Trend Watch: Foreclosure-related home sales drop in First Quarter

May 31, 2013 Posted by kingcade

Sales of South Florida homes in foreclosure declined in the first quarter, as buyers struggle to find properties in an improving housing market. Broward County had 3,157 foreclosure-related sales from January through March, down 3 percent from a year earlier, according to RealtyTrac Inc. In Palm Beach County, there were 2,704 sales, 13 percent lower than a year earlier. While distressed sales are down, prices are up. The average price of a foreclosure home in Broward during the first quarter was $139,988, an increase of 14 percent from a year earlier. In Palm Beach County, the average price jumped 21 percent to $136,196.

Click here to read more about the decline in foreclosure-related home sales.

Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified Miami foreclosure defense attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Miami foreclosure defense attorney Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the website, www.miamibankruptcy.com.

Comments are closed.