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Tag Archives: Condo Vultures

South Florida’s New Foreclosure Filings Fall 51% in Second Quarter

During the second quarter of 2011, foreclosure actions plunged by 51 percent in the tri-county South Florida region compared to the same three-month period in 2010, according to a new report from CondoVultures.com. Lenders filed close to 7,200 notices of default between April and June in Miami-Dade, Broward, and Palm Beach counties. Nearly 14,800 were filed in the second quarter of 2010. At the current pace, foreclosure filings in 2011 would rank as the fewest number of actions since the South Florida real estate downturn began.

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South Florida Bank Repossessions Decline for First Time in Four Years

Bank repossessions in South Florida decreased during the first quarter of 2011, according to a new report from the locally based firm Condo Vultures. Lenders repossessed 2 percent fewer properties between January and March 2011 than in the same three-month period in 2010 in Miami-Dade, Broward, and Palm Beach counties. The decline represents the tri-county region's first quarterly drop since the real estate crash began in 2007.

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South Florida Housing Market Showing Signs of Recovery

It's no secret that the housing market in Southern Florida is bleak, but a new report from Condo Vultures, LCC reveals that things are looking up for the Sunshine State. The locally based tracking firm says lenders filed foreclosure actions on $3.5 billion in outstanding loans in South Florida during the third quarter, which is a 38 percent decrease compared to a year earlier. According to Condo Vultures, it looks as if 2009 could turn out to be the worst year for foreclosures in South Florida.

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