Gainesville FL Real Estate Blog » gainesville fl foreclosure

Alachua County and Gainesville FL Foreclosure Trends – Dec 2011

North Central Florida Real Estate Agent — Fri, 27 Jan 2012 19:22:22 +0000

There were 1,154 Alachua County and Gainesville FL foreclosure homes in December, 2011 according to RealtyTrac.com. The average foreclosure sales price was $92,111 compared to an average sales price of $139,836, a $47,725 savings. 1 in every 626 housing units received a foreclosure filing in December.

Alachua County & Gainesville FL Foreclosure Foreclosure Activity and 30 Year Interest Rate

Gainesville interest rates averaged 3.96% in December while the number of foreclosed homes dropped from 195 in November to 185 in December.

Alachua County foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

The number of Alachua County and Gainesville FL foreclosures were equal to national statistics and 0.12% below state figures in December.

Alachua County & Gainesville FL Foreclosure Activity by Month

The number of Bank-owned properties increased from 48 in November to 68 in December. The number of Auctions dropped from 40 to 34 while Pre-foreclosure activity dropped from 107 to 83. There is a 6 month rising trend.

Are you or someone you know behind on your mortgage payments and facing a Gainesville FL foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE). Give me a call for a private consultation.

Linda Luetjen assists buyers looking for Gainesville FL real estate for sale and aggressively markets Gainesville FL homes for sale.

She understands the purchase of any Gainesville FL home represents not only one of the largest and most significant investment a person can make, but also a decision that affects the entire life of a family. It should be handled with all the care and attention such a significant transaction deserves. You may rest assured that Linda never forgets this. Her reputation depends on your satisfaction.

For more information about buying or selling your Gainesville FL home, please call Linda toll free at 888-424-8841 or via email with our convenient contact form.

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Alachua County & Gainesville FL Foreclosure Trends – August 2011

North Central Florida Real Estate Agent — Thu, 29 Sep 2011 20:01:35 +0000

There were 1,254 Alachua County and Gainesville FL foreclosure homes in August 2011 according to RealtyTrac.com. The average foreclosure sales price was $115,027 compared to an average sales price of $154,414, a $39,386 savings. 1 in every 921 housing units received a foreclosure filing in August.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in August and the number of new foreclosures totaled 126.

Alachua County foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

Alachua County and Gainesville FL foreclosures were 0.07% below national statistics and 0.18% below state figures in August 2011.

Alachua County & Gainesville FL Foreclosure Activity by Month

The number of Bank-owned decreased from 44 in July to 40 in August. The number of Auctions dropped from 73 to 15 while Pre-foreclosure activity decreased from 81 to 71.

Linda Luetjen assists buyers looking for Gainesville FL real estate for sale and aggressively markets Gainesville FL homes for sale.

For more information about buying or selling your Gainesville FL home, please call Linda toll free at 888-424-8841 or via email with our convenient contact form.

Search all Gainesville FL real estate and Gainesville FL homes for sale

Alachua County & Gainesville FL Foreclosure Trends – July 2011

North Central Florida Real Estate Agent — Fri, 02 Sep 2011 15:39:47 +0000

There were 1,335 Alachua County and Gainesville FL foreclosure homes in July 2011 according to RealtyTrac.com. The average foreclosure sales price was $119,635 compared to an average sales price of $160,226, a $40,592 savings. 1 in every 586 housing units received a foreclosure filing in July.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in April and the number of new foreclosures totaled 198.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

Alachua County and Gainesville FL foreclosures were 0.01% above national statistics and 0.18% below state figures in July 2011.

Alachua County & Gainesville FL Foreclosure Activity by Month

The number of Bank-owned increased from 21 in June to 44 in July. The number of Auctions increased from 47 to 73 while Pre-foreclosure activity increased from 96 to 81.

Linda Luetjen assists buyers looking for Gainesville FL real estate for sale and aggressively markets Gainesville FL homes for sale.

For more information about buying or selling your Gainesville FL home, please call Linda toll free at 888-424-8841 or via email with our convenient contact form.

Search all Gainesville FL real estate and Gainesville FL homes for sale

Alachua County and Gainesville FL Foreclosure Trends – June 2011

North Central Florida Real Estate Agent — Fri, 29 Jul 2011 06:34:21 +0000

There were 1,368 Alachua County and Gainesville FL foreclosure homes in June 2011 according to RealtyTrac.com. The average foreclosure sales price was $101,294 compared to an average sales price of $173,427, a $72,133 savings. 1 in every 706 housing units received a foreclosure filing in June.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in April and the number of new foreclosures totaled 164.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

Alachua County and Gainesville FL foreclosures were 0.03% below national statistics and 0.13% below state figures in June 2011.

Alachua County & Gainesville FL Foreclosure Activity by Month

There were 12 Bank-owned properties in both May and June. The number of Auctions increased from 25 to 47 while Pre-foreclosure activity increased from 57 to 96.

Linda Luetjen assists buyers looking for Gainesville FL real estate for sale and aggressively markets Gainesville FL homes for sale.

For more information about buying or selling your Gainesville FL home, please call Linda toll free at 888-424-8841 or via email with our convenient contact form.

Search all Gainesville FL real estate and Gainesville FL homes for sale.

Alachua County and Gainesville FL Foreclosure Trends – May 2011

North Central Florida Real Estate Agent — Sat, 09 Jul 2011 11:20:18 +0000

There were 1,371 Alachua County and Gainesville FL foreclosure homes in May 2011 , according to RealtyTrac.com. The average foreclosure sales price was $89,233 compared to an average sales price of $164,060, a $74,828 savings. 1 in every 1,125 housing units received a foreclosure filing in May.

Alachua County and Gainesville FL Foreclosure Activity and 30-Year Interest Rate

The interest rate on a 30 year mortgage was 4.64% in May and there were 103 new foreclosures.

Alachua County and Gainesville FL foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Alachua County and Gainesville FL Foreclosure Geographical Comparison

Gainesville FL foreclosures were 0.08% below national statistics and 0.13% below state figures in May 2011.

Alachua County and Gainesville FL Foreclosure Activity by Month

The number of Bank-owned properties increased from 12 properties in April to 21 properties in May. The number of Auctions decreased from 23 to 25 while Pre-foreclosure activity decreased from 66 to 57. There is a six month falling trend.

Linda Luetjen assists buyers looking for Gainesville FL real estate for sale and aggressively markets Gainesville FL homes for sale.

For more information about buying or selling your Gainesville FL home, please call Linda toll free at 888-424-8841 or via email with our convenient contact form.

Search all Gainesville FL real estate and Gainesville FL homes for sale.

Gainesville FL Foreclosure Alternatives

North Central Florida Real Estate Agent — Fri, 17 Jun 2011 00:42:30 +0000

If after exploring all other alternatives such as federal assistance programs, loan counseling and/or modifications, or a short sale, you are still faced with foreclosure, you need to be familiar with that process and what it means for you. The procedure varies from state to state, and your first step is to be aware of the regulations regarding your Gainesville FL home.

There are three types of foreclosures used by individual states, judicial, power of sale, and strict foreclosure.

1. Judicial is allowed in all states. After the lender files with the judicial system, you will receive a notice for payment. After 30 days with no response from you, the property is sold at an auction conducted by the court.

2. Power of sale, also known as statutory foreclosure, is allowed in many states if your mortgage contains a “power of sale” clause. In this case, the mortgage company, after sending out the required notices and waiting for an established period of time, carries out the auction of your Gainesville FL home.

3. Strict foreclosure is allowed in some states and provides for the property, again after the required notices and time period, to revert directly to the lender. No auction is involved. Usually this type of foreclosure occurs only when the amount of the debt exceeds the value of the property.

If you cannot meet your mortgage obligations, the lender must notify you in writing as it proceeds with each step of the foreclosure process, designed as follows:

1. Notice to accelerate: Once you are sixty days past due, you will receive a notice to accelerate. The only way to stop the process at this point is to bring current the loan amount past due plus any assessed late fees. You may also be informed that you will be responsible for any attorney fees incurred.

2. The demand letter: If you do not pay the past due amount by the date previously established by the lender, it will hire an attorney to send you a demand letter stating that, without immediate payment, the foreclosure will be sent to the court.

3. Notice of default: Without a payment from you, the lender will file a formal foreclosure notice with the court. You will have 20 to 30 days to respond to this judgment before further steps are taken.

4. The notice of sale: After no response from you in the allotted time period, you will be given a notice of sale which sets the date of the court’s auction or the repossession of your Gainesville FL home by the lender.

Linda Luetjen assists buyers looking for Gainesville FL real estate for sale and aggressively markets Gainesville FL homes for sale.

For more information about buying or selling your Gainesville FL home, please call Linda toll free at 888-424-8841 or via email with our convenient contact form.

Search all Gainesville FL real estate and Gainesville FL homes for sale.

Alachua County and Gainesville FL Foreclosure Trends – March 2011

North Central Florida Real Estate Agent — Fri, 06 May 2011 02:03:30 +0000

There were 1,435 Alachua County and Gainesville FL foreclosure homes in RealtyTrac.com. The average foreclosure sales price was $106,038 compared to an average sales price of $134,446, a $24,408 savings. 1 in every 1,093 housing units received a foreclosure filing in March.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in March and the number of new foreclosures totaled 106.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

Alachua County and Gainesville FL foreclosures were 0.09% below national statistics and 0.13% below state figures in March 2011.

Alachua County & Gainesville FL Foreclosure Activity by Month

The number of Bank-owned properties decreased from 33 properties in February to 30 properties in March. The number of Auctions decreased from 27 to 15 while Pre-foreclosure activity decreased from 81 to 61.

Gainesville FL Foreclosure Trends – July 2010

North Central Florida Real Estate Agent — Fri, 03 Sep 2010 15:19:21 +0000

There were 1,274 Alachua County and Gainesville FL foreclosure homes in July with 225 new foreclosures, according to RealtyTrac.com. The average foreclosure sales price was $135,780 compared to an average sales price of $179,881, a $44,101 savings. 1 in every 504 housing units received a foreclosure filing in July 2010.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in July and the number of new foreclosures totaled 225.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

Alachua County foreclosures were 0.05% below national statistics and 0.39% below state figures in July.

Alachua County & Gainesville FL Foreclosure Activity by Month

The number of Bank-owned properties increased from 64 properties in June to 22 properties in July. The number of Auctions increased from 46 to 96 while Pre-foreclosure activity decreased from 171 to 107.

Gainesville FL Foreclosure Trends – April 2010

North Central Florida Real Estate Agent — Fri, 04 Jun 2010 12:17:02 +0000

There were 1,445 Alachua County and Gainesville FL foreclosure homes in April with 151 new foreclosures, according to RealtyTrac.com. The average foreclosure sales price was $140,117 compared to an average sales price of $183,712, a $43,596 savings. 1 in every 732 housing units received a foreclosure filing in March 2010.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in April and the number of new foreclosures totaled 151.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

Alachua County foreclosures were 0.13% below national statistics and 0.42% below state figures in April.

Alachua County & Gainesville FL Foreclosure Activity by Month

The number of Bank-owned properties increased from 69 properties in March to 14 properties in April. The number of Auctions dropped from 75 to 37 while Pre-foreclosure activity dropped from 164 to 100.

Gainesville FL Foreclosure Statistics – March 2010

North Central Florida Real Estate Agent — Fri, 16 Apr 2010 17:45:22 +0000

There were 1,527 Alachua County and Gainesville FL foreclosure homes in March with 308 new foreclosures, according to RealtyTrac.com. The average foreclosure sales price was $151,768compared to an average sales price of $163,742, a $11,704 savings. 1 in every 371 housing units received a foreclosure filing in March 2010.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained was 0.0% in March and the number of new foreclosures totaled 308.

Alachua County & Gainesville FL Foreclosure Geographical Comparison

Alachua County foreclosures are 0.01% below national statistics and 0.40% below state figures.

Alachua County & Gainesville FL Foreclosure Activity by Month

The number of Bank-owned properties increased from 40 properties in February to 69 properties in March. The number of Auctions dropped from 108 to 75 while Pre-foreclosure activity dropped from 177 to 164.