It Now Takes Over 4 Years For A Lender To Foreclose On A Florida Home

–   ——————————————————————————————————————————-While foreclosures have dropped to pre-recession levels, a huge backlog is building due to longer processing times. The average time to foreclose jumped to more than 1,000 days nationwide in the fourth quarter of 2017 – a 14 percent increase from the previous quarter and a 28 percent increase from a year ago. […]

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Bonita Springs & Estero Area Home & Condo Sales Down 21% In December; Median Price Flat

The number of closed home and condo sales handled by members of the Bonita Springs-Estero Association Of Realtors, (B.E.A.R.), were down 21% in December of 2017 when compared with the same month one year earlier. The median price of all closed sales in December was $315,000, compared with $316,000 in December 2016. Here is the […]

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Hurricane Irma: More Than Half Of All Insurance Claims Remain Unpaid

Michael and Carol Watson said Hurricane Irma littered their yard with roof shingles but they were “stunned and incredulous” when their insurer sent them a letter more than 70 days later. It said “no storm-related damages were found” and the company announced it had closed its file. U.S. Army veteran Robert Rodriguez, 58, said he […]

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Naples Area Home & Condo Sales Steady In October; Overall Prices Up 9%; Inventory Falling

Coming just one month after Hurricane Irma’s impact on Southwest Florida, the Naples Area Board Of Realtors (NABOR) October sales report shows a steady market with total closed sales up 1% compared to the same month one year ago. There were 561 total closed sales last month, up 1% from October 2016. This breaks down […]

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In The Aftermath Of Hurricane Irma, A Wave Of Foreclosures Are Predicted In Florida In 2018

Housing experts worry that millions of foreclosures will surface in Florida, Texas and Puerto Rico after recent hurricanes forced owners from their homes. Many lenders extended grace periods for affected customers, but consumer advocates fear that many will simply walk away from their mortgages once that grace period ends. “I’m anticipating a wave of problems […]

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