May 17, 2013

Florida is the Number One State for Foreclosure Inventory

According to the National Association of Realtors, here are the top five states with the highest foreclosure rates.

  • Florida: 9.7 percent
  • New Jersey: 7.3 percent
  • New York: 5 percent
  • Maine: 4.4 percent
  • Illinois: 4.4 percent

Although we are definitely seeing lower inventories than in the past ...

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Oct. 30, 2012

Housing Market Recovery Hits New High in September

According to a recent article from Trulia, there are three market indicators that show how quickly a market is getting back to "normal." These are construction starts, existing home sales and the delinquency-plus-foreclosure rate.

Nationwide, in September 2012, construction starts surged. However, existing home sales fell slightly, and the delinquency ...

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Oct. 25, 2012

Foreclosure Update in South Florida - October 2012

According to the latest report from Realty Trac, 62 percent of U.S. metropolitan areas posted a decrease of foreclosure activity in the third quarter of 2012.

Foreclosure activity decreased annually in 12 out of the nation’s 20 largest metro areas. This is great because it is showing that many ...

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Aug. 24, 2012

Do You Think Your Foreclosure Was Handled Badly?

If you foreclosed on your home in 2009 or 2010, you may be eligible for a free independent review of your foreclosure. You have until December 31, 2012 to make a request for that review.

The purpose of these reviews is to find borrowers who suffered financially due to improper handling ...

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Aug. 14, 2012

Shadow Inventory : Will It Slow Down the Recovery?

The Wall Street Journal recently featured an article on the "shadow inventory" of potential foreclosures - the millions of mortgages that are either in foreclosure or waiting to default. Is this really as scary as it sounds or is it just a way for the media to sensationalize what is really ...

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Aug. 1, 2012

Foreclosures are on the Rise According to Forbes Magazine

I read an interesting article in Forbes that stated foreclosures are going to be on the rise in the second half of 2012 for the first time since 2009. The surprising thing is that the owners that are going into foreclosures now are some of America's largest banks!  ...

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