Florida Foreclosure Pain Continues
Foreclosure activity is on the rise as Florida continues to have one of the highest rates of foreclosures in the nation. California and Nevada round out the top three and foreclosures were reported as increasing 32 percent from last year.
This means that more bank repos are on the way and depreciation of Florida real estate [...]
Property Underwater? You have 2 choices
Pay or do not Pay.
Florida, California and Nevada fill up the top ten cities with negative equity, with 43.5% of homes being upside down in nearby Port St. Lucie.
You pay, you stay. You don’t pay, you will be foreclosed on and will be forced to move out.
Modifications are rare, and usually only done [...]
Top 5 Foreclosure Mistakes
If you do decide to invest, make sure you avoid these top 5 foreclosue purchasing mistakes:
1. You say, “It was worth double that in 2005.” IRRELEVANT. You need to look at where the value is going, not where it’s been. Most properties will continue to depreciate for many years. The property is currently worth whatever [...]
Share your thoughts..