Florida foreclosure listings are still growing and prices are still falling as unemployment continues to rise. Miami has been suffering the steepest home price declines.
More than 150 unsold condominium units are at risk of being placed on Florida foreclosure listings. A foreclosure case has been filed by the lender against the property’s owner in connection with the almost $66.2 million loan taken out for the development project.
While nationwide existing-home sales fell by 3 percent in March, sales of preowned homes, including homes in foreclosure listings, in South Florida increased.
Positive developments related to foreclosure listings have come about in Nevada and Florida. In Nevada, a law protecting homeowners has been passed by the state Assembly while in Florida, indications of rising sales of foreclosed homes have been sighted.
The issues of huge numbers of bank and Fannie Mae foreclosures for sale, unemployment and job creation are factors expected to influence the outcome of the gubernatorial race in Florida.
Florida foreclosure listings can help you buy your dream house. They will not only help you built your equity, but will also help you save a lot of money because of which you were unable to have a house that you can call your own.
For real estate investors who are into flipping properties, the current debate in Miami-Dade County regarding the Property Assess Clean Energy financing should be of interest.
Fast track action by law makers and judges in Florida trying to speed up foreclosure cases will prop up the state market for housing and the prospects for investors eying Florida foreclosures.
Florida foreclosure listings are still surging dramatically. In May, bank repossessions spiked by 81 percent over the year to nearly 11,000 REO units in the state.
The restrained increase in the number of homes in Florida’s foreclosure listings has been attributed to the below than 1 percent rise in foreclosure filings for February 2009.
Print This Article
Add To Favorites