Monday, April 28, 2008

Lee County out of the toilet


In February, the Fort Myers-Cape Coral metropolitan area had the highest foreclosure rate in the nation, according to Realty-Trac. It slipped to No. 5 in March. The number of homes sold fell from 955 in March 2006 to 445 in February, while the median sales price fell to $211,500, from a high of $286,500 in May 2006.

As prices have fallen back to earth, owners have increasingly found themselves owing more than their properties are worth, and are walking away from them, helping to create a backlog of more than 19,000 unsold homes — about six times as many as two years ago.

Tuesday, April 15, 2008

Penile State remains a condendah

Florida still a leader in foreclosures for March

Florida had 30,254 properties in foreclosure in March, second only to California, according to a new report from RealtyTrac. That's a 112 percent increase over March 2007. California reported a total of 64,711 properties in foreclosure, up 21 percent from February and 106 percent from March 2007. More here.

Thursday, April 3, 2008

Florida, Land of Eternal Grift

the industry-funded Mortgage Asset Research Institute said Florida led the nation in mortgage fraud in 2007 for the second-straight year... CNN.