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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

US Property Market Forecasted To Recover

26th Jun, 2012back

45 It has been announced that the number of properties being foreclosed has risen for the first time in 27 months, according to data released by RealtyTrac; however, experts have stated that they expect the US residential real estate market to recover gradually over the coming months and years.
There was a 12% rise between April and May in the number of properties being foreclosed, with an overall annual rise of 16% after what had been 27 months of month-on-month decline.  Although bank repossessions sunk to a 49-month low in April, this figure rose by 7% during May with 54,844 homes being repossessed in that month alone.  While this move is unfortunate for some, it is offering others a chance to buy property for the first time and offering investors a chance to increase their portfolio.
Speaking about the figures, RealtyTrac’s vice-president, Daren Blomquist, said: “That the May numbers were up the month after that settlement was completed is an indication that lenders are more confident that there are clear ground rules to foreclose now, so they can play by the rules.  The banks are getting to a place where they consider their foreclosure processing issues resolved, so they're confident enough to go ahead and push through more foreclosures,"
Blomquist was quick to highlight, however, that the rise in foreclosures was not down to new borrowers starting to miss payments. He pointed out that he anticipates many of the new foreclosure starts to result in what he described as ‘short sales’. This is a process where the property is sold, with the lender keeping the proceeds while releasing the borrower from any further obligation.

Between 1976 and 2006 the value of building plots in Florida rose from an average of $15,000 to $250,000

The Lincoln Institute of Land Policy