Foreclosure Freeze Warms Fla. Home Sales
In contrast, foreclosure sales declined, also by 9.3 percent, as nearly 25 percent of Tampa Bay foreclosure properties were taken off the market due to the freeze. The likely reason: When lenders halted foreclosure cases to re-examine faulty paperwork, sales of conventional homes suddenly had less competition.
Unfortunately the surge in conventional home sales did not include a rise in conventional home prices, which dropped 2.2 percent compared to the previous October's figures.
For more on related topics see these AOLReal Estateguides:
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- Foreclosure Help: What a Housing Counselor Can Do
- Mortgage Jargon in Simple Terms
- How to Sell Your Home in a Short Sale
- How to Buy Foreclosures
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