foreclosures: What's Really Going on with Short Sales & REO's in Naples?
- 12/10/09 01:42 AM
I've done some digging in the Naples Real Estate Market to try to find out what is really going on with Short Sales & REO's as it relates to the following questions. Is there another wave coming through & if so when and how small or big will it be? How many seller's are still in trouble or behind on their mortgage payment? Here's what I found at the end of all the digging. First to clarify the process, an LP (Lis Pendens) is filled once your 3 mortgage payments behind then later an FJ (Final Judgment) which states when … (3 comments)
foreclosures: Home for the Holidays...
- 11/30/08 03:31 AM
FORECLOSURESThere could be new meaning to "home for the holidays." Gov. Crist said Monday he's considering a temporary freeze on housing foreclosures in Florida to provide some holiday relief from housing and financial turmoil.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-112508.cfm DEVELOPERSSaying they've been labeled "toxic" by lenders, Florida's home builders are upset over the way lending institutions are using the $700 billion bailout fund that Congress and President Bush approved in October. They say the money isn't being passed along to the slumping construction industry.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4-112508.cfm
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foreclosures: More Foreclosures, Buyer's Ready
- 09/09/08 03:59 AM
FORECLOSURESThe number of failing mortgages in Florida continued to rise in the second quarter, according to the latest Mortgage Bankers Association survey. In Florida, the percentage of home loans in foreclosure was higher than in any other state and almost double the national average. A small consolation: Subprime foreclosures may have hit their peak in Florida, the report says.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n3-090808.cfm There's two sides to every story and though it's true that more foreclosures keep coming through the flip side is that there's buyer's willing, able & ready to buy those good deals. My last 2 deals have been Bank … (0 comments)
foreclosures: Foreclosures Remain High, Prevent with Hope Now
- 09/06/08 02:19 AM
FORECLOSURESWhile the number of foreclosures remains high, thousands of homeowners on the verge of losing their homes find last-minute ways to prevent it. In the second quarter of 2008, mortgage servicers finished more than 522,000 workouts through the Hope Now program, allowing distressed homeowners to keep their houses.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4-090408.cfm www.HopeNow.com Mission StatementHOPE NOW is an alliance between counselors, servicers, investors, and other mortgage market participants. This alliance will maximize outreach efforts to homeowners in distress to help them stay in their homes and will create a unified, coordinated plan to reach and help as many homeowners as possible. The … (0 comments)
foreclosures: Foreclosure Stats in Naples
- 08/27/08 12:59 PM
Thru July of this year, there have been 3,754 closings in Sunshine MLS, in the specified areas. So as you can see by the numbers below foreclosure are not the majority of sales taking place in Naples. Only 163 of these were foreclosures, which is a very small number as compared to what media reports would lead one to believe. (4.3%) 45% of the foreclosures were in Golden Gate City and Golden Gate Estates, so there are only 90 closed foreclosure sales in ALL other areas. 84% of the 163 foreclosures sold at $300,000 or less, so it is primarily confined … (0 comments)
foreclosures: Will the housing-rescue law help you?
- 07/30/08 12:29 PM
HOMEOWNERS... Questions and answers about the Hope for Homeowners Act of 2008, signed into law by President Bush Wednesday to try to steer as many as 400,000 struggling homeowners away from foreclosure: Q: What exactly will the legislation do? Q: Who is eligible? Q: When does the program start? Q: Since lenders can pick and choose which loans to refinance, how can consumers determine if theirs will be selected? Q: What happens if I'm able to sell my home after I refinance?
Q: Where can consumers find more detailed information about the plan? A: Click here for a six-page summary … (0 comments)
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