The Broward Home Stats for Feb 2011 are in!

March 14, 2011 By

The numbers are in for Broward county single family homes (not including condos or townhomes) that were sold in Feb 2011! There’s a few charts (below) I’ve attached so you can see the info for yourselves.

Keep in mind this is for ALL single family homes in Broward including short sales, foreclosures, & conventional sales (homeowner to buyer transactions).

 

A few things that stuck out to me are:

 

  • Average Days on Market for homes were about 104 days. (This number may vary greatly if you drill down to certain cities or price ranges)

   Read more...

  • About 44% of the homes sold are under $150K which is up from 36% in January 2011! Out of 919 total sales 405 were priced under $150K and 116 were between $150K and $200K. This does NOT include condos either!
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Short Sales: Selling Your House for Less than You Owe

August 21, 2010 By Leave a Comment

Short Sales: Selling Your House for Less than You Owe

Short sales can be a financial blessing for homeowners facing foreclosure. While it can be emotionally painful to walk away from your home, it is important to look on the bright side. Realize any house can be made into a home. If you have fallen behind with mortgage payments, short sales can release you from financial obligations and allow you to avoid foreclosure.

Short sales are sometimes available to borrowers who are delinquent on their mortgage note agreement, but not yet entered into foreclosure. The term, ‘short sale’, literally means lenders will accept less than the balance owed. When properly negotiated, homeowners can return their home to the bank and walk away without owing additional funds.  Read more...

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Lenders Have Finally Embraced Short Sales

August 19, 2010 By Leave a Comment


Cape Coral, FL (Vocus) June 5, 2010

Lenders have finally embraced short sales. The short sale process is becoming standardize with 7 out of the top 10 mortgage lenders now use an electronic system called Equador to close a short sale quickly. Average time to close a short sale has gone from 6 months to 2 months with the Equador system.

Broker Robin Speronis, founder of Zen Real Estate, www.AskZenRealEstate.com, has recently earned the Equator Short Sale Agent Certification and reports that with the lenders’ blessings, there has been a great shift in the market away from foreclosures to short sales. Lenders are allowing more borrows to sell their home for less then they owe as an alternative to foreclosure. The Equator web-based, electronic system is now used by 7 out of the top 10 lenders and has dramatically increased efficiency of the short sale process and cut the average short sale time from 6 months to 2 months.  Read more...

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New Tax Rules for Short Sales – Foreclosures

August 11, 2010 By 13 Comments

Suzy explains the past tax consequenses of a short sale and how the new “Mortgage Forgiveness Debt Relief Act of 2007 HR 3648″ helps people trying to complete a short sale More information at: sccrealestateuncensored.com/2007/mortgage-forgiveness-debt-relief-act-2007/ micasamidinero.com/2007/mortgage-forgiveness-debt-relief-act-2007/
Video Rating: 4 / 5

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