As a follow-up to last week’s article about understanding the short sales process, I thought I would write about how the Obama Administration is trying to speed up the process with its Home Affordable Foreclosure Alternatives Program (HAFA). This program offers financial incentives to lenders, servicers, and even borrowers to utilize a short sale or [...]
Yesterday’s blog post regarding non arms length home sales in Tallahassee highlighted some serious concerns about the growth of distressed properties in the Tallahassee housing market. We saw that the ratio of arms length home sales to non arms length home sales continues to grow, thus creating concern that the shadow inventory of homes in [...]
With all the national talk about foreclosures getting louder this year, we decided to start tracking foreclosures in Tallahassee. The first thing that we discovered is that not all foreclosures are alike, so we have some explaining to do first.
