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Brandon Moore, CEO of Realtytrac, “foreclosure related sales picked up in the first quarter, particularly pre-foreclosure sales, where distressed home howlers are selling to avoid foreclosure, typically via a short sale. These pre-foreclosure sales hit a three-year high in the first quarter up 25 percent. Lenders are approving more aggressively priced short sales which in turn is resulting in more successful short sales.”  - Courtesy of KCM Crew

Michele Herndon

813-523-9222

micheleherndon@me.com

http://www.TampaAndBeyond.com

http://www.ApolloBeachLuxuryHomes.com

Well move.com feels very strongly as lenders begin processing their distressed inventories and releasing them for sale at the local level, we look to them to move carefully and monitor the conditions so recently gained home values aren’t diminished. Yes, they’re going to put it to a plan. The banks definitely going to put it to a plan, a better plan than they did a couple years ago when that first wave of foreclosures came to market. They’re beginning to realize that if they drive prices down they still hold the mortgages on those other houses that the prices are being driven down on. If prices are given down, negative equity sets in. If negative equity sets in, there are more chances of people saying you know what I’m going to stop making my payment and more foreclosures come to market. – Courtesy of KCM Crew

Michele Herndon

813-523-9222

micheleherndon@me.com

http://www.TampaAndBeyond.com

http://www.ApolloBeachLuxuryHomes.com