Very Cool Interactive Foreclosure Map

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

Hi guys. Here's a very cool interactive map*** showing the foreclosure activity throughout the United States. In my area, Polk County Florida, 1 in 297 properties is in foreclosure. In 2009 it was 1 in 149. So I guess that's something :)

Short Sales however have increased quite a bit. In 2009 only 763 short Sales closed in all of Polk County. Year to date for 2012 is 1,355. So Short Sales have more than doubled in the last 3 years while foreclosures are half what they were in 2009.

It looks like more people are being proactive and choosing to do a Short Sale over just letting their property be foreclosed. Since Florida is a deficiency State that’s a very good thing.

Doing a short sale at least gives the Seller/borrower an opportunity to negotiate an exit strategy to hopefully avoid a Deficiency Judgment in the future.

My experience is that most lenders will waive their deficiency rights if the Borrower does the right thing  and doesn’t just walk away from the property. Not only can you get your deficiency waived but you may also receive money at closing.

We’ve recently had some of our Sellers receive as much as $23,000 at closing. Now isn’t that better than being foreclosed on?

***The map came from: http://www.wnyc.org/ using data from Realtytrac.

 

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***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Barbara Tattersall 10/03/2012 09:04 PM
  2. Jay Carden 10/04/2012 03:11 AM
  3. Ryan Jennings 10/04/2012 12:39 PM
  4. Gabe Sanders 10/07/2012 09:19 PM
Topic:
ActiveRain Community
Location:
Florida Orange County Orlando
Tags:
foreclosure map

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Rainer
95,498
Shane Barker
Amerifirst Financial, INC. - Salt Lake City, UT

Wow, this is great for me to use in my own investment strategies.  This is a great way to put the data together.

Oct 04, 2012 03:34 AM #29
Rainer
284,418
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA

Bryan -- thank you for finding this and sharing it with the rest of us.  It does give us some better data to work with in dealing with clients.

Oct 04, 2012 06:46 AM #30
Rainmaker
1,181,300
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Bryant-The northwest looks relatively healthy compared to SE. Great find.

 

Thanks,

Oct 04, 2012 09:03 AM #31
Ambassador
2,300,655
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

I keeep telling everyone that we do not have the problems that the rest of the nation has been faced with...

Oct 04, 2012 09:04 AM #32
Rainmaker
889,662
Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

Bryant - I give you a lot of credit for keeping your head above water during a terrible prolonged period in your market.  You adapted and succeeded.  Now it looks like you will have to shift again as the market improves.

Oct 04, 2012 10:25 AM #33
Rainer
234,747
David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Thanks Bryant - nice tool - not much color in socal which is a little surprising. Regards Dave

Oct 04, 2012 11:45 AM #34
Ambassador
2,009,552
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

BB - I hadn't seen this yet though it's a great graphic to show people.

Oct 04, 2012 02:30 PM #35
Rainmaker
1,142,260
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Hi guys. Thanks for stopping by.

I found that map through a Facebook posting from Linda K Mayer. I just swiped it :)

Whoever put the map together did an awesome job.

Oct 04, 2012 03:47 PM #36
Rainmaker
1,522,098
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Cool map. Not surprising Florida is so "brightly" colored here! Thanks!

Oct 04, 2012 10:38 PM #37
Rainmaker
1,553,307
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

I saw something like this recently but it wasn't interactive. I'll use it, thanks!

Oct 04, 2012 10:50 PM #38
Rainmaker
384,836
Trumps Elite
Keller Williams Realty Acadiana - Lafayette, LA
Realtors/Career Consultant

Cool map but not accurate when it comes to our area of Lafayette, Louisiana. It's way off! It lists 1 foreclosure in 1,171 for this past July. Right now we have 59 foreclosures (active listings) for 1,123 total inventory. Our levels have been pretty stable for the past few years. Am I missing something?

Oct 04, 2012 11:30 PM #39
Rainmaker
846,857
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Bryan, that is very cool.  We wanted to sit there and paly with it!

Oct 05, 2012 01:16 AM #40
Rainer
482,289
Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

Very good tool to show investors where the distressed properties are located and the trending opportunities either increasing or decreasing. 

Oct 05, 2012 01:59 AM #41
Rainer
293,425
Nan Jester
Exit Real Estate Gallery Jacksonville Beach, FL - Jacksonville Beach, FL
Realtor, Exit Real Estate Gallery

This is pretty cool until you check out your own area and see that such a huge number of people in your area are in foreclosure. Hope it continues to get better from here.

Oct 05, 2012 06:49 AM #42
Rainer
503,844
Dörte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Bryant,

Very cool. I was surprised, there are not more foreclosed properties in Baltimore City.

Oct 05, 2012 11:10 AM #43
Rainer
30,317
Peter Michelbach
International, IT
i Sell Real Estate

Hi Bryan,

like with everything else data is not always 100% . Yet this is  a cool informative map -- great tool -- both for investors, sellers and buyers alike and for us agents (inclusive those from overseas as well) to measure the past, present and determine future trends..... Thank you for sharing.

Oct 05, 2012 10:19 PM #44
Rainmaker
540,451
Karen Rice
Davis R. Chant, REALTORS - Hawley, PA
Northeast PA & Lake Wallenpaupack Home Sales

This is great BB. Really appreciate it!

Oct 06, 2012 03:17 AM #45
Rainmaker
545,619
Jon Quist
REALTY EXECUTIVES TUCSON ELITE - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

Really a great map. Now if I can figure out how to save that little puppy?

Oct 06, 2012 03:48 PM #46
Rainmaker
1,502,376
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

I guess us folks out in the middle of the Pacific didn't make the cut, which is not unusual.  Nice map though!

Oct 07, 2012 11:55 AM #47
Ambassador
4,049,531
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Cool map, BB. We are making progress here in San Diego, but still worse off than back in 2007.

Jeff

Oct 08, 2012 04:41 AM #48
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Rainmaker
1,142,260

Bryant Tutas

Selling Florida one home at a time
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