News to no one: Record Foreclosures in Lake

The Orlando Sentinel yesterday confirmed what I suppose we all knew: Lake foreclosures shatter record-bad mark again. 878 foreclosures set the record for volume in 2006; incredibly, there have been 4,965 foreclosures this year (2009) in Lake County (through the end of October). The article suggests that the rate of increase is slowing -- nice news, but one wonders how much of the change in change is a temporary result of the drastically increased foreclosure filing fees instituted earlier this year. Here's hoping the trend continues and that the constructions and real property markets can be extracted from flux...