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Old 07-31-2009, 04:01 PM
 
Location: NE Florida
9,362 posts, read 23,212,989 times
Reputation: 9298

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As bad as the rash of foreclosures in Jacksonville were in the first half of 2009, it was better than 29 other American metropolitan areas, according to data released Thursday by RealtyTrac, a real estate data aggregator.

Eleven other Florida metropolitan areas were among the top 30.


BRIEFS: Local foreclosure rate below others in state | Jacksonville.com

Good news for our city!
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Old 08-01-2009, 05:16 AM
 
Location: NE Florida
17,835 posts, read 30,445,977 times
Reputation: 43295
I have often wondered how much of the "foreclosure mess" is over dramatized by the media
For example "Jacksonville's percentage of houses receiving foreclosure notices so far in 2009 was 2.32 percent" That means almost 98 percent of the homes in Jax are not being foreclosed on.

The same thing with the Banks that lost money because of the subprime loans, what they never reported is the tons & I mean tons of money the banks made from these loans.

I guess the other side of the story wouldn't be as newsworthy
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Old 08-01-2009, 06:43 AM
 
Location: Jacksonville, FL (Mandarin)
2,451 posts, read 5,469,003 times
Reputation: 1637
I actually wouldn't have had a problem with a higher foreclosure rate. The "moratorium" on foreclosures didn't do much but clog up the mortgage co's system for dealing with troubled mortgages. Let the banks foreclose on the non-payers and get those homes back on the market, so the housing market can stabilize!
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Old 08-02-2009, 05:36 PM
 
Location: Clay County
15 posts, read 43,274 times
Reputation: 14
The truth is the banks are still slow to foreclose and the ones they do, they are shadowing and not putting on the market. It's a great smoke and mirror gig though. If you called the clerks office to see how many homes forclosed 6 months ago and compared that with the number of foreclosures "For Sale" today you would be shocked. But I guess they figure as long as the public gets a warm fuzzy it's okay. It's all about perception isn't it? Ugh....
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