Short Sale Overview A short sale is a process in which a seller would like to sell a home but the proceeds of the sale are not likely to cover the mortgage or mortgages. By working with their bank they strike a deal which allows them to sell the home for less money than they [...]

I have extensive knowledge of the Greater Daytona Bank Owned market and would like to help assist you in finding a great bank owned deal!! I have helped clients buy bank owned properties and am also a member of Foreclosure.com, so I see many deals that you may not be able to find without a [...]

Foreclosures, Short Sales, and Market Activity in 2011 There has been loads of discussion recently, including articles in the newspaper with regards to the number of foreclosures and distressed sales in the Greater Daytona Beach Area. The local MLS records over 3,000 sales in the first eight months of 2011. During that time there has [...]

This map allows a user to drill in on any area and explore the sales that have been recorded in the Daytona Beach Area Multiple Listing Service for the first half of 2011. View Real Estate Sales in Daytona Beach Area MLS in a full screen map

The number of foreclosures continues to decline throughout the country. Reports from the Mortgage Banker’s Association, RealtyTrac, and other sources are showing a steady decline in both new foreclosure filings and the number of properties in the foreclosure process. The data mirrors our local information as we watch the local foreclosure count declining. In fact, [...]

John Leitschuh, president of the Daytona Beach Area Association of Realtors, commented on the local real estate market in a recent article by the Daytona Beach News-Journal. John was asked about the recent census data and how it impacted the available homes in the area. He shared many interesting comments about the local job market [...]

Daytona Home Prices Continue to Stabilize The average price per square foot for single family homes in Daytona Beach continues to be almost completely flat for yet another month. This defies the national average which, to all reports, continues to decline. In addition, the number of sales shows the typical seasonality over the previous year [...]

Home sales in West Volusia are tracked by Realtors using the MyFlorida MLS System. The data that follows is extracted from the system and looks at 2010 information. Sales Counts by City in West Volusia City Non-Distressed REO/Bank Owned Short Sale Grand Total DELTONA 447 795 296 1538 DELAND 312 220 117 649 DEBARY 118 85 58 261 ORANGE CITY 82 [...]

Overview There is certainly substantial confusion in the market about the differences between foreclosures and short sales. In the case of home sales a buyer is typically required to borrow a portion of the funds from a third party in order to purchase the house. That amount is paid at the closing in order to [...]