Benito Realty Group

"According to a new report from Condo Vultures, a Bal Harbour Florida based real estate consultancy firm, more than 30,000 properties in the tricounty South Florida region were repossessed through foreclosure in 2009, representing a 16 percent year-over-year increase compared to 2008 when 26,000 properties were taken back by lenders."

"Lenders repossessed an average of 83 properties per day ...

For those interested in seeing the statistics of mortgage foreclosures since 2002, here is a good link: click here

"In a move that could speed the sale of massive numbers of distressed properties on the market, Miami-Dade County officially launched online bidding for foreclosures Monday, bringing together bidders from across the globe and launching hopes of an accelerated return to normalcy in the real estate industry."

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"Miami foreclosures are some of the most popular real estate properties in the city, and the most numerous, too. Over the past couple of years, many homes entered the foreclosure market, mainly due to the increasing numbers of homeowners unable to pay for their properties. This is indeed unfortunate for the owners but quite a boon for real estate investors and even regular homebuyers."

"If y ...

"The Florida Supreme Court on Monday told state judges to assign future foreclosure cases to "managed mediation."

Managed mediation relies on trained negotiators to hear disputes between lenders and home owners. The process requires a single session, lasts less than three hours, and costs $750."

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"Bank foreclosures listings continue to batter the commercial property sector in South Florida. The crisis that started in the residential sector is now engulfing commercial properties in many cities of the country. Every week, news on commercial foreclosures continues to appear in business journals."

This is another good read about Florida bank foreclosures. Click here for the entire articl ...

"On average, South Florida lenders filed foreclosure papers on 272 properties every single day last month, according to Zalewski's research."

"The October foreclosure-fest means that lenders in Broward, Palm Beach and Miami are on pace for 98,000 foreclosures this year -- a huge leap from the 33,000 they filed in 2007, according to Zalewski's research."

It may be the sign of the times. To r ...

Simply incredible: a Woman's House Mistakenly Auctioned by Bank!

"You know times are tough when people are getting kicked out of their house when it's not even for sale. That's what happened to Anna Ramirez after she found all of her stuff out on the front lawn of her Homestead home last week and a strange man demanding she get out of his newly purchased house. The eviction came after Ramire ...