[kwick release]

Surprised to see that FL is really not doing as bad as I would have thought based on the negative comments I keep reading. Certainly not doing great, but not quite as bad as I would have thought.

Orlando only came in at 20th nationwide for 2007 with 1.9% of households in foreclosure.

Nationwide 2007 Foreclosures

[CJFlorida]

Originally Posted by kwick release

Surprised to see that FL is really not doing as bad as I would have thought based on the negative comments I keep reading. Certainly not doing great, but not quite as bad as I would have thought.

Orlando only came in at 20th nationwide for 2007 with 1.9% of households in foreclosure.

Nationwide 2007 Foreclosures

Huh? Florida had 6 areas in the top 25, the most for any state, tied with CA. Florida has 1/4 of the top 25 top foreclosure markets...1/4th!

Orlando? There is a story in the housing bubble blog that says sales are at a 12 year low and there is a 34 month inventory of homes for sale....and growing. Thats 3 years...and growing!!

We have barely even started this deal yet.

[kwick release]

Originally Posted by CJFlorida

Huh? Florida had 6 areas in the top 25, the most for any state, tied with CA.

I would have expected though to see more FL areas in the top 20 compared to CA. In fact, CA had 6 areas in the top 20 compared to 3 areas for FL.

It really depends how you look at it. I see a glass getting close to being half full. Not quite there yet but close.

[CJFlorida]

Originally Posted by kwick release

I would have expected though to see more FL areas in the top 20 compared to CA. In fact, CA had 6 areas in the top 20 compared to 3 areas for FL.

It really depends how you look at it. I see a glass getting close to being half full. Not quite there yet but close.

Huh again? California is the worst of the worst...Florida is close behind. I can only hope that you are totally kidding about the half full stuff.

[firemed]

Originally Posted by CJFlorida

Huh again? California is the worst of the worst...Florida is close behind. I can only hope that you are totally kidding about the half full stuff.

I'm in South Florida and the glass is leaking! Lee County - where the number of foreclosures jumped to a record 1,833 in January as prices have plunged over the past two years. We have more people upsidedown then we know what to do!

The News-Press, news-press.com, Real Estate, Mortgagees rip ‘Band-Aid’

[SANDYHAIR]

cjflorida saw that in today's paper

[Wild Style]

And to think, this is only the beginning


link

[Hero]

Too bad I can't go on youtube from work. But you are right, this is only the beginning.

L.A. Land : Los Angeles Times : Paulson: 'The worst is just beginning'

Reporter: "Sir, is the worst over? Will 2008 have fewer foreclosures ... "
Paulson: "... in terms of sub-prime and the resets, the worst isn't over, the worst is just beginning. We all know that."

Countrywide delinquency rate rises to 7.47% in January - Feb. 15, 2008

Delinquencies in Countrywide's servicing portfolio increased to 7.47% in January, up from 7.2% the previous month and 4.32% in January 2007. Loan servicers collect mortgage payments and distribute them to the owners of the mortgages.

[carlnasc]

San Simeon - Fort Myers

Video description (not mine):

"Youve got to be kidding me dude, its not fair"
DUDE where is my "equity"?
hahahahahahaha
Readers should understand that those prices where the "fair market value". Nice to see people waking up to the bubble.

Mod deleted

[Wild Style]

[quote=carlnasc;2835909]San Simeon - Fort Myers

Video description (not mine):

"Youve got to be kidding me dude, its not fair"
DUDE where is my "equity"?
hahahahahahaha
Readers should understand that those prices where the "fair market value". Nice to see people waking up to the bubble.

Link not allowed. absolutely love this video. It shows just how uninformed people are, "they told us they weren't going to go below market value". Earth to home owners, that IS the market value. You over paid, period. I wish I could say this will never happen again but it will. We in America don't have anything in place to stop run ups in home values. It happened just before the great depression, it happened in the 80s again in the 2000s and it will happen again *sigh*

Each time uninformed buyers will get taken for their cash.