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Old 12-12-2012, 11:36 PM
 
Location: In a little house on the prairie - literally
10,202 posts, read 6,053,620 times
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Although there have been some who suggest that a new real estate boom, or at the very least a recovery, seems to be contrary to news that Tampa now again leads the nation in foreclosures and repossessions of homes.

Foreclosure filings rise again in Florida and Tampa Bay area - Tampa Bay Times

What ever was going on in increased sales is something the stock market calls a dead cat bounce.
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Old 12-13-2012, 02:54 AM
 
158 posts, read 192,134 times
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Quote:
Originally Posted by avb3 View Post
Although there have been some who suggest that a new real estate boom, or at the very least a recovery, seems to be contrary to news that Tampa now again leads the nation in foreclosures and repossessions of homes.

Foreclosure filings rise again in Florida and Tampa Bay area - Tampa Bay Times

What ever was going on in increased sales is something the stock market calls a dead cat bounce.
The real estate market and the economy in general is being throttled by this never ending drip. Anyone talking about this market as a real estate boom likely has a financial interest in creating the appearance of one.
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Old 12-13-2012, 05:21 AM
 
25,779 posts, read 38,992,690 times
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It is happening because so many were forgiven on their loans or believe that they are foregiven and don't expect the letter coming in the mail in a few years for th difference...

Others fee they can do the same and stop paying and live for free with lousy lawyers encouraging them to stay as along as possible for free so the lawyers get as much fees as possible...

Some people lost their jobs due to the economy and had no other solution but that is not even 10% of all foreclosures...Most people feel they are entitled due to the loss of "equity"..

They forget they moved in with zero down and paid less or equal to a renter and didn't loose anything because they didn't sell..it was just on paper!

i hope they lenders/investors will do the right thing ad go after these free loaders in the upcoming years because the rest of uskept paying and paying the price!
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Old 12-13-2012, 05:34 AM
 
Location: Tampa
315 posts, read 550,564 times
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geez, really!!! You would never believe it by reading these message boards. Seems like the realtors have an agenda on here
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Old 12-13-2012, 05:55 AM
 
Location: Rheinland-Pfalz, Germany
693 posts, read 956,786 times
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Quote:
Originally Posted by the awesomee View Post
geez, really!!! You would never believe it by reading these message boards. Seems like the realtors have an agenda on here
The only agenda that I have seen is hatred of money! I cant tell you how many agents wont even talk to me because I am not IN Florida ready to buy even though both will happen soon enough. When I was in sales many years ago you took the today customer and the tomorrow customer who will be the today customer one day.

I just assumed with all the boom now from homes being sold and built that they didnt have time for me, with this article it makes me wonder, what are they doing during the day?

Quote:
Originally Posted by bentlebee View Post
It is happening because so many were forgiven on their loans
What an amazing deal, mortgages forgiven?!?! Never heard of such a thing, why would a bank do this? Leads me to wonder, if its forgiven how would it foreclose?
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Old 12-13-2012, 06:43 AM
 
Location: Myrtle Beach
3,378 posts, read 7,867,707 times
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I dunno. Home builders are building homes in the area again. There is a new subdivision being built near Bearrs and Lake Magadalene.

I just bought my house a little over a year ago and DW is already wanting to trade up for a nicer one. LOL
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Old 12-13-2012, 07:02 AM
 
4,812 posts, read 3,462,148 times
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It depends on the area, the house across the street from me sold @ asking price in 1 day the sign went up with pending contract on it already. Last two houses that sold on my block were also no time in the market , torn down and replaced by a mcmansion. Banks were in a holding pattern for a couple of years, first the robo sign thing, then the first wave of federal assistance. Now with the mortgage crisis no longer in the forefront, replaced with the fiscal cliff and pending austerity measures, its highly unlikely that any new programs will get passed, you will see lot of the defaults turn into foreclosures.
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Old 12-13-2012, 08:07 AM
 
Location: Tampa
315 posts, read 550,564 times
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Quote:
Originally Posted by FloridaKash View Post
I dunno. Home builders are building homes in the area again. There is a new subdivision being built near Bearrs and Lake Magadalene.

I just bought my house a little over a year ago and DW is already wanting to trade up for a nicer one. LOL
oh boy, same problems different cycle, I am seeing the same thing as well off racetrack and montague rd


The home builders sole business is to build homes, naturally this business model is flawed because there is only X amount of land available, so sooner or later land runs out, a bubble bursts or economic demand dictates who is buying new builds.

Well the home builders need to build no matter what so even though there is plenty of inventory in the area, they dont mind tearing down acres of land to build houses because well that is their business model So they tear down acres of forest to build these cookie cutter worthless houses and FL has the same problems with housing over and over and over again. Nothing will change greed is good remember. Oh and btw screw the envornment soon they will pave over the everglades and wonder why they cant get a peg to stick into the bedrock there or cant contant flooding.

It is time Florida inacted new laws to protect itself from these greedy corporations whose CEOs btw dont even live down here.
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Old 12-13-2012, 09:29 AM
 
Location: Toledo, OH
1,725 posts, read 2,988,093 times
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How can anyone blame a Real Estate Agent for this?? Are you serious? Some Agents get a bad reputation for saying BUY, BUY, BUY. I don't see that happening here at all.

Quote from the article: Court delays and the "robo-signing" scandal over shoddy foreclosure filings have dragged out many cases in recent years. Foreclosures in Florida take an average of 858 days to complete, allowing some homeowners to live for years without making mortgage payments.

Well over 2 years of living mortgage free on the average. Unbelieveable!

Nobody on City Data here is saying buy now, what everyone that has access to the MLS is saying that the amount of homes available (Inventory) in certain price ranges is way down. It is. Try finding homes right now for less than 150K that are worth 150K. Last year there were literally 100's to choose from, that is not the case now.
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Old 12-13-2012, 09:42 AM
 
25,779 posts, read 38,992,690 times
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Quote:
Originally Posted by gulfer View Post
How can anyone blame a Real Estate Agent for this?? Are you serious? Some Agents get a bad reputation for saying BUY, BUY, BUY. I don't see that happening here at all.

Quote from the article: Court delays and the "robo-signing" scandal over shoddy foreclosure filings have dragged out many cases in recent years. Foreclosures in Florida take an average of 858 days to complete, allowing some homeowners to live for years without making mortgage payments.

Well over 2 years of living mortgage free on the average. Unbelieveable!

Nobody on City Data here is saying buy now, what everyone that has access to the MLS is saying that the amount of homes available (Inventory) in certain price ranges is way down. It is. Try finding homes right now for less than 150K that are worth 150K. Last year there were literally 100's to choose from, that is not the case now.
Some people just want to blame big companies and CEO's to feel better about living for free themselves!

Just let them talk, it is not worth it.

I agree with you nobody is saying BUY, BUY, BUY simple because offers are coming in so fast we don't need to ask for it...and any home that is for a long time on the market is overpriced or a very bad location, uninsurable and/or very high HOA fees...the rest will sell faster than in the previous years.
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