Archive

Posts Tagged ‘jacksonville florida’

Foreclosure Inventory and Delinquency Rate Fall from Year Ago

July 24th, 2014 Comments off

Jacksonville, Fla.-based analytics firm Black Knight Financial Services reports foreclosure inventory fell to its lowest level in six years in June, dropping 36 percent from a year earlier to 951,000 properties, according to nationalmortgagenews.com. Marking its 26th consecutive month of declines, foreclosure starts numbered 88,300 in June, a drop of 19 percent year-over-year. Although the loan delinquency rate rose 1.6 percent June over May, 2014, the rate for June was 5.7 percent, a decline of 15 percent from a year ago. MHProNews has learned over 2.8 million properties are considered to be delinquent, although not in foreclosure. The five states with the most foreclosures and delinquencies as a percent of active loans are Mississippi, New Jersey, Florida, New York and Louisiana. Black Knight’s data represents about two-thirds of fo the overall mortgage market. ##

(Photo credit: merchantcircle.com)

Modular Home Includes Disaster-Resistant Space

January 15th, 2014 Comments off

An 80,000 lb. concrete monolith portion of a home developed by Jacksonville, Florida-based Montenero U. S. has been installed in Moore, Oklahoma, the site of a devastating tornado May 20, 2013. Comprising almost a third of the 1,885 square-foot house’s structural support, newsok.com informs MHProNews.com the shell will provide an EF5 tornado and hurricane-resistant space in the otherwise normal-looking home. Jay London, builder and founder of Jay London Homes LLC in Moore, says the nearly 600 square-feet shell, manufactured with openings for impact-resistant windows and hurricane shutters, includes two bedrooms and a bath. The exterior siding, interior drywall and traditional roofline hides what London calls “one big safe room.”

(Photo credit: Steve Gooch/theoklahoman–modular concrete shell)

New Owner of MHC’s Making Improvements

September 4th, 2012 Comments off

Roger Bull’s Sunday Notebook in jacksonville reports the sale of two manufactured housing communities in Jacksonville, Florida to Rufus & Roxy LLC of Bainbridge Island, Washington. An extensive Google search led to the owner, Scott Fallows, who bought Sunny Oaks North Mobile Home Park and Briarwood Mobile Home Estates, which will be renamed Sunny Oaks South, when they were in default and is turning them around. together they comprise Sunny Oaks Communities.  In a conversation with MHProNews, Mr. Fallows said the two MHCs were in a “troubled state” when he purchased them with only a 15% occupancy of a total of 124 sites, and he has managed to upgrade them and rid them of a criminal element. Occupancy has increased to 30%, and he expects that number to increase to 85% within two years.

(Photo credit: Sunny Oaks Communities)

Passages: Jim Brand

March 14th, 2012 Comments off

Triad Financial Services, Inc. informs us that Jim Brand, Houston-based regional manager for the manufactured housing lender, passed away March 9 after a brief battle with cancer. With Triad since 2005, Jim previously worked for Associates Housing Finance as Sales Purchase Office Manager. Blessed with good humor and an infectious laugh, Anthony Glass, vice-president at Triad’s corporate office in Jacksonville, Florida, said Jim always had a funny story to go along with any problem he encountered. We at MHProNews offer our sincerest condolences to his wife, children, and grandchildren in this time of sorrow.

(Photo credit: Texas Mfg. Housing Association)