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by Rodney Forbes on November 24, 2010
Bank foreclosure/REO property inventories are expected to increase in the West Palm Beach Florida area over the next 24 months. By how much nobody knows. However, according to the National Association of Realtors, as many as 4 million foreclosed homes may come on the market nationwide in the next 2 years. A normal year of [...]
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by Rodney Forbes on July 1, 2009
The topic of short sales and foreclosures seem to dominate the headlines everywhere. There has been a lot written about short sales and whether you should or shouldn’t short sale your home if you’re in this situation. This has led to many misconceptions about short selling your home. This series is about the myths regarding [...]
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by Rodney Forbes on May 22, 2009
The following excerpt from an article in the Press-Enterprise is welcome news for people who have been trying to facilitate short sale transactions. Whether it’s the buy, seller or Realtors involved, short sales have a bad reputation when it comes to getting the sale complete. I guess the banks are finally stating to realize [...]
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by Rodney Forbes on April 11, 2009
Rodney Forbes with Forbes Realty of South Florida discusses the real estate market conditions in West Palm Beach Florida for the week of April 6, 2009. Of the pending sales, 60% are short sales and bank owned properties. Buyers are responding to low interest rates, prices that are below 2004 levels and government stimulus efforts [...]
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by Rodney Forbes on April 11, 2009
The following excerpt is courtesy of Inman News Wells Fargo & Co. reported “exceptionally strong mortgage banking results” Thursday, saying it originated more more than 450,000 loans totalling upward of $100 billion during the first quarter. The strength in mortgage lending helped Wells Fargo boost projected net income for the quarter to a record $3 [...]
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by Rodney Forbes on April 5, 2009
Article by Rodney Forbes So you’ve been reading the news about housing recovery, government tax credits and record low interest rates. Or maybe you’ve gone to a real estate seminar or taken a course on buying foreclosures and bank REO’s. Buying a bank owned property can be a great way to buy a home well [...]
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by Rodney Forbes on April 5, 2009
The government is continuing to push the recovery through real estate. The impact of low interest rates, first time home buyer tax credits and affordable prices, more people are making the move to buy. Any recovery in the economy will be started by a positive move in the real estate markets. Rates on prime mortgages [...]
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by Rodney Forbes on April 2, 2009
On Monday, we learned that more homes were selling, albeit at a lower price. Now, a new report finds that the number of foreclosure filings in Miami-Dade, Broward and Palm Beach counties increased less than 1 percent in February, year-over-year, according to Default Research, a provider of preforeclosure listings. The total number of foreclosure notifications [...]
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