Florida - one of state with most foreclosures

[lara]

The hardest hit homeowners in Florida are the ones who are staying in far flung areas or in suburbian Florida. Many home buyers have stretched their financial abilities to buy homes that they can’t really afford and have ended up borrowing to the max of the home’s appraised value.

Why do you think Florida is the hardest hit?

[omara]

This is actually a financial precept that applies to all matters of finance - live beneath your means never beyond your means.

Living in a house that you can jolly afford is a sure recipe for fiancial ruin.

[clintonbaisley]

Florida’s rate rose, but it still managed to slip in the standings, largely due to the ever increasing rates of other states that have outpaced Florida. According the the Florida Association of Realtors, home sales are up in Miami.