Thursday, May 12, 2011

Foreclosure News
The news reports today tout significantly lower foreclosures in April than the same period a year ago.  It's difficult to determine if this suggests improvement in the market or other factors.  The following tidbit from the Miami Herald might provide some insight:
   In Florida, it now takes an average of 619 days—about 20 months—for the foreclosure process to run its course. That’s up from 470 days last year, and 169 days in 2007.

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