Citing unemployment, tighter lending restrictions and the excessive inventory of homes, The Seattle Times reports in an article Home prices may be lost for a generation, that home prices throughout the majority of the country will remain depressed for some time. In Florida bank owned sales continue to drive the market. These sales continue to [...]
The increase of sales can be attributed in no small part to the number of REO or bank owned homes that are selling across Florida this year. In Osceola County, 6 out of 10 sales recorded in the MLS during March 2009 involved bank owned listings. The good is that these sales stir activity, increase revenue and [...]
Those taxpayers seeking to reduce their tax debt with an offer in compromise will be interested in news regarding declining home values from the IRS dated January 6th of this year. Additional Review for Offers in Compromise on Home Values: An Offer in Compromise (OIC), an agreement between a taxpayer and the IRS that settles the taxpayer’s [...]
The Orlando Sentinel reports that Florida home values have declined by 6.14% during the third quarter of 2008. This comes as no surprise as short sales and foreclosure bank owned sales continue to impact housing values across the State. To receive an accurate report of your home’s current value, contact me and I will prepare [...]
In the 5 county area of Central Florida that includes, Seminole, Lake, Osceola, Orange and West Volusia, there are still over 35,000 homes for sale in the MLS. This excessive inventory will keep home prices from increasing as motivated sellers, short sales and REO property are listed at bargain prices in an effort to attract [...]