Just two years ago, the real estate market in Florida was booming. Now its a completely different story and many home owners are finding themselves in over their heads and unable to make mortgage payments. It used to be that couples fought over who was going to keep the house because it was a valuable asset, now couples may be fighting over who gets the home based on not wanting to be stuck with exorbitant mortgage payments. It seems that even high end home owners are not immune from the current market place.
To read about the high-end home owner default issues current plaguing Florida, see the following article: http://www.palmbeachpost.com/localnews/content/local_news/epaper/2007/09/16/s1a_HIGH_FLYERS_0916.html