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Welcome to the Fairhomes Land Investor Information website. Please read the information carefully before using this site. By continuing on this site you acknowledge that you have read and agreed to the following: Forward Looking Statements – Statements prepared by Fairhomes Land and made on the Fairhomes Land Investor Information website that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. For the purpose of establishing the Seller’s compliance with Federal Interstate Land Sale Full Disclosure Act 15 USC 1701 (“ILSA”) in the sale of lots to buyers, the enquirer confirms that they are a builder, investor or developer licensed to do business in the state of Florida and is engaged in a bona fide land sale business and is purchasing the property for the sole purpose of either constructing a residential home or selling the same in the normal course of its business. The enquirer further represents and warrants to the Seller that the enquirer is in the above referenced business sale of land sales and/or building residential homes and selling the same as an activity of continuity, regularity and permanency. The enquirer is a knowledgeable and sophisticated investor, developer or builder of real estate properties.
Tel: +1 (905) 415-9267 or +350 200 400 48

Data reveals foreclosure process slowing rate of rising values

26th Feb, 2013back

359 According to web-based real estate tracker Zillow, the drawn out foreclosure process could be having a detrimental effect on the rate of rising house prices in Florida. Zillow discovered that states without excessively long foreclosure processes have experienced increases in home prices at faster rates than states where foreclosures are drawn out, such as Florida.


In 2012, home values tracked by Zillow saw an average increase of 5.4% in the 24 states where foreclosures were completed outside the courts, whereas foreclosures going through the courts increased at an average rate of 3.2%.


Local governments in Florida have been lobbying for a change in procedure that would streamline the foreclosure process in the state, but many lawyers have argued that there is rationale behind the current system as it stands to protect home owners from being bulldozed through the system without fully understanding the implications.


Melbourne lawyer Ruth Rhodes, who specializes in bankruptcies and foreclosures, said: "You can't always look at the bottom line. You have to take into consideration people's rights here."


The longer foreclosure process currently being used in Florida ensures that parties holding the loans have the necessary paperwork and are indeed who they say they are, but many people believe that the process could be made simpler without forgoing any homeowners' rights and therefore ensure that foreclosed homes do not lose value while they are caught up in the process.


Florida home values have been displaying continued growth and the 6.4% figure taken from last year exceeded the national rise of 5.9%. The statistics are undeniably positive; however, it has been called into question whether this growth could be pushed even further should the foreclosure process be made less excessive.