Update: Considering a short sale?
Well it appears they are still on the rise here in Lee County. Yes folks, we have many foreclosures here in Lee County.
Am I surprised by this? NO.
A recent article in the news-press.com sites 1,232 foreclosures filed in August of 2007. In July there were only 1,045.
Building permits are also way down. Only 63 permits for single family homes were issued in August of 2007. This is the lowest number since November of 1981! Wow!
So is the sky falling? NO.
The market is readjusting. First time homebuyers can now buy NICE houses in Lee County in the low 100's or condos under $100k! Retirees can afford their dream home - even with taxes & insurance! Investors can CASH FLOW now on some of these properties!
Do we think this trend will continue? YES.
Why? Because there are still many homeowners borrowing money from other places, living off of credit cards, etc to make their mortgage payments. Many investors have been doing the same hoping they could sell in a year or two. Now, as they see the market continue to decline & more foreclosures popping up as they run out of available funds to hold the investment mean they will be losing their houses too.
Do you want to learn more about buying homes in pre-foreclosure or foreclosure status in Lee County? We can help. We have many short sales / pre foreclosures for sale ourselves & we have access to the entire MLS to bring you every potential deal that is available!
Just stop by our website for more information & to sign up for our free updates!
Oh & if you are curious to read the entire article, stop by www.News-Press.com & click on 'real estate'.
Yours in Success,
of Sellstate Achievers Realty Network, Inc.
888-764-6665 ext 189
Yours in Success,
Susan Milner
Florida Future Realty, Inc
(239) 542-8521
Susan@SusanMilner.com
copyright 2008-2010 Susan Milner of Florida Future Realty Inc
