lakeland fl foreclosures: Buying A Lakeland FL Foreclosure - 07/16/12 10:17 PM
Buying A Lakeland FL Foreclosure
Great deals can be made when buying a foreclosed home in Lakeland Florida. Generally, these homes can be purchased anywhere between 15%-40% below current market value. If you are considering buying a Lakeland FL foreclosure at a deep discount, I would strongly recommend hiring a real estate attorney and/or a buyer’s agent who is experienced in the foreclosure buying process.  There are different ways to buy a foreclosed property in Lakeland:
Court house steps – online auction
More caution is required when buying a Lakeland FL foreclosure at sheriff sale or trustee sale, also known as court house auction.  While the State … (3 comments)

lakeland fl foreclosures: Lakeland FL Short Sale and Foreclosure Market Report – October 2011 - 12/04/11 08:16 AM
Lakeland FL Short Sale and Foreclosure Market Report – October 2011 
For the month of October, the Lakeland real estate market of short sales and bank-owned (REO) properties has increased. There were a total of only 98 distressed homes sold that were in some kind of distress, compared to the 86 homes the previous month and 102 home the previous year.
Current inventory for Lakeland FL foreclosures as of 12/04/11 is at 78, while 63 homes currently are under contract and awaiting closing. 
What are the price ranges, buyers and investors are most interested?
Lakeland Foreclosures Market Report
$49,999 or under - … (2 comments)

lakeland fl foreclosures: Lakeland FL Short Sale and Foreclosure Market Report – August 2011 - 09/26/11 01:15 PM
Lakeland FL Short Sale and Foreclosure Market Report – August 2011
For the month of August, the Lakeland real estate market of short sales and bank-owned (REO) properties have rose well above last month sale. There were a total of only 107 distressed homes sold that were in some kind of distress, compared to the 69 homes the previous month and 110 home the previous year.
Current inventory for Lakeland foreclosures as of 9/26/11 is at 71, while 92 homes currently are under contract and awaiting closing. 
What are the price ranges, buyers and investors are most interested?
Lakeland Foreclosures Market Report
(2 comments)

lakeland fl foreclosures: Lakeland FL Short Sale and Foreclosure Market Report – June 2011 - 07/28/11 04:27 AM
Lakeland FL Short Sale and Foreclosure Market Report – June 2011
 
For the month of June, the Lakeland real estate market of short sales and bank-owned (REO) properties remained the same from the previous month. There were a total of 118 distressed homes sold. 
Lakeland Florida overall market share for short sales and foreclosures that were sold remains high at 54% compared to traditional sales, according to Mid-Florida Regional MLS.
Current inventory for Lakeland foreclosures as of 7/28/11 is at 73, while 103 homes currently are under contract and awaiting closing. Of the 75 foreclosure homes that were sold, most of the homes sold, have sold … (3 comments)

lakeland fl foreclosures: Lakeland FL Short Sale and Foreclosure Market Report – April 2011 - 05/22/11 09:37 AM
Lakeland FL Short Sale and Foreclosure Market Report – April 2011
 
For the month of April, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold increased to 58.60% from the previous month. There were a total of 126 distressed homes sold, an increase from the previous months and 116 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
  
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.
Average days to Closing for bank-owned properties are 146 days
Average days to … (1 comments)

lakeland fl foreclosures: Lakeland FL Short Sale and Foreclosure Market Report – March 2011 - 04/27/11 05:25 AM
 
Lakeland FL Short Sale and Foreclosure Market Report – March 2011
 
For the month of March, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold decreased to 54.18% from the previous month. There were a total of 123 distressed homes sold, an increase from the previous months and 129 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
  
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.
 
  
 
Average days to Closing for bank-owned properties are 142 … (0 comments)

lakeland fl foreclosures: Lakeland Florida Short Sale and Foreclosure Market Report – February 2011 - 04/05/11 02:20 AM
 
Lakeland Florida Short Sale and Foreclosure Market Report – February 2011
For the month of February, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold decreased to 67.46% from the previous month. There were a total of 114 distressed homes sold, the same as January 2011 and 89 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
  
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.
 

 
Average days to Closing for bank-owned properties are 124 days
Average … (0 comments)

lakeland fl foreclosures: Lakeland Florida Short Sale and Foreclosure Market Report – January 2011 - 02/25/11 07:36 AM
 
Lakeland Florida Short Sale and Foreclosure Market Report – January 2011
 
For the month of January, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold increased to 67.46% from the previous month. There were a total of 114 distressed homes sold, compared to 119 in December and 87 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
 
Currently there are a total of 1760 Lakeland FL homes for sale and 557 homes under contract (02/25/2011). In order to get true market share, I calculated the total inventory; active and homes that are under … (0 comments)

lakeland fl foreclosures: Lakeland Florida Short Sale and Foreclosure Market Report – December 2010 - 01/24/11 07:33 AM
 
Lakeland Florida Short Sale and Foreclosure Market Report – December 2010
 
For the month of December, the Lakeland real estate market of short sales and bank-owned (REO) properties market share increased to 61.03% from the previous month. There were a total of 119 distressed homes sold, compared to 73 in November and 103 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
 
Currently there are a total of 2344 Lakeland FL homes for sale and 470 homes under contract (01/24/2011). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties … (3 comments)

lakeland fl foreclosures: Everybody Wants to Buy a Lakeland Foreclosure - Caveat Emptor - 01/06/11 12:43 AM
Everybody Wants to Buy a Foreclosure in Lakeland Florida - Caveat Emptor
Last year was proof that everybody that wanted to buy a home, had their eyes on a Lakeland Florida foreclosure first.  Foreclosure sales alone dominated the Lakeland FL real estate market in 2010 when compared to traditional sales and short sales.  Most of those sales were recorded as a cash transaction, however, this is subject another article in my monthly market reports that will be coming to you soon.  I wonder how many of those potential buyers actually missed out on a great opportunity buying foreclosed home in Lakeland because of their ignorance or their inexperience.    If you are … (2 comments)

lakeland fl foreclosures: Lakeland FL Homes For Sale - Short Sale & Foreclosure Market Report for November 2010 - 12/27/10 08:24 AM
Lakeland FL Homes For Sale - Short Sale & Foreclosure Market Report for November 2010



 
For the month of November, the Lakeland FL real estate market of short sales and bank-owned (REO) homes sold decreased to 54.89% from the previous month, reasoning the recent foreclosure moratorium. There were a total of 100 distressed homes sold, compared to 100 in October and 94 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional ML

 



Currently there are a total of 1937 Lakeland FL homes for sale and 442 homes under contract (12/23/2010). By calculating total inventory, homes that are under contract which are … (1 comments)

lakeland fl foreclosures: Lakeland Florida Short Sale and Foreclosure Market Report – November 2010 - 12/23/10 08:42 AM

Lakeland Florida Short Sale and Foreclosure Market Report – November 2010


For the month of November, the Lakeland real estate market of short sales and bank-owned (REO) homes sold decreased to 54.89% from the previous month, reasoning the recent foreclosure moratorium. There were a total of 100 distressed homes sold, compared to 100 in October and 94 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
Currently there are a total of 1937 Lakeland FL homes for sale and 442 homes under contract (12/23/2010). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties have not … (1 comments)

lakeland fl foreclosures: Lakeland Florida Short Sale and Foreclosure Market Report – October 2010 - 11/27/10 09:25 AM

Lakeland Florida Short Sale and Foreclosure Market Report – October 2010
 
For the month of October, the Lakeland real estate market of short sales and bank-owned (REO) properties market share decreased to 60% from the previous month, reasoning the recent foreclosure moratorium. There were a total of 100 distressed homes sold, compared to 130 in September and 92 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
 
Currently there are a total of 1882 Lakeland FL homes for sale and 462 homes under contract (11/27/2010). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties have … (2 comments)

lakeland fl foreclosures: Lakeland Florida Short Sale and Foreclosure Home Sales – September 2010 - 10/28/10 12:27 AM
 
Lakeland Florida Short Sale and Foreclosure Home Sales – September 2010
 For the month of September, the Lakeland FL real estate market of short sales and bank-owned (REO) home sales increased to 67% from the previous month. There were a total of 130 distressed homes sold, compared to 108 in August and 99 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS. Currently there are a total of 1867 Lakeland FL homes for sale and 491 homes under contract (10/26/2010). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties have not closed … (1 comments)

lakeland fl foreclosures: Lakeland FL Foreclosures vs. Lakeland FL Short Sales – Lenders and Title Insurance - 10/11/10 02:26 PM
 
Lakeland FL Foreclosures vs. Lakeland FL Short Sales – Lenders and Title InsuranceFor the past week we heard that banks such as JP Morgan Chase, Bank of America - now all 50 states, and GMAC suspended foreclosures in over 20 states including Florida. Florida Judges halting foreclosures, primarily due to fraudulent and improper paperwork and rubber-stamping or “robo-signing” without reviewing the documents. Title Insurance Company stopped issuing owner’s title policy on foreclosed properties making it impossible to buy a foreclosure.Most owners who have stowed away their Owner’s Title Insurance Policy may want to find it and dust it off, especially … (3 comments)

 
Petra Norris, Realtor, Lakeland FL Homes for Sale (Lakeland Real Estate Group, Inc.) Rainmaker large

Petra Norris

Realtor, Lakeland FL Homes for Sale

Lakeland, FL

More about me…

Lakeland Real Estate Group, Inc.

Address: PO Box 92050, Lakeland, FL, 33804-2050

Office: (863) 619-6918

Mobile: (863) 712-4207

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