A sense of urgency…

November 15, 2011

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I spy someone who needs a Realtor

November 14, 2011

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Seller Motivated!

November 13, 2011

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John Stuart Mill on the value of being a Landlord

November 12, 2011

“Landlords grow rich in their sleep.” — John Stuart Mill

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The truth about golf courses

November 11, 2011

Golf courses sell real estate and that’s why they’re built. — Ed McMahon

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4.3 Million Foreclosure Victims Offered Independent Case Reviews With Focus On Proper Processes

November 10, 2011

While I’m not so sure I agree with the word “victims” in this article title I still think it holds some merit and deserves to be shared. So many people have either already been kicked out of their homes or are in the process of being given the boot. I agree that improper processes need to be identified and addressed.

Here is the article from yesterday’s NotaryBulletin presented by the National Notary Association.

In what is being considered the first meaningful response to the foreclosure crisis, the federal government has ordered 14 mortgage lenders involved in the “robo-signing” scandal to send letters to 4.3 million consumers who may have been victimized by foreclosure errors and misconduct, paving the way for a massive number of individual case reviews and potential compensation.

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Check out this scary satellite view of Tampa Bay FL foreclosures!

November 9, 2011

The national average is depressing enough at 1 in 46 homes being in foreclosure but things get even more bleak when you look at our situation here in Florida. Literally 1 out of every 20 homes in the Tampa Bay area is currently in foreclosure. On the below map the red dots show homes currently in foreclosure.

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U.S. ‘Underwater’ Homeowners Increase to 28.6%, Zillow Reports

November 8, 2011

Underwater HomesNov. 8 (Bloomberg) — The number of U.S. homeowners who owe more than their properties are worth climbed in the third quarter as lenders repossessed fewer houses, Zillow Inc. said.

The share of borrowers with negative equity rose to 28.6 percent, up from 26.8 percent in the second quarter and 23.2 percent a year earlier, the real estate data provider said today. Last quarter’s portion was the biggest since Seattle- based Zillow began tracking the measure in the first quarter of 2009, when 22.3 percent of households were underwater.

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Watch your head!

November 7, 2011

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How many properties are for sale right now in Pinellas County?

November 6, 2011

Pinellas County ListingsAs of November 6, 2011 there are currently 8,262 properties for sale. Here is how those properties are distributed among the various styles:

  • Single-family houses – 4,137
  • Condos – 2,997
  • Tonwhomes – 440
  • Manufactured Home/Mobile Homes – 302
  • Villas – 276
  • Condo-Hotels – 67
  • Co-ops – 27
  • 1/2 Duplex = 15
  • Modular – 1

And after looking up the 1 modular home I now see that this is really a condo and the Realtor has miscategorized it as a modular home.

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