Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Is Miami the Foreclosure Capital of the World?

LOS ANGELES, Nov. 7, 2012 /PRNewswire-iReach/ -- It wasn't the story she was expecting to hear…All Nicky wanted to do was help her daughter – a soon-to-be graduate student at Florida International University – find a place to live for the fall semester. Since she was unfamiliar with Miami's vast landscape, she turned to a realtor. She was counting her lucky stars she had, because she never would have never known about a growing issue otherwise. What was it? Miami renters were finding great apartments, condos, and houses at affordable prices (something that's not always easy to do). They were filling out applications, signing leases, handing over first and last months' rent, and getting their keys. The only problem? Property owners were leaving out one small detail – they were one step away from foreclosure. Within a couple of months, banks were taking over, and renters were out on the streets and out of luck. By the time late summer rolled around, realtors were doing more homework on behalf of their clients. That way, unassuming renters weren't getting blindsided a few months into a pricey lease. But, still, it begs the question – with months chock full of horror stories like these, is Miami the foreclosure capital of the world?  (Rent to own- Is it right for you?)

(Photo: http://photos.prnewswire.com/prnh/20121107/CG08050)

Numbers-wise, you can certainly make that argument. As of August, the rate of foreclosures in the greater Miami area was 16.42%. That accounts for properties in some form of the foreclosure process – not properties that have been completely taken over by the bank. On top of that, a whopping 22.89% of homeowners were at least 90 days delinquent on their mortgages in August. Both of those numbers are significantly higher than the national averages for August – and that's in spite of some of the horror stories we've seen come out of California and Nevada over the past few months. In fact, Florida now leads the way when it comes to foreclosures. Part of the problem stems from the fact that Miami saw some of the biggest home value increases before the bubble burst. Now that values have plummeted, homeowners are left with a huge gap that's much bigger than what people in other areas are dealing with. However, Miami isn't ready to take that foreclosure crown just yet. That's because, as bad as the latest foreclosure numbers are, they're actually an improvement over last year's numbers. In fact, last August, 18.14% of Miami-area mortgages were in some part of the foreclosure process. Additionally, 25.45% of homeowners were at least 90 days delinquent on their mortgages. However, those positive gains could soon turn negative. Why?

South Florida has been hit particularly hard by the bankruptcy bug. According to statistics released last week, Miami-Dade, Broward, and Palm Beach Counties all saw a massive increase in the number of bankruptcies filed during the month of October – a 19% increase, to be exact. That news has local real estate experts and attorneys worried that a surge in foreclosures could soon follow. Miami-Dade County could see the biggest impact, simply because they saw the largest number of bankruptcy filings. However, it's also important to remember that some of these bankruptcies were caused by existing foreclosures – not vice versa. In fact, Miami-area attorneys say that many South Floridians filed for bankruptcy after receiving a final foreclosure notice. As a result, the increase in foreclosures might not be as dramatic as you think. Bottom line – until Miami homeowners can get a handle on the foreclosure-bankruptcy cycle, it's going to be tough for other areas to lay claim to the "Foreclosure Capital of the World" title.

Media Contact: Daniel Torelli RealtyPin.com, 514-836-1432, daniel@realtypin.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE RealtyPin

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained S...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and proce...
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone fa...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide c...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE