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Foreclosures Rise

June 30, 2008

Jacksonville is heading into the third year of the real estate slump and the number of home foreclosures continues to rise. The San Antonio News also reports ,so many homes are being auctioned off at the Duval County Courthouse that in July, the foreclosure auctions will be put online to move them through faster.

"I don’t see any bright skies on the horizon," said University of North Florida real estate professor Sid Rosenberg.

Evelyn Mew, the Jacksonville grandmother pictured at right, was able to save her home after falling behind on her mortgage payments. Thousands of others have not been so fortunate. Local agencies, such as Jacksonville Area Legal Aid, are quickly trying to gear up to help, but the caseload is heavier each month.

Meanwhile, a cottage industry has developed.


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