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FL: Still No. 1 in The US for Foreclosures | Million-Dollar Sales Increase by 93%

Florida: Still No. 1 in the United States for foreclosures, while million-dollar real estate sales multiply in Tampa, St. Petersburg metro area Foreclosures in Florida are down 22 percent from last year, but Florida is still the state that dominates the list of metro areas with the highest foreclosure rates. In fact, of the 10 […]

Posted in: Real Estate News & Info, Tampa Housing Market, Tampa Real Estate Market News & Updates Tagged: Foreclosure Statistics Tampa, million dollar home sales, Tampa Real Estate Market

Short Sale or Death-Which Will Happen First? Advantages of Buying Foreclosures

Homebuyers tell me they “only want to look at short sales”. My initial response is why? You can read a previous post here about Can I get a short sale for 20% less than asking price? Short Sale Disadvantages: The question today is a short sale worth the months of waiting just to find out […]

Posted in: Bank Owned and Short Sale Tagged: Bank Owned and Short Sale, Foreclosure Statistics Tampa, How to buy Short Sales, Short Sale Process Tampa, Short Sale vs Foreclosure

60 Minutes News Story-What is Strategic Mortgage Default?

Strategic Default: Walking Away from Mortgages – CBSNews   A million Americans who could afford to pay their mortgages on homes `underwater` walked away instead. Morley Safer reports.   (CBS) Despite some indications that the economy is recovering, the housing market remains a disaster area. Currently, about seven million homeowners are behind on their mortgages and that […]

Posted in: Financing and Mortgage News Tagged: Financing and Mortgage News, Foreclosure Statistics Tampa

Florida Mortgage Delinquencies WORST in U.S.-Tampa Foreclosures Creating the Come Back of the BIDDING WAR.

“Florida continues to be the worst state in terms of delinquencies with 26 percent of Florida mortgages one payment or more past due as of December 31st.  20.4 percent of Florida mortgages are 90 days or more past due or already in the process of foreclosure.  Nevada is the second worst state with 24.7 percent […]

Posted in: Foreclosure Statistics Tampa Tagged: Bank Owned, Best Places to buy a home, Financing and Mortgage News, Foreclosure Statistics Tampa

California Market is number 1 in Foreclosures-Tampa is Number 2!

 If California is number 1 in foreclosures in the U.S. and Tampa, Florida is number 2 in foreclosures;you can expect the housing markets to be similar.  California offers the same type of opportunities with regards to climate and beauty.   I thought this was a very interesting article about an investor who is planning on buying […]

Posted in: Buyers Market Studies Tagged: Foreclosure Statistics Tampa, How to Buy Foreclosures, Real Estate Investing Tampa

Foreclosure activity increases 81 percent in 2008 according to RealtyTrac

 What’s the difference between Florida and other housing markets?  The Tampa Bay area is still a desirable retirement and second home destination. Therefore, we are expecting our market to increase in sales and reducing the amount of foreclosures in our housing market, sooner than other parts of the country. Nevada, Florida, Arizona posted top states […]

Posted in: Buyers Market Studies, Foreclosure Statistics Tampa, Foreclosures and Bank Owned, Tampa Real Estate Investors Tagged: Foreclosure Statistics Tampa, Foreclosure Statistics Tampa FL, how to find foreclosures Tampa

Citigroup puts foreclosure moratorium on 500,000 homeowners

Looks like there’s some good news for people who are at risk for foreclosure. If your loan is through Citigroup you may want to contact them for more information on how you can take advantage of this program. Citigroup plans to rescue 500,000 homeowners   On the heels of JPMorgan Chase & Co.’s loan modification […]

Posted in: Financing and Mortgage News, Foreclosure Statistics Tampa Tagged: Financing and Mortgage News, Foreclosure Statistics Tampa, How to avoid foreclosure

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