Mortgage Foreclosures

WCJB - TV20 News - Your Home Team - Gainesville - Lake City - Ocala: "Your house is probably worth more than you know. That's because property values are sky rocketing in North Central Florida, up ten percent in just the last year. That hasn't stopped people from buying homes.
More Floridians own homes than ever before but buyer beware. There is a downside. The foreclosure rate in Florida is also rising.
70 percent of the people watching this newscast own their own home but a lot of people will lose their homes to foreclosure. Alachua County is on pace for about 180 foreclosures this year as opposed to 192 last year. But that doesn't stop local mortgage brokers and city officials from fearing the worst. They say the dream of home ownership could turn into a nightmare of foreclosure"
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