Central Florida Real Estate Blog

Just Listed! 28345 Columbia Road Tavares, FL 32778
September 2nd, 2010 12:20 PM
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$339,825.00
28345 Columbia Road

Tavares, FL 32778



Beds: 4 Rooms: 9
Full Baths: 4 Sq. Ft.: 2148
Garage: 2 Built: 2007
 

"CUSTOM" 4-BED, 4-FULL BATH HOME ON 5+ ACRES ZONED FOR HORSES. THIS ESTATE WAS BUILT BY THE ORIGINAL OWNER/BUILDER WHO IS RELOCATING OUT OF THE AREA. A TRUE COUNTRY SETTING WITH FULL CITY CONVENIENCES JUST 10 MINUTES AWAY. SITUATED ON 5.18 ACRES, THE HOME
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If you have any questions
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Joe Bornstein
Rock Springs Realty, LLC
8773332811
www.rockspringsrealty.net



 
  Visit this listing here

Posted by Joe Bornstein on September 2nd, 2010 12:20 PMPost a Comment (0)

Just Listed! xxxFOREST STREET Fruitland Park, FL 34731
August 25th, 2010 4:22 PM
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$79,000.00
xxxFOREST STREET

Fruitland Park, FL 34731



Beds: 0 Rooms: 0
Full Baths: 0 Sq. Ft.: 0
Garage: 0 Built: 0
 

ATTENTION BUILDERS, DEVELOPERS OR INVESTORS. (14) MULTI-FAMILY UNITS (7 LOTS) ZONED R-2 IN THE CITY OF FRUITLAND PARK. GREAT LOCATION FOR TOWNHOMES, DUPLEXES, APARTMENTS OR CONDO'S. CITY WATER, ELECTRIC, CABLE AT-SITE. SEWER TWO-BLOCKS AWAY.
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Joe Bornstein
Rock Springs Realty, LLC
8773332811
www.rockspringsrealty.net



 
  Visit this listing here

Posted by Joe Bornstein on August 25th, 2010 4:22 PMPost a Comment (0)

Double-Dip Recession Threatens to Shave 20% off Home Prices
August 10th, 2010 11:09 AM
As reported by DS News.com (http://www.dsnews.com) on 08/09/10...

Could the U.S. economy slip back into the throes of the recession that nearly crippled the nation’s financial system and protracted any semblance of a housing recovery? The analysts at Moody’s Investors Service (http://www.moodys.com) think so.

“The risk of a double-dip recession is rising. We believe the odds of a near-term double dip recession have increased from nearly one in five this spring to closer to one in four,” they wrote in a research report released Monday.

And they warn that if the economy sinks back into recession, housing activity will follow. If such a scenario were to play out, Moody’s says home prices are likely to fall by another 20 percent before they stabilize in early 2012 – a full year later than the company’s baseline outlook of a 5 percent drop before leveling off in early 2011.

Moody’s says the economic recovery is losing momentum with retail, housing, manufacturing, and most importantly the job market having weakened in recent weeks. Real GDP, which grew 5 percent annualized during the fourth quarter of 2009, has slowed to half that pace in the second quarter of this year, the ratings firm explained.

“This rate is below the economy’s potential, and we expect unemployment to drift back up into the double digits,” Moody’s said in its report.

All this contraction bodes badly for housing markets, where oversupply and muted demand have home prices fettered, and weak economic conditions, especially rising unemployment, are making it harder and harder for borrowers to keep up with their mortgage payments.

Moody’s says foreclosures pose a major downside risk, with another vicious spiral of defaults and property repossessions a possibility.

The company’s analysts say the success of the Home Affordable Modification Program (HAMP) is vital to squashing this possibility, but it has been progressing slowly and a number of borrowers are simply too deeply troubled to benefit from a loan modification.

If the recent revisions to HAMP – including principal-reducing modifications and forbearance for unemployed homeowners – do not produce more substantial results, Moody’s says foreclosures will exceed already-elevated projections, leading to an even sharper drop in home prices.

For more information on Central Florida real estate statistics, housing trends, bank owned foreclosure or short sales, please contact Joe Bornstein, Broker/Owner, Rock Springs Realty (http://www.rockspringsrealty.net) or contact us toll free at 877-333-2811 or by email joe@rockspringsrealty.net. We also offer "FREE" lists of bank-owned foreclosure listing for Buyer and Investors throughout all Central Florida counties.


Posted by Joe Bornstein on August 10th, 2010 11:09 AMPost a Comment (0)

Florida Foreclosure & Delinquencies Statistics as of July 2010
August 10th, 2010 10:45 AM
As just reported in DS News (http://www.dsnews.com), the number of unpaid mortgages in the United States declined again in April 2010, but delinquency roll rates remain high, according to an industry report released in June by Lender Processing Services, Inc. (http://www.lpsvcs.com).

The Florida based analytics firm says that while signs of stabilization in the nation's mortgage delinquency and foreclosure rates may be emerging, the process is largely neutralized by the more than 7 million loans still in distress. Housing supplies remain bloated, but LPS notes that lenders' operational processes are starting to drive inventory turnover.

According to the company's new Mortgage Monitor report, the number of loans 90 or more days delinquent (including pre-sale foreclosure) declined 112,184...from 4,186,627 to 4,074,443 between March and April. Add that to LPS's count of REO properties, and the company says it puts the total number of noncurrent U.S. home loans at just more than 7.3 million.

Based on LPS's analysis, the total U.S. loan delinquency rate now stands at 8.99 percent, and the foreclosure inventory rate at 3.18 percent. That means 12.17 percent of the nation's outstanding mortgages are noncurrent.

The company's analysis of its loan-level database of more than 40 million mortgages shows that the following states are home to the highest ratios of noncurrent loans: Florida, Nevada, Mississippi, Arizona, Georgia, California, Illinois, New Jersey, Michigan, and Rhode Island.

Additionally, as of the April 2010 reporting period, Florida ranks #1 for foreclosures in the United States. Here are some supporting statistics as reported in DS News.

* 90-day Delinquency Rate - 19.7%     (13.7% one year ago)
* Foreclosure Rate - 11.6%     (8.3% one year ago)
* REO Rate -1.0%     (.08% one year ago)
* Unemployment Rate - 12.0%     (9.9% one year ago)

The top county for delinquency rate is Miami-Dade as follows:

* 90-day Delinquency Rate - 29.7%     (19.9% one year ago)
* Foreclosure Rate - 18.9%     (12.6% one year ago)
* REO Rate -1.0%     (1.0% one year ago)

If you are interested in finding our more information regarding foreclosures and REO Properties, please contact Joe Bornstein, Broker/Owner of Rock Springs Realty (http://www.rockspringsrealty.net) or call toll free at 877-333-2811. You can also email Joe at joe@rockspringsrealty.net

Rock Springs Realty also offers "FREE" lists of bank-owned foreclosure properties throughout the Central Florida area for potential Buyers and Investors.   

Posted by Joe Bornstein on August 10th, 2010 10:45 AMPost a Comment (0)

Just Listed! 414 Fountainview Court Debary, FL 32713
August 6th, 2010 6:35 PM
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$38,500.00
414 Fountainview Court

Debary, FL 32713



Beds: 2 Rooms: 7
Full Baths: 2 Sq. Ft.: 864
Garage: 2 Built: 1990
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Joe Bornstein
Rock Springs Realty, LLC
8773332811
www.rockspringsrealty.net



 
  Visit this listing here

Posted by Joe Bornstein on August 6th, 2010 6:35 PMPost a Comment (0)

Just Listed! 325 Speyside Lane Apopka, FL 32712
August 2nd, 2010 5:47 PM
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$475,500.00
325 Speyside Lane

Apopka, FL 32712



Beds: 7 Rooms: 16
Full Baths: 5 Sq. Ft.: 4907
Garage: 2 Built: 1998
 

7-BED, 5-FULL BATH LUXURY POOL HOME IN ROCK SPRINGS RIDGE. THIS IS LIKE NOTHING YOU'VE EVER SEEN. PROPERTY CONSISTS OF "TWO" SEPARATE HOMES. THE MAIN HOUSE IS A LENNAR "WELLSLEY II" 2,919 S/F HEATED AND INCLUDES 4-BED, 3-BATH. THE "CONNECTED" GUEST HOME
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Joe Bornstein
Rock Springs Realty, LLC
8773332811
www.rockspringsrealty.net



 
  Visit this listing here

Posted by Joe Bornstein on August 2nd, 2010 5:47 PMPost a Comment (0)

Just Listed! 235 West Lester Road Apopka, FL 32712
August 1st, 2010 3:44 PM
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$189,000.00
235 West Lester Road

Apopka, FL 32712



Beds: 4 Rooms: 10
Full Baths: 2 Sq. Ft.: 1950
Garage: 0 Built: 1940
 

6.75 PRIVATE ACRES WITH TWO HOMES IN APOPKA. HOME #1 IS A 1,499 S/F 3-BED, 1-FULL BATH PROPERTY THAT INCLUDES REAL WOOD FLOORS, OPEN KITCHEN, ENCLOSED FRONT PORCH AND OPEN BACK PORCH. HOME #2 IS 451 S/F AND INCLUDES 1-BED & 1-FULL BATH WITH A FULL KITCHEN
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Joe Bornstein
Rock Springs Realty, LLC
8773332811
www.rockspringsrealty.net



 
  Visit this listing here

Posted by Joe Bornstein on August 1st, 2010 3:44 PMPost a Comment (0)

Just Listed! 1220 Lexington Parkway Apopka, FL 32712
July 30th, 2010 10:31 PM
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$449,500.00
1220 Lexington Parkway

Apopka, FL 32712



Beds: 5 Rooms: 11
Full Baths: 3 Sq. Ft.: 3157
Garage: 2 Built: 2007
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Joe Bornstein
Rock Springs Realty, LLC
8773332811
www.rockspringsrealty.net



 
  Visit this listing here

Posted by Joe Bornstein on July 30th, 2010 10:31 PMPost a Comment (0)

Just Listed! 30445 Vitex Ave Eustis, FL 32736
July 22nd, 2010 2:03 AM
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$134,500.00
30445 Vitex Ave

Eustis, FL 32736



Beds: 3 Rooms: 7
Full Baths: 2 Sq. Ft.: 1378
Garage: 2 Built: 2003
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Joe Bornstein
Rock Springs Realty, LLC
8773332811
www.rockspringsrealty.net



 
  Visit this listing here

Posted by Joe Bornstein on July 22nd, 2010 2:03 AMPost a Comment (0)

"FREE" Google 411 Phone Directory Service Great For Realtors and Real Estate Sale Agents
July 21st, 2010 5:30 PM

Hey Real Estate Agents and Realtors...have you ever run out of the office and left the folder on your desk with a customers phone number? Or, you are showing homes and forgot the Seller's/Seller's Agent phone number on the home you are showing?

In this situation, your only choices are to call your office and bug somebody, or spend a $1.25 for your phone carriers 411 service. This drives most people nuts and is a total waste of money. 

Now Google (http://www.google.com) has fixed the problem. A "FREE" 411 phone directory service that works like a charm. Somebody recently shared this with me and I have personally tested it out. Very Cool technology!!!! Google really hit it out of the ball park here.

Here's how to use it.
1. Call 800-goog-411. (800-466-4411)
2. It is totally free and it sends you a text of exactly what you are looking for. Just like regular 411 service, identify the City and State, then the desired name, company, or listing...the system does the job from there. It will also connect you directly to the phone number you are looking for. Use it when you are out on that next showing, list appointment, and lose the phone number to the seller.

This quick tip is brought to you by Joe Bornstein, Broker/Owner of Rock Springs Realty (http://www.rockspringsrealty.net) in Apopka, FL. We are a full service brokerage operating throughout the Central Florida area. We accept listing and buyer referrals nationwide (paying 25%) so don't hesitate to contact us if we can be of assistance. Toll Free at 877-333-2811 or joe@rockspringsrealty.net.


Posted by Joe Bornstein on July 21st, 2010 5:30 PMPost a Comment (0)

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