tallahassee foreclosures: Can You Forecast Future "Best Buys" In Real Estate?
- 01/25/15 04:12 AM
Though we are still days away from releasing our Tallahassee Foreclosure Report, the data that we've compiled has allowed us to produce a forecast on where you can expect to find distressed properties this year.
Many new homebuyers like to start by educating themselves on short sales, foreclosures and bank owned properties, and there is no better way to start this process than by looking at new lis pendens filings to identify the next wave of distressed properties that will likely hit the market.
Today's report identifies the most active areas in Tallahassee for new foreclosure filings and thus where we expect to … (2 comments)
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tallahassee foreclosures: Watch Out! Foreclosure Filings Surge As Robo-Signing Is Put Behind Us
- 02/22/12 12:16 AM
One of the most sought after topics on our website involves foreclosures in Tallahassee and how the impact of distressed properties for sale in Tallahassee is impacting our housing market.
While long-time readers of the Tallahassee Real Estate Blog know that they can always find timely updates on lis pendens filings and foreclosures in Tallahassee (by clicking on the "Foreclosures" tab in our navigation bar), I also like to emphasize significant trend changes as they occur.
Where Foreclosures Begin Every foreclosure sale that has occurred began first as a lis pendens filing.
Lis pendens is Latin for “suit pending.” This may … (7 comments)
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tallahassee foreclosures: 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)
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tallahassee foreclosures: New Report Shows Foreclosure Rate On The Decline - 10 Straight Months
- 10/12/11 12:52 AM
The Tallahassee foreclosure rate has fallen again compared to last year, according to September figures released Monday by Metro Market Trends. This is the tenth consecutive month of year over year declines that began in December 2010, and it is a promising sign for the long-troubled Tallahassee real estate market.
There are still a lot of distressed properties for sale in Tallahassee, and new lis pendens filings (the beginning of a the foreclosure process) continue to come in at rates that are multiples of what Tallahassee has experienced in the "normal times." But the rate of new filings is dropping as … (4 comments)
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tallahassee foreclosures: Florida Foreclosure Filings Falling (Finally)
- 12/14/10 11:40 PM
To say that the Tallahassee Foreclosure Report is improving might sound like an oxymoron, but it is true … the bad news about distressed properties in Tallahassee is getting better! Huh?
Here is what I mean. While foreclosures (lis pendens filings) are not good news for the parties involved, seeing the number of new lis pendens being filed falling each month is good news. And that is what we are seeing.
The real estate graph above measure some key trends (where a trend is the one-year average of something being recorded) including new lis pendens filings in Leon County, … (6 comments)
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tallahassee foreclosures: Distressed Properties Not Just A Passing Thought
- 11/18/10 10:26 PM
With so much buzz about distressed properties for sale, I like to pay close attention to the Lis Pendens filings in Tallahassee. By monitoring this “first step” of the foreclosure process, we can get a feel for the volume of distressed properties likely to show up in the Tallahassee real estate market.
This is obviously not just a “passing thought” for us at CENTURY 21 First Realty, as you will see a foreclosures tab in our navigation bar on our Tallahassee Real Estate Web Site. We provide a weekly summary of lis pendens filings and a monthly and quarterly review of … (2 comments)
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tallahassee foreclosures: Defining Distress Property Sales
- 10/13/10 12:03 AM
If you had a chance to see a recent Tallahassee Real Estate Blog, Distress Home Sales Dominating Market, then you know that roughly 1 in 3 homes sold this year have been distress home sales.
Historically, less than 2% of homes that sell are typically distress homes, so you can be sure that our current level is far from typical. Some markets around the country are experiencing levels in excess of 75%, and I believe Tallahassee is heading in that direction. If you look back, a recent blog post that we did covered our forecast for the next 3 to 5 … (2 comments)
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tallahassee foreclosures: Buying A Tallahassee Foreclosure
- 03/01/10 08:20 PM
We have received so many inquiries via our new Tallahassee Foreclosures Web Site about purchasing Tallahassee foreclosures that I am feeling like a recorded message. Many buyers want the perceived deals that “foreclosures” imply, so I figured I would lay out some advice that really fits our current times.
With so many of our homes upside-down these days, the distressed property market is going to be around for quite some time, so home buyers should learn the new rules. Changing market conditions require vigilant study from real estate professionals, so make sure that you are working with a real estate … (2 comments)
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tallahassee foreclosures: Foreclosures Rising In Tallahassee Neighborhoods
- 10/15/09 12:59 AM
There is a growth of distressed properties that is appearing like a post tsunami tidal wave, and it is heading straight for the Tallahassee real estate market. The warning bells are sounding as we continue to monitor lis pendens filings and foreclosures in Tallahassee.
If you have been following our tracking of foreclosures in Tallahassee, then you won’t be surprised that we have seen another large month of filings during the month of September. The Tallahassee Foreclosure Page on our web site is getting more and more traffic every day, so I suspect that this “wave” will not catch too many … (2 comments)
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tallahassee foreclosures: Foreclosures Skyrocket In Tallahassee Housing Market
- 09/14/09 11:17 PM
We’ve been watching the lis pendens filings stack up for quite some time, knowing that foreclosures would eventually have to follow. It appears that the time is upon us. Banks now seem to be making the decision to follow through on the foreclosures that were previously just being shelved.
Tallahassee Year Over Year Foreclosures On The Rise There were 56 foreclosures in Tallahassee that were posted during the month of August, which is up 273% compared to the 15 that were closed in August of 2008. To get an idea of what Tallahassee foreclosure activity looks like in a real estate … (7 comments)
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tallahassee foreclosures: Foreclosure Assistance Success Story
- 09/03/09 10:25 PM
Just a reminder that the 12th edition of the Tallahassee Real Estate Newsletter will ship out on Monday. If you have not signed up for the free subscription, you can do so in the right sidebar of the Tallahassee Real Estate Blog. Each edition is filled with charts, graphs, and analysis of the Tallahassee real estate market.
I have always stressed that reader feedback is critical to guiding the content of the Tallahassee Real Estate Blog. Yesterday, I received a comment from a reader “EPN” that was so great to see, and it also gives notice that a program is … (2 comments)
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tallahassee foreclosures: Distressed Property Sales In Your Neighborhood
- 08/28/09 12:45 AM
The newest data has just arrived for home sales in Tallahassee, so I figured now was a good time to update the Tallahassee Subdivision Report. While I do this report every month, this will be the first time that I separate the “arms length” sales from the non arms length sales.
Just as a reminder for readers who have seen our earlier blogs on arms length sales, these are which are freely entered into by parties who don’t have a special relationship or control over one another. An arm’s length sale is indicated by the fairness of price, conditions, and other … (2 comments)
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tallahassee foreclosures: Foreclosures Rising In Tallahassee
- 08/24/09 12:28 AM
Foreclosures and short sales dominated the national news for such a long period that news of foreclosures in Tallahassee does not carry the whallup that it would have just one year ago. But people better pay close attention to what is happening with foreclosures, because we have only scratched the surface of this epidemic thus far!
We have been monitoring the Lis Pendens filings for many years, and the number of properties that actually make it to the court-house steps is usually less than ten each month. But about two years ago, we noticed that lis pendens filings in Tallahassee … (2 comments)
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tallahassee foreclosures: Tallahassee Foreclosures Surge By 63% Over Last Year
- 04/30/09 11:00 AM
We have recently updated the Tallahassee Distressed Properties page and it brings an unsurprising rise in foreclosures in Tallahassee. The lis pendens filings for 1st quarter 2009 were up 63% as compared to the 1st quarter of 2008.
In all of our distressed property reports, we rely heavily on the measurement of the lis pendens filings, so we are not counting foreclosures, rather we are counting the filings of the legal documents that are used to start a foreclosure.
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tallahassee foreclosures: Understanding Florida Foreclosure Reports II
- 09/24/08 02:11 AM
One great improvement that we have been seeing at the Tallahassee Real Estate Blog is feedback from our readers. Yesterday, “Steve” wrote such a great comment that I decided to feature it as today’s post, as it contains great information on the subject of real estate foreclosures. Here is what “Steve” had to say:
As you explained, most Lis Pendens filings do not result immediate foreclosures.
Traditionally this happened because: (1) The borrower found a way to make their mortgage current, (2) The borrower had enough equity to make a quick sale and pay off the morgage, or (3) The … (2 comments)
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tallahassee foreclosures: Understanding Florida Foreclosure Reports
- 09/24/08 02:08 AM
With all the national talk about foreclosures getting louder this year, we decided to start tracking foreclosures in Tallahassee. The first thing that we discovered is that not all foreclosures are alike, so we have some explaining to do first.
Foreclosures Simplified When somebody has been late on payments on a loan secured by real property, the lender can utilize a legal proceeding called a foreclosure in order to sell or repossess the property with the goal of satisfying the lien.
The first step in the foreclosure in Florida is the public filing of a “Lis Pendens” in the courts. The … (0 comments)
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tallahassee foreclosures: What You Need To Know About Tallahassee Foreclosures
- 08/23/08 09:59 AM
With so much being written about foreclosures nationally, it is time to put aside rumors and report exactly what is happening with foreclosures in Tallahassee. Rather than talk in general, this blog will report exactly what has occurred in Tallahassee, thus far this year.
Tallahassee Foreclosure Rate The first thing to understand is that every state has different laws on how homes are owned and mortgaged. When one state says a home has been foreclosed, it might not be exactly like a foreclosure in Tallahassee. For the purpose of this blog, I will be reporting that “foreclosures” have occurred once the … (0 comments)
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tallahassee foreclosures: Free Foreclosure List - Tallahassee Florida
- 04/03/08 01:29 AM
Perhaps the most written-about, most talked-about subject in the national real estate news has got to be foreclosures. If you believe the media, then the neighbor on your left and the neighbor on your right are both being foreclosed upon!
So, what is the truth about foreclosures in Tallahassee? Well, foreclosures in Tallahassee are certainly happening at a faster rate than I have seen in the past, but I would not say we are seeing them occur as much as the news media would make you believe. I have found the reports to be so over-stated that I … (50 comments)
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Though we are still days away from releasing our Tallahassee Foreclosure Report, the data that we've compiled has allowed us to produce a forecast on where you can expect to find distressed properties this year.
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