Foreclosure Market Skyrockets as Real Estate Investors Focus on Florida

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An increase in Florida foreclosure listings and expectations of property tax and homeowner insurance premium reductions lead investors to focus on Florida foreclosure listings.

Florida foreclosure listings have jumped over 63% from the same period last year as a slumping real estate market, rising interest rates, stagnant incomes and over-development in Florida has hurt the real estate market.

Anticipated tax relief and reductions in homeowners insurance have given investors hope that home values in Florida will be on the rise by the 1st or 2nd quarter of 2008. Investors and homebuyers are finding great investment opportunities in Florida foreclosure listings and the competition is heating up.

"You have to stay on top of the list of foreclosure homes if you want to find a really great deal," Ian Skawinski, 46, Tampa, Fl, explains. "I get updated foreclosure listings online so I can get a jump on the competition," Skawinski continues.

ForeclosureDatabank.com, a leading foreclosure listing provider, has announced an increase in staff and facilities in light of the increase of foreclosure listings throughout the country. "Florida foreclosures are on the rise, and so are Michigan foreclosures, Texas foreclsoures, Georgia foreclosures and many other states," Alex Rolim, ForeclosureDatabank.com explains. "We want to give our clients an advantage in the market so we have announced an increase in our staff and resources in order to make sure we have the most updated foreclosure property listings," Rolim explains.

Home buyers and investors looking for foreclosure homes, pre-foreclosure homes, government homes, property repossessions and other distressed homes and property and opportunities for investments have sought the aid of foreclosure listing services like ForeclosureDatabank.com in order to have updated information and be able to make competitive bids on great investments in Florida and throughout the United States.

"Online searches for foreclosure listings have jumped over the last several months as news of an increase in foreclosure properties have spurred interest in the market," Robert Melillo, president, White Hat Marketing, LLC, explains. "Investors and home buyers alike are going online to find information about foreclosures, especially in Florida, Texas and California," Melillo continues.

"Foreclosures are an opportunity for people to buy a great home and make a great investment in their financial future and in their family," Rolim explains. "Savvy home buyers are getting foreclosure listings in order to buy a better home than they would normally have been able to buy and we are happy to provide them with the information they need to do so," Rolim concludes.

Real estate experts believe the foreclosure market in Florida and in many other states will continue to soar as the real estate industry continues to see a lag in buyers, rising interest rates and shaky mortgage practices. Investors view the foreclosure market as the one bright spot in the real estate industry.

ABOUT FORECLOSURE DATABANK.COM

Established in 1998, Foreclosure Databank was created to help real estate investors and new home seekers purchase forclosed properties at discounted rates. Our staff of real estate experts help families nationwide find and buy bank foreclosures . Our team of foreclosure professional values providing friendly and reliable customer service.

ABOUT WHITE HAT MARKETING, LLC

White Hat Marketing, LLC, is an Internet marketing and search engine optimization firm focusing on small and mid-sized businesses.

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Alex Rolim
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