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