Yes, it's true--The State of Florida has a lawsuit against the Nation's largest lender--Countrywide Mortgage, while Bank of America finishes it's acquisition of the troubled company.  Our State's Attorney General says Countrywide HAD to know they were giving loans out like handing lollipops to diabetic babies.  Big news, right?

Here's the kind of news I like to see--Foreclosure numbers are DOWN, at least in the counties I'm lookin' at, and those are the ones I care about the most!  Take a look:

First Quarter (Jan-March 2008) Pasco County Foreclosure SALES:

  • <100K            66             sold in average 80 days on market
  • 100-200K       54             sold in average 80 days on market
  • 200+             18              sold in average 69 days on market
  • TOTAL             138

Second Quarter (April-June 2008) Pasco County Foreclosure SALES:

  •  
    •  
      • <100K           102             sold in average 56 days on market
      • 100-200K        61             sold in average 77 days on market
      • 200+              29              sold in average 64 days on market
      • TOTAL              192

Here's the Good news--based on these numbers, and the average days it has taken these homes to sell, we should have an inventory higher than the last 3 months' sales (192), but:

  •  
    • <100K           75 ACTIVE     
    • 100-200K      59 ACTIVE     
    • 200+            28 ACTIVE     
    • TOTAL            162  ACTIVE      

 Looks like a good time to jump on the FORECLOSURE BUS!

Easy Fill-in FORM ONLINE:

 www.ForeclosureBusTampa.com

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For Preview Homes see:  Tampa-Bay-Foreclosure-Bus

 
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3 Comments on Take A Peak Up Countrywide's Skirt...Yikes! Are Foreclosures Slowing Down?

JUL
02
2008
451,438 Points 28 Featured Posts Localism Sponsor Outside Blog

Loretta, What wonderful news....maybe a turnaround will come faster in some areas and you just might be leading the way!  ( I can hope, can't I?)

7:09pm • #1

 

they were giving loans out like handing lollipops to diabetic babies.??? That's one way to put it!  :-) 

 

company logo

7:11pm • #2

We can all hope, Carole!  Tampa Bay is in the top 15 markets in Florida for foreclosures, but it sure looks to me like we may be poised for a turnaround!

Didja like that, Ken?  I was trying to think of an effective comparison...:^)

7:34pm • #3

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Loretta Buckner | Your Home Retention Expert and GREEN Consultant For Life!

Palm Harbor, FL

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Real World Properties, Inc. - Home of ForeclosureBusTampa!

Address: www.Pasco-PinellasHomeSearch.com, ForeclosureBusTampa.com, PinellasHomesbyEmail.com, Palm Harbor, FL, 34683

Office Phone: (727) 656-6206

Cell Phone: (727) 452-0023

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