Gainesville FL Real Estate Blog

There were 1,523 Alachua County and Gainesville FL foreclosure homes in January with 231 new foreclosures, according to RealtyTrac.com. The average foreclosure sales price was $136,586 compared to an average sales price of $163,202, a $26,347 savings. 1 in every 490 housing units received a foreclosure filing in January 2010.

Alachua County & Gainesville FL Foreclosure Activity and Home Price Index

Home price appreciation remained the same in January and the number of new foreclosures totaled  231.

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 foreclosures are 0.05% below national statistics and 0.24% below state figures.

Alachua County & Gainesville FL Foreclosure Activity by Month

The number of Bank-owned properties decreased from 42 properties in December to 26 properties in January. The number of Auctions decreased from 58  to 41 while Pre-foreclosure activity jumped from 155 to 164.

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.

If you’re thinking of selling your Gainesville home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won’t cover your total mortgage obligation and closing costs, and you don’t have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it. 

1. Consider loan modification first. If you are thinking of selling your Gainesville home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to help you stay in your home. Your lender may agree to a modification such as: 

• Refinancing your loan at a lower interest rate
• Providing a different payment plan to help you get caught up
• Providing a forbearance period if your situation is temporary 

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