More than 50% of all homes sold in February in Florida’s Flagler County and along the Palm Coast were either foreclosure or short sales, those in which the selling price is lower than the amount owed on the mortgage loan.  According to Toby Tobin, a sharp observer of real estate issues in Florida, nearly a quarter of homes slated for foreclosure sales in April are in the “upscale” range.  At his web site, Toby provides a list of those properties and their prices.

        You can read Toby’s article on distressed properties by clicking here.