My article summarizing the state of North Port's real estate market for June 2011 was quoted in a recent Herald-Tribune article by Michael Braga. Here is the introduction and link to the full story.
"The number of foreclosure actions moving through the court system in Southwest Florida spiked in June, a possible sign that the nine-month logjam caused by the robo-signing crisis is beginning to break.http://www.heraldtribune.com/article/20110714/ARTICLE/110719785/2416/NEWS?Title=Foreclosure-filings-on-the-rise-again-in-Southwest-FloridaThere were a total of 1,449 filings in Manatee, Sarasota and Charlotte counties last month, a 46 percent increase from May.
Among banks operating in the region, Bank of America saw the largest increase. The giant Charlotte, N.C.-based lender filed 118 early-stage foreclosures in Manatee and Sarasota counties in June, more than twice as many as in May. But Bank of America's filings were still about half what they were before the foreclosure processing mess started affecting the bank's approach starting in September."
