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Fla. tops in year-late home loans and Congress and the Obama Administration is clueless.

By
Real Estate Broker/Owner with Charles Stallions Real Estate Services 610125

FHFA: Fla. tops in year-late home loans

Fla. tops in year-late home loans and Congress and the Obama Administration is clueless.

166K Fla. homes had been in the foreclosure process for over a year at end of 2011; No. 2 state had only 42K that old. Read more.

That’s by far the largest pool of prolonged delinquencies nationally, with Illinois carrying the second-highest share of year-old unpaid loans at 42,000. It’s also higher than every state’s total delinquency rate except California, which had 174,000 mortgages late onpayments.

We as a country should be very concerned when the folks we send to Washington cannot not see let alone fix the housing crisis. It is as if the DC crowds does not think home ownership is worth even talking about and maybe that is the problem we have a house full of clueless folks that think they need to sit around and wait on the next election and in the mean time let the country become a government dependent nation. Fla. tops in year-late home loans and Congress and the Obama Administration is clueless.

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Charles is a Real Estate Investor of 25 years, a Real Estate Broker for 15 years while holding several degrees in management, an expert in the buying and selling of real estate. Whether you’re buying your first home, second home, vacation home, investing in rentals, a kiddie condo for college or your dream home, buying any home is an investment in the future and you owe it to yourself to have Charles’s expertise to buy right and make the right decisions for YOU. For over the phone evaluation and NO Obligation CALL NOW!, you have OPTIONS, we have FACTS, let’s TALK

 

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

That is a lot of foreclosures and a lot of damage to home values, thoughout the state. Keep the goverment out of the real estate business. The market will turn, but it will take more time.

Thank you for sharing the post will all of us.

Apr 06, 2012 08:22 PM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Seems like the government's solutions is simply to put out another government program.  HARP 2 might be a viable candidate though but you can't be delinquent on your loan to pull that one off.

Apr 08, 2012 01:51 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

Thanks Joe and Rob, IMHO states could take care of most government functions as they are closest to the ground for each state. The feds should only take care of state disputes and national events.

Apr 10, 2012 10:27 PM