Very Cool Interactive Foreclosure Map

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Hi guys. Here's a very cool interactive map*** showing the foreclosure activity throughout the United States. In my area, Polk County Florida, 1 in 297 properties is in foreclosure. In 2009 it was 1 in 149. So I guess that's something :)

Short Sales however have increased quite a bit. In 2009 only 763 short Sales closed in all of Polk County. Year to date for 2012 is 1,355. So Short Sales have more than doubled in the last 3 years while foreclosures are half what they were in 2009.

It looks like more people are being proactive and choosing to do a Short Sale over just letting their property be foreclosed. Since Florida is a deficiency State that’s a very good thing.

Doing a short sale at least gives the Seller/borrower an opportunity to negotiate an exit strategy to hopefully avoid a Deficiency Judgment in the future.

My experience is that most lenders will waive their deficiency rights if the Borrower does the right thing  and doesn’t just walk away from the property. Not only can you get your deficiency waived but you may also receive money at closing.

We’ve recently had some of our Sellers receive as much as $23,000 at closing. Now isn’t that better than being foreclosed on?

***The map came from: http://www.wnyc.org/ using data from Realtytrac.

 

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

 

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 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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