Since the beginning of 2007, commercial real estate values in many parts of the country have declined anywhere from 30% to 50 %. While this has caused financial pain and loss for many. It is widely believed that once we reach an equilibrium, a pent up demand for commercial properties will return
...
01/30/2010
Florida and California cities accounted for 17 of the top 20 cities with housing facing foreclosures in the US. Unemployment is now creeping up as a primary reason that these numbers are increasing and the forecloses have now shifted away from speculators who are turning over properties to bank
...
01/29/2010
As unemployment grows and the financial strains of the US homeowner widens, it is now predicted that a record 3 million homes will be repossessed by lenders this year! This is expected to be the peak year and the main reasons are unemployment, and housing values that have fallen far below mortga
...
01/28/2010
Recent surveys predict that Miami will be the worst hit market for falling real estate values in the country during 2010. Much of Florida will experience significant declines throughout the year with Fort Lauderdale and Orlando also predicted to show big declines. It is further predicted that ou
...
01/28/2010
Uncertainty continues to dominate Florida's real estate industry. Rising unemployment and foreclosures are two of the key factors that have a huge impact on how and when real estate sales will begin to turn a corner for the better. It doesn't take a trained eye to notice rising vacancies and fo
...
01/28/2010
Banks and condo associations continue the battle as to when a bank should assume condo related maintenance fees for a property. Florida State law currently requires that lenders pay six months of the past-due fees or 1% of the original mortgage amount, whichever is less, when taking title to cond
...
01/28/2010