In shadow of Miami’s residential boom, foreclosure market heats up

The foreclosure document scandal in late 2010 led to a large-scale freeze on foreclosure processing and foreclosure sales activity, particularly in South Florida, one of the nation’s foreclosure epicenters. At the same time, the next two years saw one of the tri-county area’s largest residential booms, with nearly 70 percent of residential resale inventory being traded since 2008, according to Condo Vultures, in many ways overshadowing the lingering problem of the foreclosure market. Now, as [more]