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FORECLOSURES UP 68%

Foreclosures up 68% !!!!!!!!!!!!!!!!!!!!

Latest Report From AP - Florida near the TOP of foreclosure list -

Here is today's AP article on Foreclosures Nationwide -- its the daily dose of depressing news http://www.palmbeachpost.com/business/content/business/epaper/2007/12/19/1219foreclosures.html

Our phone rings daily with brokers and sellers needing help with the short sale process. Sometimes we can help and avoid the short sale or any sale at all -- it takes patience and having plenty of information on the owner's finances and the property value. But it is getting to be like putting a finger in the dike.................

Richard Zaretsky, Esq., RICHARD P. ZARETSKY P.A. ATTORNEYS AT LAW, 1655 PALM BEACH LAKES BLVD, SUITE 900, WEST PALM BEACH, FLORIDA 33401, PHONE 561 689 6660 RPZ99@FLORIDA-COUNSEL.COM - FLORIDA BAR BOARD CERTIFIED IN REAL ESTATE LAW - We assist Brokers with Short Sales

Posted by Richard Zaretsky, Florida Real Estate Attorney on 12/20/2007 05:52 AM

Comments (3)

foreclosures, foreclosure attorney, short sale, foreclosure lawyer, loan work out, mortgage foreclosure palm beach, negotiate with lender

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3 Comments on FORECLOSURES UP 68%

DEC

2007

The media is just so full of doom and gloom. It gets to the point where you don't want to hear the housing news at all. The FED needs to move faster to help some of this good folks hold onto their American Dream.

I agree the FED needs to do more to help the situation.

DEC

2007

Nor is it the bad news (facts)

The houses are priced too high.

Why is anything worth twice as much as 2000 when there is 2 years worth of inventory and 2/3 of last year's buyers wouldn't qualify for the same loan today?

Supply and Demand, nothing else going on here today, nothing anybody can do to change it.

A govt bailout will only delay the correction and lower the number of transaction (and commisions).

Whose American Dream was a $500K townhouse/condo on a $50K year salary?

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