Don’t you just love the Real Estate and Investment writers that announce THE HOUSING RECOVERY IS HERE, and then one week later tell you THE HOUSING RECOVERY IS THREATENED. Just last week the New York Times published “After Years of False Hopes, Signs of a Turn in Housing which was followed by Forbes, Morgan Brennan, with America’s New Foreclosure Capitals. In Brennan’s article she points out that the housing recovery in Tampa could falter due to the large supply of homes in various stages of foreclosure. She refers to the problems Banks have had getting properties through the foreclosure process due to Robo Signers and the fact that Florida is a judicial state which makesforeclosures more difficult. It may help sell papers or magazines warning that a WAVE OF FORECLOSURES LOOM AHEAD but that ignores one simple fact that’s almost as sure as death and taxes. Banks like to make money. They have been holding what have mostly been non-performing assets for a long time and they want to get as much money from them as possible.
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