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Sarasota Foreclosures

Sarasota Area Foreclosure News

Sarasota County Non-Distressed Sales increase 36%

adam robinson sarasota posted this 1,293 Views

South West Florida Sales Continue to Fluctuate All Sarasota County real estate sales increased by more than 11% in July 2011 compared to july 2010.  The number of non-distressed sales, homes that are not in foreclosure or short sales, increased by 36% for July 2011 over July 2010.  Suring this same time period the number of REO/bank owned sales in Sarasota County decreased by 35% as the number of short sales remained almost unchanged. In Manatee and Charlotte Counties total sales ...

Sarasota Congressman okay with Short Sale

adam robinson sarasota posted this 1,070 Views

A downtown office building reportedly owned by Sarasota Congressman Vern Buchanan is offered as a short sale. The building was the subject of a settled eviction lawsuit against a Prudential real estate franchisee.  The Sarasota Herald Tribune reported last week that the eviction suit was settled and that there is a possible "serious" buyer of the building.  The building, located at 130 N. Tamiami Trail in downtown Sarasota, is a 3 story office building.  It was bought in Feb. 2003 by ...

Daily Show Focuses on Foreclosures and Stategic Default

adam robinson sarasota posted this 1 1,981 Views

The Daily Show, hosted by Jon Stewart, devoted about half the show last night, Oct. 7 2010,  to the "Foreclsoure Economy" and "Stategic Default".   At about 3 minutes into the show the topic of the Foreclosures is brought up.  Mr. Stewart goes on for seven minutes explaining how the foreclosure crisis started. (The banks made a bunch of @#!$ mortgages, then sold them back and forth until the government bailed them out.)  At ten minutes into the show the topic changes to strategic defa...

Lakewood Ranch gas staition Sells $61 Million Winning Powerball Ticket

adam robinson sarasota posted this 2 2,041 Views

Lakewood Ranch Station Sells $61 Million Winning Powerball Ticket A Hess station in Lakewood Ranch Florida has sold the winning $61 million powerball ticket.  The ticket was sold to an unknown lucky winner.  Lottery officials said the winner has 180 days to claim the prize in the multi-state lottery.  The winning numbers were 14, 26, 37, 41 and 46, and the powerball was number 24. Lottery officials said that the winning ticket was purchased at Hess Express, 11002 St Road 64.  For sel...

How accurate are Sarasota Association of Realtors sales statistics?

adam robinson sarasota posted this 1,105 Views

Today the Sarasota Association of Realtors (SAR) released statistics for June 2010 sales.  SAR reported; "Property sales in June 2010 in the Sarasota market once again topped the 700 mark, with 776 total sales - once again the highest of the year and the highest total since December 2005 when 784 properties were sold. The figure of 776 sales topped the May 2010 total of 766, the previous high, and was 27.2 percent higher than June 2009, when only 610 homes and condos sold."   Since I...

Foreclosure filings in Sarasota County drop to lowest level in 30 months.

adam robinson sarasota posted this 1,021 Views

Sarasota FL:   April 6, 2010 New foreclosure filings in Sarasota County drop to lowest level in 30 months. Every month since Oct. 2007, there have been more than 500 Lis Pendis filed on properties in Sarasota County. With "only" 456 Lis Pendis recorded in March 2010 this is the lowest number since there were 421 filings in Sept 2007. This is the most positive move towards the stabilization of the real estate markets in West Florida, scene in over 2 years&n...

Bank of America to reduce mortgage balances by $3 billion

adam robinson sarasota posted this 1,341 Views

It was reported last night on NBC news that the largest mortgage servicer in the country Bank of America, has announced a new program to help underwater homeowners.  The program will not only reduce a homeowners payments but will also reduce the principle balance of the loan.  The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30 percent of some customers' total mortgage balances. The homeowners must have missed at least two months of mo...

Short Sale Negotiators: Scam or Service?

adam robinson sarasota posted this 1 2,741 Views

Although, short sales have many advantages for the seller, buyer and lender over foreclosures.  There can also be drawbacks and disadvantages.  The lengthy "negotiating" process has created a cottage industry of these "negotiatiors".  Recently many "short sale negotiatiors" have appeared in the Sarasota FL area.  In fact some (large) brokers have even started, "short sale negotiation" divisions or comapnies. For those of ...

Foreclosures - A Trend or the New Face of Real Estate?

adam robinson sarasota posted this 1 956 Views

Foreclosures account for 44% of all closed sales and 64% of all pending sales in Sarasota County in February 2010. Are foreclosures just a trend, or are they becoming the norm? In January 2009, I wrote a post stating that "40% of Sarasota County 4th Quarter of 2008 Residential Sales were Foreclosures, and 51.15% of all pending sales are in foreclosure or bank owned. Now just over a year later, foreclosure sales have risen to 44% and pending sales to 63%. There were 669 closed s...

Top Ten Cities in US to Buy Real Estate

adam robinson sarasota posted this 2,830 Views

NBC's Today Show:  Sarasota FL #1 city in US This morning on the Today Show,  Al Roker interviewed real estate guru Barbara Corcoran on the Top Ten cities in the US to buy real estate. Barbara Corcoran said that Sarasota, Florida was named the number one city in the US to buy right now as "they are snapping up bargains". Below the video of the segment is a transcript of Al's interview and the top ten cities listed in order.    ...