There is no denying the fact that times have been tough in recent years not only for the nation in general but South Florida in particular. While being ranked number one is typically a good thing this is not the case when you're talking about rate of foreclosure and short sales. Distressed sales are the norm in South Florida's real estate market. As a result of predatory lending, changes in interest rates, rising unemployment and declining income good people have fallen on hard times. If this applies to you rest assured you're not alone! According to RealtyTrac, 1 in every 252 homes in Broward County received a foreclosure filing during the last quarter of 2010. However, there are still viable options available to distressed sellers and timely opportunities to be had by savvy buyers.