List of Freddie Mac foreclosures and bank foreclosure listings continue to grow despite loan modification efforts. Residents complain that banks' systems lack coherence.
The number of properties falling under foreclosure and pre foreclosure list has increased in most areas of the U.S. for August, while lender repossessed properties reach record totals.
The market for properties under multi family property listings has been gaining traction in downtown Fort Myers in the past few months as buyers show more interest in purchasing units.
Home foreclosures in Orlando are predicted to pull down home prices by 21 percent year-over-year in the July-September quarter. The price median for existing homes in January this year dropped by more than 30 percent from January 2009 to $103,000.
Home foreclosures in Miami slowed in February this year as more short sales in the area were completed by lenders. Foreclosure filings in Miami-Dade County dropped to 1,670 in February, a sharp 30-percent fall from filings in February 2009.
Home foreclosures in Jacksonville are driven in part by negative equity, based on reports from research firms. Over 44 percent of all mortgaged homes in Jacksonville, Florida were underwater in the final quarter of 2009.
Home foreclosures in Fort Lauderdale increased to record levels over the past years in part because of fraudulent mortgage loans. The Miami-Fort Lauderdale area has the highest number of residents indicted for mortgage fraud since 2007.
Prices of home foreclosures in Hialeah continued to fall in January and February this year compared to the same months last year. Several real estate firms reported slightly different median prices, but all of them reported substantial price declines.
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