Florida's Home Foreclosures

I was just commenting on a real estate blog post here on Active Rain, with the TV turned down pretty low. I tend to blog this way quite freqently. I don't really like to just sit and watch TV. Actually, I think I'm incapable of doing just one thing at a time. Anyway, I wasn't really paying attention to the TV until I heard a commercial that had just one statement that got my attention. It was about the real estate foreclosure market in Florida.

With the presidential election coming up in just a few weeks, there have been a lot of political commercials on TV, and this was one of them. So I'm far from being completely convinced as to the validity of this statement. (It was, of course, just more mud slinging in the rest of the commercial.) But the statement was that the state of Florida is experiencing more than 1400 home foreclosures per day. WHAT!?! Per day!?! Wow!

So I'd like to know if anyone can verify the statement that I just heard... "The state of Florida is experiencing more than 1400 home foreclosures per day." Can anyone verify these numbers?

That being said, I'll have 4 VERY affordable condos coming on the market soon. These will be short sales, but they were financed through a private lender who has agreed to the prices and the commissions. We have the lender's assurance that there will be no delays on getting the contracts signed, and the commission will not be reduced. 3 of these units are in the same building where I had many units listed for sale over the last year. A few of them sold, but 3 of them are now being foreclosed on by a private lender. The 4th unit is financed by this same lender, but is in a different condominium, located directly on the river. Stay tuned for more information. Just be a little bit patient. I've been working with these clients for over a year. While they're quick to get things sold, they're a bit slow in getting signatures on all the initial paperwork.

I'll keep you posted. In the interim, view the condos for sale in the condo-conversion project, from when I initially listed the entire building. Just follow the link above. They're all beautifully remodeled.

www.DaytonaBeachRealEstateSales.com

www.DaytonaBeachRealEstateVideos.com

For all your real estate needs, make a Smart Choice and contact Lisa C. Hill, with Adams Cameron & Co., REALTORS®.