Brevard County foreclosures and short sales are continuing to affect our local real estate market here in Brevard County Florida. Now we are going to get another slap in the face with the Space Center layoffs later this year. When the layoffs begin we will see Brevard foreclosures increase in the area even more.
As a Brevard County short sale realtor, I am seeing hundreds of people just walking away from their home and letting the bank foreclose on their Brevard home. With the downturn in the real estate market their is a huge number of homes that are "upside down" on their mortgages. In other words, they owe more on their home than they can sell if for in the present market. On average, it looks like most homeowners who purchased their
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