According to a press release from RealtyTrac, foreclosures decreased by 3% in June from the previous month across the U.S. However the news was not as good for Florida as the number of foreclosures increased 8% over May and 92% over June of 2007.
Related Florida real estate views:
Orlando home sellers: giving in, selling or losing their home?
There comes a point when you have to foreclose.
Is there a way to search for foreclosures in the MLS?
Showing posts with label foreclosed properties. Show all posts
Showing posts with label foreclosed properties. Show all posts
Jul 4, 2008
Foreclosure sales increase in Central Florida
Bank owned or foreclosed homes continue to make up a large portion of certain Central Florida housing markets. Recent MLS statistics indicate that in June, homes that were foreclosed on and now being resold by the lender are a major source of business for Realtors.
Reports indicate that Deltona led the way with 45% of the sold inventory being bank owned. Kissimmee followed closely with 39.8% of June sales reported as bank owned and Orlando 19.8%.
Area Realtors are aware of this latest trend and are prospecting lenders in hopes of listing these REO properties. Additional prospecting is centered on locating buyers by holding open foreclosed homes weekly.
The bank owned numbers should continue to rise as foreclosures increase throughout Central Florida.
Related Florida real estate view:
Lender says no to deed in lieu
There comes a point when you have to foreclose.
Is there a way to search for foreclosures in the MLS?
- Greg Staker, Watson Realty Corp., 407-304-0255
Reports indicate that Deltona led the way with 45% of the sold inventory being bank owned. Kissimmee followed closely with 39.8% of June sales reported as bank owned and Orlando 19.8%.
Area Realtors are aware of this latest trend and are prospecting lenders in hopes of listing these REO properties. Additional prospecting is centered on locating buyers by holding open foreclosed homes weekly.
The bank owned numbers should continue to rise as foreclosures increase throughout Central Florida.
Related Florida real estate view:
Lender says no to deed in lieu
There comes a point when you have to foreclose.
Is there a way to search for foreclosures in the MLS?
- Greg Staker, Watson Realty Corp., 407-304-0255
Jun 25, 2008
Housing and Economic Recovery Act facing hurdles
The National Low Income Housing Coalition sent out a call to action in a news release dated today concerning HR 3221 which would provide almost $4 billion for the purchase and redevelopment of foreclosed properties.
For more information visit the news release.
Related Florida real estate news:
Builders say tax credit will boost sales.
Bill introduced to help with foreclosure and low-income housing
Bill could help stabilize neighborhoods hit hardest with foreclosures
- Greg Staker Watson Realty Corp. 407-304-0255
For more information visit the news release.
Related Florida real estate news:
Builders say tax credit will boost sales.
Bill introduced to help with foreclosure and low-income housing
Bill could help stabilize neighborhoods hit hardest with foreclosures
- Greg Staker Watson Realty Corp. 407-304-0255
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