While most of our residential moves happen between houses and apartments, we as amateur real estate market watchers can’t help but follow the foreclosure saga. This huge story in South Florida real estate has been a game-changer home owners, lenders, real estate agents, neighborhoods and gee, just about everyone here!
These recent articles had us at first optimistic that the devastation was over … 55% drop in foreclosures since last year … but then unsure (experts say foreclosure filings are artificially low due to bureaucratic backlogs in the courts).
It also just so happens that we’re sponsoring the snack tomorrow for the Manatee Association of realtor’s class on “Short Sales & REO’s: What You Need to Know in Today’s Market” with Bob McManus. If we learn anything new tomorrow during the class, we’ll post it here.