March 2010

There are 1 blog entries for March 2010.

Foreclosure and Short Sale Success

Friday, March 12th, 2010 at 2:16pm. 10,848 Views, 0 Comments.

Looks like we are finally going to see some warmer weather. This is welcome news.  I'm not sure I've seen a winter this severe in my 21 years living on the Gulf Coast.  Hope everyone is planning a Beach Getaway soon. 

 Before I discuss ways to be successful buying Foreclosures and Short Sales, here's a brief summary for 2009. There were 1,460 total foreclosures and 4,210 Notice of Default, the latter being a 168 percent increase over 2008.  What's interesting is the dollar values.  Total foreclosures amounted to $383 million and the Notices of Default have a market value in excess of $1.3 billion so there's plenty of Bank inventory coming in 2010.  This appears to be grim news until you realize that in January alone over $114 million in property sales

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