HILLSBOROUGH COUNTY, Fla. — A moratorium on foreclosures offers protection to families unable to pay their mortgages because of the COVID-19 pandemic. But I-Team Investigator Kylie McGivern found foreclosure filings are on the rise with Florida currently ranked second in the nation.
While some experts say this is different than the Great Recession, others are bracing for another housing crash.
Rick Sharga, the executive vice president of RealtyTrac, which publishes a nationwide database of foreclosure properties, told the I-Team that foreclosures have dropped dramatically because of the protections.
“We’re in a very unusual time right now, because of the enormous efforts that the government and the industry have put in place to prevent foreclosures from happening,” Sharga said.
According to data from RealtyTrac’s parent company, ATTOM Data Solutions, as of September, Florida had the second-highest foreclosure rate in the country behind South Carolina.
“Florida is definitely an outlier. Most states