The Orlando area saw a nearly 63 percent decline in foreclosure filings for April compared to a year earlier, RealtyTrac Inc. reported. The Orlando metropolitan statistical area — Lake, Orange, Osceola and Seminole counties — posted 2,406 foreclosures last month, or one in every 377 homes, placing the area 36th among the nation’s largest metro […]
“We’ve now seen three straight months with fewer than 300,000 properties receiving foreclosure filings, following 20 straight months where the total exceeded 300,000. Unfortunately this is less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure processing.”
Google has just come out with a new feature on their google maps that I thought may be of interest. They are now mapping foreclosed properties for any given area. Just as an example I have embedded a map here of the Oviedo area and all the little red dots are foreclosures. This opens searching […]
Everyone in the marketplace is being affected by this issue right now in very different ways. The biggest reason the news is making such a splash about the issue is because no one has any idea when it will end. We are constantly being updated by agents who work with the banks saying that hopefully […]
I double-dog dare you to watch a TV news show or spend more than 5 minutes on the web without hearing about the massive “robo-signing” foreclosure scandal that is rapidly encompassing the biggest banks in the country. Here are 4 things home buyers need to know about this breaking real estate news, and how it […]
Trulia.com and RealtyTrac recently surveyed U.S. adults to get some insight into what people *think* is involved with buying a foreclosure. Here are the Top 10 Myths that came up, and the facts to set the record straight: Foreclosures need a huge amount of work. 92 percent of consumers expressed that if they bought a foreclosure, […]
The federal government is setting guidelines for short sales of homes, giving lenders a 10-day limit to respond to offers, freeing borrowers from debt and providing financial incentives to lenders.
The new rules seek to address the many criticisms of short sales and figure to play a significant role in South Florida, where distressed properties dominate the market as the housing slump meanders into a fifth year.