A recent report from ATTOM Data Solutions finds Florida as the No. 2 in the country with the number of homes going into foreclosure. Foreclosures are rising, up 129% from last years record low activity. SO far, Florida is showing only an 11% jump from last month, but the trend should continue into the indefinite future. Rising housing costs led to 1,527 foreclosure starts statewide in February. Not an overwhelming number by any means, with only one in every 2,000 homes currently falling into foreclosure. Miami, Jacksonville, and Orlando are the current markets where foreclosures are starting to grow. This trend may not lead to a foreclosure boom like we saw in 2007-2012, but rather the return to normal foreclosure activity after 2 years of almost zero foreclosures due to Covid-19. We have already started receiving calls from clients letting us know that their mortgage lenders are giving them the run around when they call to inquire about a loan modification as they come out of their Covid-19 forbearance plans. We have been saying for more than a year that no matter what loan modification plans the government puts into place, the banks won't comply and will start forcing more and more homeowners into foreclosure. Banks will always act in any way they see fit because the court system routinely fails to hold banks accountable and, in our experience, bends over backwards to twist the law to the banks' benefit. If you are behind on your mortgage and getting foreclosure letters from the bank or from the bank's lawyer, call us today.