Dec 14, 2010 | IN THE NEWS, MIAMI REAL ESTATE
“What caused the housing market collapse?” The Restivo Team was asked that by a group of FIU students researching the real estate market in South Florida. A bit of this … a bit of that … Did it have something to do with Hurricane...
Dec 5, 2010 | FORECLOSURES/SHORT SALES, MIAMI MARKET CONDITIONS
Zillow reports that 47.4% of all homes sold in September were distressed sales. The breakdown from Zillow shows that 27.3% were short sales and another 20.1% were foreclosures. Unfortunately, because appraisers use all available recent sales (distressed and...
Dec 4, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
Foreclosure? … Time Frame for Foreclosure? A foreclosure is when the lender (lien holder) assumes ownership rights when a property owner defaults on his/her mortgage payments…It’s the process through which the lender repossesses real estate...
Nov 22, 2010 | FORECLOSURES/SHORT SALES, GOOD DEALS & WHAT'S SELLING, REAL ESTATE NEWS
In the last 6 months, there have been 81 sales of Single Family Homes in Pinecrest. Of those, 10 were Short Sales, 2 were Foreclosures and 69 were regular sales. Those figures seemingly clash with the figures that Dade County has for Foreclosure and Short Sales, with...
Nov 20, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
November 2010: Miami is in the midst of a freeze on foreclosures. The reason? A number of lending institutions (Bank of America, GMAC, JP Morgan Chase and others) along with several powerful legal firms who were handling foreclosures on their behalf (David J....
