Foreclosure Rate Down 38 Percent in Miami-Dade

Foreclosures had become a strikingly normal part of life in Miami-Dade, as the economy became one of the hardest hit during the recession and homeowners found themselves underwater. Thing however appear to finally be getting better.

In the first five months of 2010 foreclosures were down 38% from the same time in 2009. Meaning there were only 18,327 foreclosures, compared to 29,674.

However there's no sign that the commercial foreclosure rate is letting up, and that residential foreclosures may pick up again. [Herald]

  • Starting on July 17th there will no longer be toll booths on the Don Shula and Snapper Creek expressways. Instead drivers will be charged via Sun Pass (drivers without will receive a bill in the mail). Drivers will also be charged by segments of the road traveled instead of a flat toll. [CBS4]
  • Much of the swim advisory for Biscayne Bay has been lifted as crews finally fixed the sewage pipe leak that had spilled millions of gallons of nastiness into the waters. [WSVN]
  • University of Miami's Ti'erra Brown won the national title in the 400 meter hurdles, making her the first UM track athlete to win at a national level. [Herald]
  • Jury selection for the trial of Christopher Sutton has begun. Sutton is charged with hiring a neighbor to kill his parents back in 2004. His mother died and his father was left blind after the attack. The killer, Garrett Koop, plead guilty in 2008. [CBS4]

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