Posted on Thursday, February 14, 2013
I read in Florida Realtor today that our fair state is not doing so well in the foreclosure department again. (http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=2&id=287577). Although national foreclosure rates are dropping Florida took a jump up – in fact we are at the top of the list for the last five months.
The report stated “Florida once again ranked at the top of the list for the fifth month in a row for foreclosure filings – default notices, scheduled auctions and bank repossessions.A total of 29,800 Florida properties had a foreclosure filing during the month, up 12 percent from the previous month and up 20 percent from January 2012. One in every 300 Florida housing units had a foreclosure filing in January – more than twice the national average.”
Ouch. Well I remain optimistic with the state’s financial results in surplus, the state’s population growing and a very bright or at least futuristic financial structure with limited government and a growth agenda – in fact there is some talk of eliminating or reducing business taxes further.
Perhaps some of the foreclosure increase is due to an improving real estate market and the banks embolden to re-enter the foreclosure process. We will see.
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No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
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Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921
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