A novel marketing strategy was devised by Marc Joseph, owner of Foreclosures 'R Us, to entice potential homebuyers in Cape Coral, a city crisscrossed not only by foreclosed homes but also by waterways and canals.
Florida counties continue to sell more distressed homes through online sheriff auctions. Broward County launched its auction website in March to clear the backlog of foreclosure cases in its courts. About 2,000 Broward homes were hit with foreclosure filings in May.
Almost half of the owners of foreclosed homes for sale in Miami have reportedly skipped the mediation process which has been mandated by the state in an effort to reduce foreclosure rates.
In the past few years there has been a disturbing trend of unfortunate mistakes that have taken place at the expense of home owners around the country; homes have been foreclosed on and home owners evicted by banks who do not actually hold title to these homes.
The increasing number of foreclosed homes in Florida have crushed thousands of lives but created an opportunity for realtors who became inventive in their strategies to attract homebuyers.
Foreclosures in Orlando contributed to the downgrading of the city's tax revenue bonds for tourism development by Fitch. Downgraded were the $190.3 million and $33.4 million TDT bonds issued in 2008.
A seminar on foreclosure auctions defense was held in Weston wherein Florida attorney Roy Oppenheim offered advice to homeowners facing foreclosures in an effort to help them solve their home ownership problems.
There were more than 9,000 South Florida foreclosed homes in bank listings in the first three months of this year. A total of 3,707 housing units were repossessed in March in South Florida.
Additional funds are provided to the state of Florida by the U.S. Department of Treasury to help neighborhoods suffering from foreclosures, including Jacksonville foreclosure homes.
With the deadline for tax credit for foreclosures long gone, some areas face a new wave of foreclosure concerns, like Orlando which had the highest number of default notices in Florida.
The foreclosure crisis has been spreading fast into Fort Lauderdale. More than 52,000 homes and a number of high-cost commercial properties in the Fort Lauderdale area entered foreclosure in April.
Coming up with a new law that will prevent foreclosure frauds committed by rescue consultants is what the Florida governor has done to help distressed homeowners.
The centers of foreclosed homes for sale in Tampa, FL are now changing, as formerly battered neighborhoods like Riverview are recovering and newly hit areas like New Tampa are experiencing increased foreclosures.
Foreclosed homes for sale in Jacksonville, FL jumped in number in the first quarter, dragging down prices further. The price median for homes fell by more than 6 percent from $150,700 to $141,600.
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