posted
Dec 31, 2009 by REI News
If the time is now consider Tampa Florida for your next luxury real estate purchase. Wealthy borrowers with real estate mortgages that exceed 1 million are foreclosing or turning to short sales at almost double the average U.S. rate.If the time is now consider Tampa Florida for your next luxury real estate purchase. Wealthy borrowers with real estate mortgages that exceed 1 million are foreclosing or turning to short sales at almost double the average U.S. rate.
Three years of depreciation have left close to half of Tampa Bay homeowners owing more on their mortgages than their homes are worth. 46 percent of residential properties in the Tampa Bay area struggled with negative equity. Thats 314183 out of 684822 homes. In Florida about 2 million of 4.6 million home mortgages were underwater.Three years of depreciation have left close to half of Tampa Bay homeowners owing more on their mortgages than their homes are worth. 46 percent of residential properties in the Tampa Bay area struggled with negative equity. Thats 314183 out of 684822 homes. In Florida about 2 million of 4.6 million home mortgages were underwater.
1. Tampa Mortgage Fraud Surge Investigation Nets More Than 100 IndividualsA nine-month mortgage fraud surge investigation resulted in charges against more than 100 defendants and involves allegations concerning more than 400 million in loans procured by fraud and more than 700 properties. There are currently mortgage fraud-related charges ….1. Tampa Mortgage Fraud Surge Investigation Nets More Than 100 IndividualsA nine-month mortgage fraud surge investigation resulted in charges against more than 100 defendants and involves allegations concerning more than 400 million in loans procured by fraud and more than 700 properties. There are currently mortgage fraud-related charges ….
Related Stories
- HomeBanc Expands Mortgage Lending Staff in Bonita Springs -- Earthtimes
- HomeBanc Expands Mortgage Lending Staff in Bonita Springs Bank Hires … -- PR Inside
- Tampa business has fairy theme -- St. Petersburg Times
