Investment and Vacation Real Estate - Orlando, Florida

U.S. Foreclosures Hit Record in August as Housing Prices Fell

U.S. foreclosure filings rose to a record in August as falling home prices made it harder to sell or refinance homes to pay off the mortgage, RealtyTrac Inc. said.

Owners of 303,879 properties, or one in 416 U.S. households, got a default notice, were warned of a pending auction or foreclosed on last month. That was the most since reporting began in January 2005. Filings increased 27 percent from a year earlier, about half the annual pace of previous months, because of high default totals in August 2007, the Irvine, California- based seller of foreclosure data said in a statement today.

The worst housing slump since the 1930s shows little sign of abating. Home prices in 20 U.S. metropolitan areas declined 15.9 percent in June from a year earlier, according to the S&P/Case- Shiller index. Prices may fall another 10 percent through the end of 2009, according to analysts at Lehman Brothers Holdings Inc.

Florida ranked second with 44,000 filings, a 4 percent decrease from the previous month and a 30 percent increase from August 2007.  complete story

Source: Bloomberg.com U.S. - Dan Levy

Orlando Foreclosure Listings  Orlando REO Listings

Posted by Real Estate - Associates on September 25th, 2008 7:29 PMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Orlando Real Estate Buyers image

FREE Home Evaluation

Orlando Foreclosures image

Orlando Real Estate - Homevest image Buy Vacation Condos imageOrlando Realtors imageOrlando Real Estate Realtors image 

Buy Vacation Condos .com: Offering Orlando, Florida & North Carolina investment properties, condo-hotels, new homes and condominiums for sale. Buy Orlando vacation property and investment homes in FL. Professional real estate services include realty listings including FREE MLS (multiple listing service) property search, local information and free advice for buyers and sellers. more about us... 

 

Real Estate Professionals Needed

We are looking for quality realtors to join our growing team of experts, providing professional real estate services to our customers and clients. Also, offering lead generation and referral partnership programs for established market leaders.

LAND Depo .com: Offering investment land, lots and home-sites in luxury planned residential & resort community, waterfront investment property, golf community land properties, or sales in pre development - pre construction development sites in FL, GA, SC, NC, TN, VA, WV & the South Eastern United States. We bring you unique investment opportunities from the ocean to the mountains and special places in between. 

 

Florida Short Sale Center: Florida short sales offer homeowners a way to avoid foreclosure with a short sale and help save their credit.  We have a team of licensed Realtors and loss mitigation experts across the entire state of Florida who specialize in pre-foreclosures and the short sale of all types of property.

                                                     Buy Vacation Condos  

P.O. Box 692526 Orlando, FL 32836
Phone: Fax:

Why a Condo-Hotel? | Why Orlando Florida? | Why Land? | Coastal Carolina Area | Join our Investor Club | Carolina Mountain Area | New Construction Search Engine | Orlando Real Estate Listings | Why Vacation Homes? | Orlando Vacation Homes | Stop Foreclosure - Short Sales | Vacation Community Listings | Orlando Vacation Townhomes | Orlando Vacation Condos | Orlando Condo Hotels | Looking to Buy? | Looking to Sell? | Featured Properties | Home | Foreclosure - Bank Listings | Our Blog

Copyright © 2012 Buy Vacation Condos
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.