Update from the Foreclosure-Based Economy 0
Process servers are nearing full employment in Florida (emphasis added).
Tampa Bay saw more than 2,000 foreclosure starts, nearly 300 more than the previous August, new data from RealtyTrac shows. Nearly 1,000 Tampa Bay homes were repossessed, twice as many as August 2011.
(snip)
But real-estate agents see the continued foreclosures as a stabilizing force for the housing market, clearing the logjam of distressed homes and opening them up to sale.
It’s certainly a stabilizing force for real estate agent commissions.