Blog

Charles Billi | WTSP | “Thanks to new flood insurance legislation, the watch word in real estate is “panic.” Panic if you’re a real estate investor, agent, buyer or seller- thanks to skyrocketing premiums. We’ve seen the Pinellas County meetings in the past few weeks packed with frightened residents. Now, more concern arises at an informationRead more

by MortgageOrb.com| “The national mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) increased 4.23% in September to reach 6.46% of all mortgages, according to Lender Processing Services’ (LPS) First Look Mortgage Report, which covers about 70% of the U.S. housing market. Still, the delinquency rate for September was down 12.63%Read more

Staff | Tampa Bay Business Journal | “Home flipping dropped in the third quarter of 2013 in Tampa Bay, a sign that there are fewer bargain basement properties on the market. Between July and September, 575 homes were flipped in the area, about 50 percent lower than the rate during the same time in 2012, the TampaRead more

Jann Swanson | Mortgage News Daily | “Foreclosure activity in September was up 2 percent from August, RealtyTrac said today, but the third quarter saw the lowest level of foreclosure related filings since the financial crisis began.  The company’s U.S. Foreclosure Market ReportTM covering the two periods showed 131,232 filings in September including default notices, scheduled auctions, and bank repossessions orRead more

Drew Harwell | Tampa Bay Times | “Florida is seeing fewer foreclosure filings, but so is everyone else, keeping the Sunshine State on top of the national heap for foreclosure rates, new data from research firm RealtyTrac show. About 70,000 statewide housing units saw a foreclosure filing in July, August and September, down 7 percentRead more

Michael Sasso | Tribune Staff | “An encouraging jump in home prices in the Sunshine State belies a more troubling fact below the surface: the number of foreclosed homes in banks’ possession keeps rising. RealtyTrac, a national firm that lists foreclosed homes for sale, estimates that 83,238 homes in Florida currently are classified as “real estateRead more

Press Release | Digital Journal | “RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its U.S. Foreclosure Market Report™ for September and the third quarter of 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 131,232 U.S. properties in September, a 2 percent increase from theRead more

Pamela M. Prah | Stateline “Florida still leads the country in overall foreclosure activity, but Maryland and Oregon experienced dramatic increases in foreclosure starts in recent months. Meanwhile, bank repossessions climbed significantly in Kentucky and New York. The number of U.S. homes entering the foreclosure process hit a seven-year low between July and September, but bankRead more

MARTHA BRANNIGAN | Miami Herald | “Even as Florida’s housing market is showing solid recovery with impressive gains in prices and sales volume, the state led the nation in foreclosures completed in the year ended in August; no other state was even close, according to CoreLogic. Of the 658,463 foreclosures completed nationwide during the 12-monthRead more

Mary Ellen Klas | Times/Herald Tallahassee Bureau | “From Stateline.org: Florida is among the state’s that has used its millions received from the multi-billion dollar settlement with major mortgage lenders to plug budget holes, according to a new report from Stateline.org, a project of Pewstates.org. Florida recieved $334 million from the legal settlement stemming from stateRead more