November 2009 
There are 1 blog entries for November 2009.
What percentage of Sarasota sales are foreclosures? Short Sales? Bank Owned?
Tuesday, November 10th, 2009 at 4:16pm. 703 Views, 1 Comments.
Sarasota County Short Sales "closed" exceed bank owned sales for Fourth Month
Basically there are two kinds of foreclosures. The first type are properties that hat been through the judicial process, are now owned by the lender, the previous owner is gone and the property is listed for sale as bank owned or REO.
The second type of foreclosure is called a short sale. In this scenario the owner owes the lender more than the value of the property and is no longer capable (or willing) to make payments. The owner lists the home for sale during the lengthy court process and the lender excepts less than the amount owed to the lender.
Without going into the positive and negatives about each type of foreclosure, the statistics below are painting an…
Sarasota & Manatee Sales up as Charlotte's Decline
Bank Owned sales continue to decline All Sarasota County real estate sales increased by more than 11% in Jul...
4 Comments Read MoreCongressman Okay with "Short Sales"
A commercial office building located at 130 N. Tamiami Tr. was the subject of a settled eviction suit in the Sarasota Herald...
Add Comment Read MoreJunes Sales drop in Sarasota, Manatee, & Charlotte Counties
Foreclosure declines largestSales results in Sarasota, Manatee, and Charlotte Counties for June 2011 have just been...
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