Foreclosures Make For Rocket Docket in Fort Myers Area

July 6, 2009

The local Lee County court system in Florida has been totally overwhelmed by the foreclosure crisis, so much so that a backlog of cases needing to be heard by the court has existed in numbers between 20,000-30,000 for the past year. Critics are calling for mediation to interrupt the process, while others feel the best road to recovery for the community as a whole is to continue turning over the houses as quickly as possible.

http://www.news-press.com/article/20090706/RE/907060354/1014/RSS02

Bracing For Next Round Of Foreclosures

July 4, 2009

Evidence is mounting that rising unemployment numbers, combined with the end of foreclosure moratoriums, will trigger a new housing crash and flood the already-saturated market with even more foreclosures. The optimistic take is that home values will not decline quite so much with this new wave, though.

http://www.latimes.com/classified/realestate/news/la-fi-foreclosure4-2009jul04,0,4230196.story?track=rss

Mostly Negative Numbers In Property Market Report

July 4, 2009

The Mortgage Banker’s Association still senses problems with the fundamentals in U.S. real estate. The first quarter of 2009 was awful, dropping nearly 80% compared with 2008’s sales figures. The report’s best news was that loan originations weren’t declining at quite the precipitous rate that they were in 2008’s final quarter.

http://www.propertywire.com/news/north-america/us-property-markets-200907043290.html

Navigating Foreclosures In Miami

July 4, 2009

Step #2 in this column suggests searching the internet for foreclosed and bank-owned Miami properties. Very soon, Uvestor.com will be populated and ready to help real estate investors with industry-leading feature integration and presentation.

http://www.turks.us/article.php?story=20090704122655962

S&P Case-Shiller Index May Overweight Foreclosures

July 2, 2009

This is an article from News N Economics that proposes an emerging bias toward foreclosure sales in the heavily relied upon S&P Case-Shiller home price index. The index’s limited sampling pool from harder hit metro areas can be blamed for the skewed numbers.

http://www.newsneconomics.com/2009/07/s-case-shiller-housing-index-probably.html