Aug
19
From the Sun Sentinel – Palm Beach County to start registry of properties in foreclosure
To try to keep abandoned homes from turning into eyesores, the Palm Beach County Commission on Tuesday required banks and mortgage companies to start registering local properties in foreclosures.
Aug
19
Even the rich and famous are not safe from foreclosure. It appears movie star Burt Reynolds is even facing foreclosure on his home in Hobe Sound.
Aug
19
Florida foreclosures fall in 1st half of 2011, is a new article out by the Daytona Beach News-Journal. The article shows how the number of foreclosures in Florida fell during the first half of 2011. The big question is why did the number of foreclosures fall?
The foreclosure website RealtyTrac has an interesting point on what is happening with Florida foreclosures, RealtyTrac says “states such as Florida that use the judicial procedure for foreclosures might have lower numbers because of continuing errors in the foreclosure processing process. Lenders are still working through foreclosure-documentation problems that came to light late last year. Those issues caused lenders to hold off on or resubmit paperwork on some properties that were scheduled for foreclosure.”
Whether this trend will continue or not, is yet to be seen. Our team of foreclosure specialist, will continue to monitor foreclosures in Ft. Lauderdale and throughout Southern Florida.
Aug
19
FirstCoastnews.com has a new article on the state of foreclosures in Florida, Delinquency Rates Continue to Stabilize Across the Country, But Remain Historically High. As the article highlights, the number of delinquencies across the country appear to be stabilizing but we are still in a historic time for foreclosures.
An interesting tidbit from the article, In Florida, the foreclosure crisis remains severe. All of the top eight U.S. metro areas by foreclosure rate are in Florida, as are 17 of the top 25. Jacksonville ranks 18th in the country.
The number of South Florida foreclosures will continue to offer excellent buying opportunities, for those looking to invest in the numerous markets including the Ft. Lauderdale real estate market.
Aug
19
The Palm Beach Post has an good article,Florida foreclosure backlog shrinks 43% in a year, on what is happening with foreclosures in and around Southern Florida. While the backlog of foreclosures in Palm Beach County shrank by almost half, the same wasn’t to be seen in Broward County or other counties. The backlog of foreclosures in Broward County still number over 27,000. We will have to wait and watch, to see if the backlogs can be cleared.
Aug
14
Aug
14
Foreclosures slow to trickle as lenders shift strategy, is an interesting look at the state of foreclosures across the country. As the article mentions we are seeing a slowing of the number of foreclosures. Though the number of foreclosures is falling, as the article explains it is due to banks slowing down the amount of foreclosures they are doing.
We should continue to see foreclosures make up a part of the Fort Lauderdale real estate market.
