The Miami-Dade County Clerk came out with the November foreclosure numbers today and the news is getting better but it’s still not good. 4,855 foreclosures in a month is HIGH, but with September pushing nearly 6,000 foreclosures, this month looks not so terrible. My 2008 total foreclosure projection still stands at greater than 55,000. I believe 2009 will be MUCH WORSE. Again, that’s unless the government passes some kind of foreclosure moratorium (Florida actually did last month, but its currently optional). A moratorium will only act push the inevitable to a later date.
[...] you could breach 50,000 foreclosures, but I always had faith. As was discussed most recently in the November Miami-Dade foreclosure update, we easily blasted through [...]