Posts tagged as:
We have received so many inquiries via our new Tallahassee Foreclosures Web Site about purchasing Tallahassee foreclosures that I am feeling like a recorded message. Many buyers want the perceived deals that “foreclosures” imply, so I figured I would lay out some advice that really fits our current times.
With so many of our homes upside-down [...]
{ 0 comments }
The number of homes labeled as “Distressed Property” continues to grow in the Tallahassee real estate market. A quick search of the Tallahassee MLS for homes that are short sales, foreclosures, bank owned or relocation shows that 22% of the active listings for condos, townhouses, and single family homes are in this category!
{ 0 comments }
This week is the final week of 2009, but it is also the final week of the “old” Tallahassee Real Estate Blog. We are working feverishly to bring the new site online, and I do not think you will be disappointed.
Some of the really neat things on the new site are ready and can be [...]
{ 3 comments }
We have reported on lis pendens filings and foreclosure sales for several years now (visit our new TallahasseeForeclosures Site currently in beta testing). The one thing that always stood out was that such a small percentage of lis pendens that were filed actually made it to a foreclosure sale at the courthouse.
But things are changing. [...]
{ 1 comment }
There is a growth of distressed properties that is appearing like a post tsunami tidal wave, and it is heading straight for the Tallahassee real estate market. The warning bells are sounding as we continue to monitor lis pendens filings and foreclosures in Tallahassee.
If you have been following our tracking of foreclosures in Tallahassee, then [...]
{ 5 comments }
The newest data has just arrived for home sales in Tallahassee, so I figured now was a good time to update the Tallahassee Subdivision Report. While I do this report every month, this will be the first time that I separate the “arms length” sales from the non arms length sales.
Just as a reminder for [...]
{ 1 comment }
Foreclosures and short sales dominated the national news for such a long period that news of foreclosures in Tallahassee does not carry the whallup that it would have just one year ago. But people better pay close attention to what is happening with foreclosures, because we have only scratched the surface of this epidemic thus [...]
{ 1 comment }
By keeping an eye on the number of lis pendens being filed each month in Tallahassee, we will get a feel for the inevitable onslaught of distressed properties that will be for sale in the coming months (years). While we have covered this point in the past, I think it is time to take another [...]
{ 1 comment }
The shadow inventory is the growing number of homes that were once on the market and failed to sell, or are the homes that we know are currently distressed properties but are yet to hit the market as short sales or foreclosures. One way that we can monitor the shadow inventory is to track home mortgage loan defaults and delinquencies in the Tallahassee real estate market.
{ 2 comments }
