Cape Coral-Fort Myers market recorded only 2,509 foreclosure-related short sales and bank owned sales in the second quarter of this year. This number means a 5.3% decline from the previous quarter and a 41% drop from the same period a year prior, according to RealtyTrac data. The average sales price for the foreclosure home was [...]
Pending sales and median prices show signs of real estate stability, the recently released NABOR (Naples Area Board of Realtors) report states. Pending sales increased to 775 contracts from 760 contracts recorded a year ago, while the median price for properties over $300,000 increased to $550,000 from $540,000 a year ago. “The fact that we [...]
Collier County ranked third in the state of Florida for its foreclosure rate. The county recorded 739 foreclosure filing last month, or one for every 263 households, the Irvine, California-based RealtyTrac reported. This number is a 83% rise from the prior month, when there were only 403 foreclosure filings in the area. RealtyTrac’s report has [...]
Just 365 days after it opened its doors the Hyatt Regency Clearwater Beach resort and spa owners face foreclosure. The reason is the $141 million mortgage they fell behind. The 17-story real estate soon became the centerpiece of the vacationer’s attention, but on the other side, many prospective buyers of the condo-hotel rooms filed lawsuits [...]
Home prices are falling in the North-Port-Bradenton-Sarasota area, according to CoreLogic. The national tracking service recorded a 7.6% decline from June 2010 to June 2011, according to its Wednesday release. “Even excluding distressed properties, or properties in some stage of foreclosure, or near foreclosure, prices dropped 1.4% from June of last year to this year,” [...]
It looks like the attitude of banks has changed from foreclosing to avoiding foreclosure, as they show a new willingness to offer a loan modification or other opportunities to work things out with the distressed borrower. According to some voices a continued slowdown comes in Lee County, while other say the trend only shows a [...]
