lis pendens tallahassee: What You Gain From A Study Of New Lis Pendens Filings
- 10/23/14 10:25 PM
With the end of another quarter of home sales in Tallahassee, we have just recently updated our reports on lis pendens filings and foreclosure sales. The trend of foreclosure sales is soaring, an unsurprising result of the past lis pendens filings that have occurred. But a recent trend reversal on lis pendens filings is a cause for concern regarding the near future of home sales and values in Tallahassee. Tallahassee Foreclosure Report While it seems like bad news to hear that foreclosure sales in Tallahassee were up more than 80% versus this same month last year, the reality is that foreclosure sales are the end result … (4 comments)
lis pendens tallahassee: Good News! Foreclosures Up 92%
- 02/16/14 08:36 PM
Yes, you read the headline correctly. Foreclosures in Tallahassee soared in January when compared to January 2013. We are seeing more of these distressed properties being pushed through the healing housing market, and it is not likely to stop anytime soon. But there is good news to be found among the distressed properties. New foreclosure filings (click here to see all lis pendens filed in January) are on the decline, meaning future foreclosure sales will eventually start to decline, as fewer of our current homeowners are in default.
New lis pendens filings have been consistent for the past three … (2 comments)
lis pendens tallahassee: Foreclosures Rise 316% - Cause For Concern Or Something Else?
- 12/15/13 07:45 PM
In case you missed our update on Tallahassee foreclosures, the year over year change in November showed a rise of 316%. Yeah, that's not a typo, our latest report on foreclosures in Tallahassee showed 187 recorded in November, versus 45 that were recorded in November 2012. So is this bad news or good news for the Tallahassee real estate market? Large Increase In Tallahassee Foreclosures It's hard to fathom that a report of a substantial increase in the number of foreclosures could have any bit of good news attached to it, but we have found it. … (42 comments)
lis pendens tallahassee: A Welcomed Change In Foreclosures Trend
- 09/29/13 10:19 PM
The number of new lis pendens filed each month is on a sharp decline, possibly indicating the beginning of the return to normalcy for foreclosures in Tallahassee. With roughly 1 new foreclosure for every 3 houses sold in the past year, Tallahassee has been looking for relief in the distressed properties market. Foreclosures in Tallahassee MLS Distressed properties in Tallahassee are still abundant, so we keep an eye on new lis pendens filings each month in order to be able to forecast changes in the coming months and years. Currently, there are 220 short sales available in Tallahassee, and an additional … (2 comments)
lis pendens tallahassee: Foreclosure Report Raises More Questions Than Answers
- 03/12/13 11:01 PM
There are still way too many Tallahassee foreclosures, and they are fueling the shadow inventory of homes at an alarming rate. Increased activity among homebuyers has many people thinking the market has recovered, but I am still trying to find out why more of the distressed homes for sale in Tallahassee have not formally entered the housing market. I shudder to think what would happen if all of the Tallahassee foreclosures from the recent past showed up as active listings in the Tallahassee MLS. Tallahassee Foreclosures By The Numbers There were 81 Tallahassee Foreclosures finalized "at the courthouse steps" in February, … (2 comments)
lis pendens tallahassee: Next Year's Market Is Today's Foreclosure Filings
- 09/18/12 10:38 PM
Recently, a reader wrote in as a response to our article on the wave of foreclosures that is hitting Tallahassee and wanted to know if we could summarize the property traits that we are seeing in new lis pendens filings. As a reminder, a lis pendens is a written notice that a lawsuit has been filed which concerns the title to real property. Basically, it means a lender is suing the property owner for default of a loan agreement. By looking at the new filings, we get a feel for the distressed properties that will be soon joining the list of … (18 comments)
lis pendens tallahassee: Yesterday's News On Foreclosures Will Impact Us For Years
- 09/13/12 11:48 PM
For our patient readers who have been waiting for the Tallahassee foreclosure update, the news is finally here. And while our previous warning that the foreclosure situation in Tallahassee would become severe, it took the August home sales data to really understand how big this wave just might be.
Tallahassee Foreclosure Perspective This first foreclosure graph provides perspective. The green lines show the annual number of lis pendens filed, while the red lines show the annual number of foreclosure sales in Tallahassee. The blue line shows the ratio of sales to filings (meaning this is the number of non-performing loans … (49 comments)
lis pendens tallahassee: Foreclosures Rise By 158% In April
- 05/17/12 08:58 PM
Foreclosures in Leon County are growing at an alarming rate, and all this talk about a real estate recovery is soon going to be drowned out by a market saturated with distressed properties. New lis pendens filings in April grew by a scary 112% over April 2011, and foreclosures in Leon County grew by an even scarier amount of 158% versus April 2011. This is not what a "getting better" real estate market looks like. Foreclosures In Leon County Rise 6 Months In A Row When we look at the real estate graph below, we see that lis pendens (new foreclosure … (59 comments)
lis pendens tallahassee: Foreclosure Rate On The Rise (AGAIN)
- 12/22/11 08:25 AM
If you are somebody who tracks Tallahassee foreclosure activity as a way to forecast the future of distressed property sales, then you most likely know that new Tallahassee lis pendens filings are on the rise again. This means that more distressed properties are on the way to join the glut of homes for sale in Tallahassee. We have been anxiously awaiting the November Foreclosure Report (as we have for the most recent months since the supposed end of the “robo-signing” scandal earlier this year) knowing that the new lis pendens reports will all but forecast the supply side of the 2012 … (16 comments)
lis pendens tallahassee: Strong Neighborhoods Must Lead The Real Estate Recovery In Tallahassee
- 08/22/11 02:21 AM
There are some strong neighborhoods in Tallahassee that must lead the way to the Tallahassee real estate recovery. In doing my research for this morning's post on the Tallahassee Foreclosure Ratio, I discovered that more than a third of Tallahassee neighborhoods have not had a foreclosure filed since before January 2008. I was surprised to say the least, and this is very good news for the Tallahassee housing market. Strong neighborhoods must lead the charge for the real estate recovery in Tallahassee.
The graph above shows the top-selling neighborhoods in Tallahassee that have not had a foreclose filing since I … (2 comments)
lis pendens tallahassee: More Foreclosure Starts Are Making It To The Courthouse Steps
- 03/22/11 02:06 PM
The graph below shows the continuing trend of banks pushing through to a final foreclosure sale. In the past, roughly 10 to 15% of lis pendens that were filed on a property resulted in a foreclosure sale. The homeowner was usually able to find an alternate solution to foreclosure, such as getting current on the loan, selling the home through normal market conditions, selling short, or surrendering the property to the bank in what is referred to as “deed in lieu of foreclosure.”
But times have changed. The blue line on the graph below shows that the ratio of foreclosure sales to lis pendens filings is about to reach 60%, … (6 comments)
With the end of another quarter of home sales in Tallahassee, we have just recently updated our reports on lis pendens filings and foreclosure sales.
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