Lee County's Foreclosure Rates Are Among the Highest In The Nation
As a resident of Southwest Florida, I want to see the foreclosures stop. As a consumer bankruptcy attorney with offices in Port Charlotte, Fort Myers and Naples, I can honestly state, that the residents of Southwest Florida have been hit harder by the local economy than by any hurricane. We have had more than our fair share, enough is enough. We have had enough negative press all over the nation, and we don't need any more bad news. We know that Lee County has one of the largest foreclosure rates per capita. We need good news. We need to hear that our federal government is going to help people save their homes, even if they don't mean it. We need to hear that our state government is going to do something, suing Countrywide is a start, but is suing Countrywide and Angelo Mozilo going to save anyone's homes. I don't think so.
Adjustable Rate Mortgages account for the highest number of homes going into foreclosure. The argument about who is responsible for this mess is really a cyclical argument, and no-one will ever really be held accountable for this mess because there were way to many people in on the deal. So, places like Lee County, Florida, Broward County, Florida, Nevada, California, and Ohio will have to continue to deal with the foreclosure problem.
This post was submitted by Carmen Dellutri, Esq. Mr. Dellutri is the managing partner of The Dellutri Law Group, P.A. He is also one of the founding members of The Bankruptcy Law Network, Debt Law Network, Credit Law Network, and The Mortgage Law Network. His other blog discussed personal injury topics. Mr. Dellutri also sits on the Board of Directors for the American Board of Certification.
