Category: Central Florida foreclosure news
June 24, 2014 - No Comments
IRVINE, Calif. – June 24, 2014 – In RealtyTrac's May 2014 Residential & Foreclosure Sales Report, U.S. residential properties – single family homes, condominiums and townhomes – sold at roughly the same rate as they did one month earlier and less than 1 percent higher year-to-year. However, total sales include a lot more "normal" sales than in recent months, causing, in part, a median sales price ($180,000) rise of 6 percent month-to-month and 13 percent year-to-year. May's year-over-year increase was the second consecutive month with a double-digit annual increase in U.S. home prices, and the biggest annual increase since U.S. home prices bottomed out in March 2012.
June 10, 2014 - No Comments
IRVINE, Calif. – June 10, 2014 – RealtyTrac's U.S. Foreclosure Market Report for May 2014 shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 109,824 U.S. properties in May, a 5 percent decrease from the previous month and a 26 percent decrease from May 2013. It's the lowest monthly level since December 2006. The report also shows one in every 1,199 U.S. housing units with a foreclosure filing during the month. Despite the decrease in overall foreclosure activity nationwide, 21 states posted monthly increases in overall foreclosure activity, and 11 states posted annual increases in foreclosure activity.
May 14, 2014 - No Comments
First-mortgage eligibility requirements • Legal Florida and U.S. resident who lives in the home • Current on the monthly mortgage payment or 60-plus days late on a first mortgage within the past 24 months • Property purchased prior to Jan. 1, 2010 • Unpaid principal balance up to $350,000 • Loan-to-value ratio greater than 125% • Total household income less than 140% of the area median income (AMI) as provided by HUD.
April 18, 2014 - No Comments
Orlando ranked No. 1 in foreclosure activity in March, according to real estate research firm RealtyTrac. Orlando’s ranking was based on a rate of one foreclosure action for every 326 houses — a 13 percent increase in filings compared to February’s activity.
April 10, 2014 - No Comments
According to RealtyTrac’s foreclosure report for March, Fla. has retained its No. 1 status for homes in some stage of foreclosure, with one in every 407 Florida homes with a mortgage affected. And in a look at metro areas (populations of 200,000 or more), Florida cities hold eight of the top 10 spots.