...properties that are unoccupied by the owners. We’re just entering into the beginnings of this mess, but it appears that many of the investors, especially in states like Florida, are just walking away from the loan. An excerpt: ...

Today's Local Real Estate News: "Rates are higher because credit ...
“American estate agents claim it is ‘softening’, economists say it is ‘crashing’, and the truth is probably somewhere in-between for the US property market.” “Prices had been climbing in Florida since 2003, with speculators pushing them ...