Sunday, December 26, 2010
Friday, December 17, 2010
Hand Feeding Flamingos. When visiting Sarasota and Bradenton, a visit to Jungle Gardens is a must.
Roasting Marshmallows and making S'mores too.
Over 1 million lights displayed, magic show, live music, and even food too. Every year the Sarasota Jungle Gardens Holiday Light show gets better and better.
Tuesday, December 07, 2010
All delinquency statuses are calculated using the MBA methodology based on the payment due date provided by the servicer. Loans in foreclosure are reported separately and are not included in the MBA days delinquent.
Total delinquencies remained relatively stable for the fifth consecutive month and are down 8.4% from the same month last year. Basically, the delinquency challenge is not getting any worse and is leveling off at numbers below where they were last year.
However, these numbers are still 2.7 times historical averages. The number of loans becoming 90 days delinquent still far outnumbers foreclosure starts.
The servicer has referred the loan to an attorney for foreclosure. Loans remain in foreclosure inventory from referral to sale.
Inventory is continuing to rise rather dramatically – up 7.1% since June – and up 5.2% from the same time last year. This is not good news as this inventory will be placed on the market in coming months at discounted prices. That will put downward pressure on all housing values. Inventories are 7.4 times historical averages and continuing to rise.
The two greatest percentage increases in foreclosure inventories since 2008 come from jumbo prime and prime mortgages.
The movement of foreclosed inventory to REO (foreclosed properties on the market) dropped dramatically in October. The monthly decrease could be explained by the moratorium put into effect by some banks because of the robo-signing challenge.
Any active loan that was not in foreclosure in the prior month that moves into foreclosure inventory in the current month.
There were 263, 251 foreclosures started last month. This is down 4.4% from the previous month but up 2.9% from last year’s numbers. The monthly decrease could be explained by the moratorium put into effect by some banks because of the robo-signing challenge.
Loans NOT Yet in Foreclosure
The percentage of loans not yet in foreclosure that has not had a payment made in over six months.
§ 27.2% of loans 6 months behind are still NOT in foreclosure
§ 21.1% of loans 12 months behind are still NOT in foreclosure
§ 19.2% of loans 18 months behind are still NOT in foreclosure
§ 18.3% of loans 24 months behind are still NOT in foreclosure
Any loan that was in foreclosure in the prior month that moves into post-sale status or is flagged as a foreclosure liquidation.
Foreclosure sales plummeted 35% last month. The monthly fall-off could be explained by the moratorium put into effect by some banks because of the robo-signing challenge.
The delinquency situation seems to be improving. However, it will take some time for the foreclosures to clear. The housing market won’t fully recover until they do.Joseph C. Murphy, Broker-Associate, BS, Previews Certified
Sunday, December 05, 2010
Waterlefe's Annual Holiday Golf Cart Parade and Dinner this Tuesday December 7, 2010 Don't Miss the Fun!
Every December here in Waterlefe we celebrate the holiday season in a unique way.
Only in Florida in a Gated golf course community, like Waterlefe golf and River Club could you see a stirng of 20 plus golf carts all decotracted and tricked out with all kinds of cool lights and decorations. Quite a sight to see.
The parade will start at the River Club on Fishhook, at around 6 pm. From there we will meander through the waterlefe subdivision and then end back at the river club.
At the end of the Waterlefe golf cart parade there is a great dinner served buffet style, and live music too. Kids of all ages young and old love to get together, and celebrate the holiday season.
We have been participating in the waterlefe golf cart parade every year for the past 7 years. Last year they added motorcycles too, so if you are interested in getting your cart in the parade, or if you would like to come to the dinner party make sure to call the waterlefe river club and let Denise now that you are coming.
When you need the help of a FULL-TIME, Top-Producing, agent in Manatee County please now I am here to help.
Call/Text/email me anytime. I am an experienced agent that can deal with short sales, bank owned homes, vacation homes, and everything in between.
Joe Murphy, Broker-Associate
Coldwell Banker Residential Real Estate