Florida Panhandle Foreclosures

1st Quarter Florida Panhandle Residential Property Pre-Foreclousre Filings 1st Quarter 2012 Florida Panhandle residential pre-foreclosure filings have more than doubled last year as you can see from the graph above and the table below. Every county except Escambia had greater than 100% increase compared to last year. However, Escambia had the highest total number of filings this year at 433 followed by Bay at 428. This dramatic increase was anticipated as the government has recently struck a deal with the 5 largest private lenders to resolve some of the legal issues from previous fraudulent foreclosure filings. Hopefully, the lenders will be more willing and better equipped to do short sales and loan modifications than in the past. If there is a flood of actual foreclosures on the market it will dramatically increase inventory and put a significant downward pressure on prices.

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About Kelly Klein

Buyers and Listing specialist. Whether it is a condo, a home, a townhome, a duplex, or a lot, I am here to help. You can find me at http://www.KellyKleinSoldMine.com Broker Associate / Sales Professional Berkshire Hathaway Home Services | Pen Fed Realty
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