s stubbornly. – The sustained pattern indicates more than 330 Floridians with reverse-mortgages lose their homes in foreclosure a year – significant if you are a reverse mortgage holder, but not a big enough number to affect the state’s overall foreclosure rate.

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