Perhaps the greatest advantage of a short sale to beleaguered homeowner facing default and foreclosure is the opportunity to move on with life and put the bad debt behind them as quickly as possible. That advantage is shrinking as short sales take longer to sell than foreclosures. Read More »
Tag Archives: foreclosures
Florida Shifts into Reverse
While the rest of the nation’s housing markets experience various levels of recovery, most markets in Florida seem to be relapsing to the heyday of the Foreclosure Era after a brief period of improvement. Read More »
Are Hedge Funds Blowing Bubbles?
Last month the New Republic published a provocative article on hedge funds and real estate investing (<a href="http://www.newrepublic.com/article/112395/wall-street-hedge-funds-buy-rental-properties">Your New Landlord Works on Wall Street</a>) by former TV producer David Dayen. He said out loud what many people have been whispering. Read More »
State Laws will Extend Foreclosure Pain by 30 Months or More
The 23 states that require court orders to foreclose and other states that have enacted legislation that delays foreclosure processing will take twice as long as the rest of the nation to clear backlogged foreclosure inventories at their current rate. Read More »
Short Sales Soared While Foreclosures Fell
RealtyTrac reported today 947,995 U.S. properties in some stage of foreclosure or bank-owned (REO) were sold during the year, a decrease of 6 percent from 2011 and down 11 percent from 2010. Read More »
Damaged Foreclosures Beckon Bargain-hunters
While prices of normal foreclosures and short sales have been rising, damaged distressed properties are actually becoming less expensive, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Read More »
Single Family Renters More Likely to Stay in Place
Single family home tenants are 18 percent more likely than apartment tenants to stay in their current homes five years or longer, suggesting that demand for single family homes, the fastest growing rental category, will be more stable than multifamily demand, according to a new national opinion survey released today by Premier Property Management Group. Read More »
Foreclosures Re-infect Florida Markets
It”s <em>deja vu</em> all over again in Florida. In a virtual re-run of Florida”s housing economy, its foreclosure starts lead the nation, prices are falling and inventories are too big, especially on the coasts. Read More »
Florida Markets Still the Best Places to Buy Foreclosures
Hot foreclosure markets have come and gone over the past seven years but one thing seems to stay the same. The markets with the most and the cheapest foreclosures are still located in Florida. Read More »
Foreclosure Hot Spots are Far from Healed
Data reports showing prices zooming in Florida and California markets that once led the foreclosure hit parade mask the reality that prices fell so far in some of those metros they still have a long way to go to reach their peaks in 2007-if they ever do so. Read More »