Miami-Dade Circuit Judge Jennifer Bailey was recently quoted as saying the biggest challenge the system faces is "to keep morale up." In 2006 Miami-Dade saw 3,474 foreclosure cases. For the first six months of this year, they have handled 34,417. That's not a misprint.
The scary part is the first three months of this year, bankers were under a wink-wink order from Captain Obama to hold off on foreclosures . . . as if that would somehow help matters. It has not. In fact, Miami-Dade could see more than 50,000 foreclosures during the last six months of 2009, bringing the total close to 100,000 or almost 30 times what it was in 2006.
OPPORTUNITY - Banks are so screwed up at this point, that most of them are either over pricing properties, hoping for a miracle, or they are under-pricing properties . . . leaving HUGE opportunities for first time buyers, relocating buyers, investors and flippers. If you're interested in foreclosure opportunities, call me - Mike Morgan at 888-227-5217 or email me Mike@FloridaHomes.pro I'll help steer you around the traps and into profitable and secure opportunities.
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Wow. Now that's just scary. We're living in two different worlds, Mike. Here in Montreal, it has actually become a seller's market, if you can believe it. There's not much inventory and interest rates are at extreme lows but everyone knows they'll be going up. Many buyers are coming out now to try to make something happen before the rates go up, and in the meantime home prices are rising.
My hat's off to anyone working in your troubled market and trying to stay afloat. These are strange times, and we've got to roll/adapt/flex with the punches. Hang in there, Mike...this too shall pass.
Tanya in Montreal