Tuesday, November 13, 2007

Foreclosures exceed sales in October

Florida Today reports that foreclosures in Brevard County hit 590 in October, a month in which the MLS reported 442 residential sales. This explains the willingness we are seeing from some lenders in accepting short sales on troubled properties.

"Victory goes to the player who makes the next-to-last mistake."
___ Chessmaster Savielly Grigorievitch Tartakower