Yeap, they say it’s over… I don’t think so. Hey, at least we’re number one in something… sorry for the sarcasm. I see this everyday when I go into the tax rolls, and I always point it out to my wife who is also in Real Estate.
I act for some of my customers as their buyer at auctions, and it hasn’t been busier since 2008.
According to the RealtyTrac August 2014 U.S. Residential & Foreclosure Sales Report, Florida ranked No. 2 nationwide for distressed sales – short sales, REOs (bank-owned homes) and foreclosure auctions.
However, the state outpaced all others in two of the categories: Short sales and foreclosure auctions, which ranked No. 1. In REO sales, seven other states recorded more.