According to Fitch Ratings, Florida could be headed to an mortgage crisis in 2010 when borrowers with adjustable rate loans see rates adjust. Nearly $100 billion worth of loans are deemed at risk for foreclosure. This year, Florida has had 299,118 foreclosure filings, including default notices, auction sale notices and bank repossessions, according to California-based RealtyTrac. The state ranks second-highest for foreclosure filings among all states.
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