In July, President Barack Obama started placing pressure on banks and mortgage companies to put forth a greater effort to revise home loan terms in order to make them more affordable and avoid additional foreclosures. The President’s actions came as a relief to tens of thousands of homeowners who stood worried that their home [...]
The rate of foreclosures spanning July through September has increased nationwide by an average of 2 percent according to three of the major real estate data reporting companies. However, in the Sunshine State both the Notice of Default (NOD) filings and actual auctions of FL foreclosures fell 6 percent.
Foreclosures Fall In Recent Months
The month [...]
Real estate data companies that track CA foreclosure and how they impact the market have revealed that the number of defaults in the state is in a state of decline. Are we seeing the beginning of a recovery in California’s housing market or is it a mirage in the desert?
Right now analysts are saying [...]
All of the traditional news outlets seemed to be overwhelmingly optimistic about the prospect of economic recovery today after the Dow Jones Industrial Average crossed and then settled above the 10,000 mark for the first time in over a year.
Fueling the run up in stock prices today was the billions of dollars in 3rd quarter [...]
Both the people and government of Florida have worked tirelessly to cause the American public to associate Florida with sunshine, oranges, the Everglades, and vacations at Disney World. Unfortunately, over the span of 36 months the state of Florida has lost its identity as the sunshine State and has become associated with the word “Foreclosure”. [...]