A recent Sun Sentinel article reveals that the number of foreclosure homes in the U.S. continuing to rise - double the number of homes foreclosed in the first quarter of this year than for the same quarter last year. The most affected states are California, Nevada and yes, Florida.
The article states that alleviating the foreclose problem would need people to start buying again. Many respectable buyers can't do so, however, because of the unavailability of suitable loans.
If you're raising financing from the UK or, even better, don't need to acquire a loan, you'll be in a much better position than many Florida purchasers and, as such, be a much stronger buyer.
The article also has an interesting map for Broward and Palm Beach counties showing subprime loan and foreclosure areas.
Article: Floridians feel heat as homes facing foreclosure nationwide more than double (Sun Sentinel, 29th April 2008)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment