Florida’s real estate market is about to get messy! That sounds like something the voiceover for a move trailer would say but it is actually happening in real life. We all know that Florida has one of the biggest foreclosure levels in America — which means in the world as well –, but few would have expected the problem to still be getting worse almost 5 years into the crisis.
Posts Tagged ‘Florida market’
Florida Real Estate: It’s About to Get Messy
by Overseas Property Mall on Tuesday, June 28th, 2011 in Florida, Foreclosures, United States Property
South Florida Real Estate Proving to be a Hit for Foreign Buyers
by OP-Mall on Thursday, December 10th, 2009 in Florida, North American Property
South Florida property developer Joe Milton has put up $100 million of his company’s cash to set up a mortgage company to fund loans for foreign buyers, because foreign buyers are often locked out of the market if they don’t have cash. Although sixty percent of Milton’s buyers are foreign, the few loans that are being made to foreign nationals come with terms deemed unacceptable by most. However, more than half of these foreign buyers are paying everything in cash, with European and Canadian buyers most likely to reject the financing option.



