wellington foreclosure: Interest Rates Fall for a 2nd Straight Week, Firmly Below 5% - 02/26/11 08:24 PM

Interest rates drop for the second week in a row and remain firmly below 5%.
In what has become a rare treat, interest rates have dropped for a second consecutive week, which has only happened two other times over the previous six month period.  As of this morning the average overnight rate, as reported by Bankrate.com, for a 30 year fixed rate sits at 4.87% down another 6 basis points from the 4.93% we were at one week ago today. Remember this is the average overnight rate and those with good credit will still be able to lock in … (2 comments)

wellington foreclosure: Presidents Day Slows Palm Beach County Foreclosures - 02/25/11 08:09 PM
Palm Beach County foreclosures drop mainly due to shortened holiday week.
With a holiday on Monday there were only four foreclosure auction days this week and as one would expect the number of properties foreclosed upon dropped. Next week we get back to a full week and a “normal schedule” so numbers should once again tick up. It was reported on Thursday that the gap between the average sale of a foreclosed home and that of other properties continues to widen.
The chart above represents the actual foreclosure sales for each week over the past six month period. We do … (1 comments)

wellington foreclosure: Palm Beach County Foreclosure Auctions Pick up Steam - 01/14/11 08:21 AM

Back to the normal work week schedule and as nice as all of the November and December holidays are I really enjoy this time of year. The Palm Beach County Clerk was busy this week recording the 6th highest weekly total of foreclosures over the past 6 months. 
Since the five day schedule is a relatively new format it will be worthwhile to keep watching the actual foreclosure numbers as we move through the year. A relatively new phenomena is the success we have recently been seeing of third party bidders winning a much larger number of … (0 comments)

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Tom Priester

Paradise Sharks

Jupiter, FL

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Paradise Sharks

Address: 346 Country Club Drive, Tequesta, FL, 33469

Office: (561) 308-0175

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