Distressed property analysis for Tallahassee includes articles on short sales, foreclosures, lis pendens filings, reo bank owned properties, asset management and the shadow inventory of homes.
Foreclosures in Tallahassee are growing at an alarming rate, and all this talk about a real estate recovery is soon going to be drowned out by a market saturated with distressed properties. New lis pendens filings in April grew by a scary 112% over April 2011, and foreclosures in Tallahassee grew by an even scarier [...]
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In October of 2009, I warned about a tidal wave of distressed property sales coming our way, and it now appears as if they have arrived. Thus far in April, 42% of all residential closings were distressed property sales, and the one year average is at 33%. Simply put, one in every three homes sold [...]
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Do you want to know how foreclosures have impacted property values? Well, let’s take a stroll down memory lane. I have been in the real estate business since 1991, so here is what I would have said to a question about how foreclosures have impacted property values.
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There is a growing list of people who are seeking home selling advice for out of town homeowners. While the advice is very similar to what a “local” would receive, people who no longer live in the Tallahassee area have additional concerns. First and foremost, if you are not where you can monitor the home, [...]
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If you are trying to sell a house in Tallahassee, you must understand that your competition is changing rapidly due to the growth of foreclosed properties in Tallahassee. Even bigger than the supply of these bank-held assets are the short sales which are trying to avoid becoming foreclosed properties in Tallahassee. We refer to all [...]
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One of the most sought after topics on our website involves foreclosures in Tallahassee and how the impact of distressed properties for sale in Tallahassee is impacting our housing market. While long-time readers of the Tallahassee Real Estate Blog know that they can always find timely updates on lis pendens filings and foreclosures in Tallahassee [...]
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If you are somebody who tracks Tallahassee foreclosure activity as a way to forecast the future of distressed property sales, then you most likely know that new Tallahassee lis pendens filings are on the rise again. This means that more distressed properties are on the way to join the glut of homes for sale in [...]
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One in every six homes sold this year has been a short sale in Tallahassee. One in every three homes sold this year has been in some sort of distressed situation (short sale, foreclosure, pre-foreclosure, REO, etc.). As we roll into 2012, the landscape for people who want to sell a home is crowded with [...]
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The Tallahassee foreclosure rate has fallen again compared to last year, according to September figures released Monday by Metro Market Trends. This is the tenth consecutive month of year over year declines that began in December 2010, and it is a promising sign for the long-troubled Tallahassee real estate market. There are still a lot [...]
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