Shadow Inventory Should be Showing Right Now if Any
Bloomberg debate about housing market recovery We are just starting the recovery since prices fell so much, real estate is driven by jobs and consumers but also for demographics. If we had a big shadow inventory of homes that are still coming to floreclosure in Miami, we should be seeing this...
Fannie Mae relaxes its view on Miami-Dade County: 22 new con...
As I pointed out in the last entry to this blog, Fannie Mae has relaxed a little in terms of un-baning every time more South Florida condos for financing. Private-public owned Fannie Mae has decided to let go on opening more possibilites for developers’ financing in Broward, Palm Beach and...
Rentals at Brickell Growing Interest. Bulk Buyers Rush for R...
Rental towers have become an attractive asset for bulk buyers, mainly in the Brickell area, due to the big revenues that renting in Brickell has for landlords. The latest news in this matter is the bulk buy of a brand new rental tower located west of the Shops at Mary Brickell Village, acquired...
Banks under increasing pressure due to growing foreclosure c...
Banks have been put under enormous pressure, due to the many issues surounding increasing foreclosures nationwide. The National Association of Realtors has been moving its influences in Washington to press for a review of foreclosure processes, many of which seem to be made out of state law framework. The NAR has...
Miami resale inventory falls. 2.3 Percent less properties fo...
Residential resale inventory has fallen all across South Florida. For Miami-Dade County, the fall has been the biggest of the tricounty region, with 2.3 percent less condos and single-family houses for sale. The real number of condos for sale in Miami, and townhouses, is of 22,096 units, accordint to a recent report...
A call for a wider anti-foreclosure program
The failure of the Home Affordable Modification Program is making academics and industry watchers think of better and enhanced solutions to the foreclosure problem. The anti-foreclosure meassures of the government are being deeply criticized, and some have started proposing ways out of the “HAMP method” of allowing banks on the...
An end for Downtown’s bulk deals?
On October 27, a judge allowed New York-based investment fund to acquire a Bank of America note secured by 750,000 sq. ft. at the Everglades on the Bay class A project, a waterfront condo finished in 2009. The Everglades on the Bay condo was the last of the Downtown condos to concentrate hundreds of unsold units. The project had...
Foreclosure halt to finish: JPMorgan Chase & Co.
The bank is planning to start foreclosures in a couple of weeks, says Reuters.com. The foreclosure halt, started by Bank of America, JPMorgan Chase, Ally Financial’s GMAC Mortgage unit, and others, is expected to finish as banks have started already with some new foreclosure fillings, according to industry’s sources. Reuters said...
Avoid Foreclosure! Contact Us and Go for a Short Sale!
Short sales are the best alternative to avoid foreclosure. However, not every Realtor or real estate agent can go thru the process of a short sale, there’s an expertise required for it to be as convenient as possible for the home owner. Here are some tips that will come useful to you. Foreclosures can...
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