St. Cloud Florida Foreclosured Homes and Distressed Sale Properties: Are you Really Getting A Bargain?
By Allison Stewart, St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904
(St.Cloud Homes )
St. Cloud Florida Foreclosed Homes & Distress Sale Properties: Are you Really getting a bargain? A new wave of foreclosed homes have recently crept back onto the market without much fanfare. For months sales of existing homes in St. Cloud Florida has been struggling to make marginal gains in price appreciation. In a year over year comparison home values had risen 6%. Making many people that housing market was posturing itself for a minimal recovery. But with a five year inventory of foreclosed homes and as many as 1.2 million set to foreclose by years end; banks have begun releasing some of the inventory they have been holding pending the 25 Billion dollar settlement for alleged wrong doings in foreclosure processing and procedures. So what has changed? The prices predominantly. Th...