South Florida leads the nation is
distressed home mortgages. In Palm
Beach, Broward and Miami-Dade Counties 25% of mortgages are at
least 90 days overdue or in foreclosure, this information according to data
released May 9th from Foreclosure-Response.org.
Because of this glut of foreclosed homes, some analysts’
worry that banked owned homes could flood the market, and drive the prices of
homes down even further. But many others
expect values to remain stable because willing buyers are enticed by low prices
and historically low rates.
So if you are in the market to buy a new home, the timing
could not be better. Low rates, buyers market, and an expert to guide you with
all of your mortgage needs.
I have been in the mortgage business for nearly 30 years and
have seen everything that the mortgage market can deliver.
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