Once again the numbers are in and the Foreclosure problem is spreading. Yesterday RealtyTrac released the 2009 Year-End U.S. Foreclosure Market Report. Florida and three other states accounted for more than 50 percent of the national total in 2009.
“While it was expected that cities from states with the highest levels of foreclosure activity would top the charts, there is evidence that we’re entering a new wave of foreclosures, driven more by unemployment and economic hardship than what we’ve seen over the past few years,” said RealtyTrac CEO James J. Saccacio.
Friday, January 29, 2010
Fannie Mae to assist buyers
Fannie Mae is offering up to 3.5% in closing-cost assistance to any owner-occupant who purchases a Fannie Mae property listed before May 1, 2010. Eligible properties list can be obtained by emailing info@coldwellbankerackley.com or by searching on Fannie Mae’s Home Path website.
Thursday, January 28, 2010
Orlando No. 7 in 2009 foreclosures
“The Orlando metropolitan statistical area posted an 8.2 percent year-end foreclosure rate, with one in every 12 households receiving a filing. A total of 72,141 filings — including notices of default, auction notices and bank repossessions — were filed on Orlando MSA homes last year, a 54 percent jump when compared with 2008’s 46,843.
Osceola County, meanwhile, had the highest foreclosure rate in the Orlando MSA with 12.5 percent, or one in every eight homes receiving a filing. The Orlando MSA was one of eight Florida metro areas among the nation’s top 20 with the highest foreclosure rates. Only California had more, with nine MSAs in the top 20.”
Full Article
Osceola County, meanwhile, had the highest foreclosure rate in the Orlando MSA with 12.5 percent, or one in every eight homes receiving a filing. The Orlando MSA was one of eight Florida metro areas among the nation’s top 20 with the highest foreclosure rates. Only California had more, with nine MSAs in the top 20.”
Full Article
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