Florida Real Estate Crisis, USA

US Housing Crisis : Article – 28 Jun 2012

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Florida Housing

The Florida Homes Crisis affected thousands of homeowners and business across the state.

This page carries information on mortgages, realtors and mortgage brokers, including Florida housing statistics. The major banks are backed up with so many refinances, many raised their rates to slow down volume.

Florida home buyers who want a good deal in real estate often think first about pursuing foreclosures. Buyers have this picture in their mind of a cute little house, surrounded by a white picket fence that is owned by a widowed mom who fell on hard times, but that scenario is generally far from reality.

Sellers stop making payments for a host of reasons. Few house owners choose to go into foreclosure voluntarily.

Via: Foundation Mortgage