Assuming you’ve been reading up on the daily happenings of real estate in South Florida, you’ve likely heard about a looming wave of foreclosures that will happen any day now, perhaps once homeowners who’ve had their loans for Miami Beach homes modified find they still can’t make those monthly payments.  Sadly we cannot predict the future and prepare for it but at least for now, there’s some good news to report when it comes to the foreclosure problem here in South Florida.

The first quarter of this year saw foreclosure filings tumble by just over twenty percent compared to 2009.  That drop follows the seven, nineteen and twenty percent drop in foreclosure filings during January, February and March respectively.  For once, words like Miami Beach homes and foreclosure can be used in the same sentence without some bad news attached.

For largely the same reasons that have accounted for increases in the sale of Miami Beach homes as of late, government relief efforts plus those aforementioned modified mortgages seem to actually be keeping more people in their home.  Will this trend continue throughout the rest of 2010?