The Orlando Sentinel front page article feature story entitled "As Foreclosures Soar, Dreams Die" is well written and brings out the problems we are facing both here in Florida and nationwide. It points out the causes of investors buying into the market and causing price increases of up the 10% per month in some areas. Also, it addresses how to avoid foreclosure.

However, it does not point out one of the other root causes of our troubles here in Florida. It does not address why people are leaving and fueling the problem of inventory glut and that is our property tax crises and insurance crisis. We cannot blame the credit market and investors for this. This is a problem we must fix because no interest rate reduction of any kind can overcome the insane cost of property insurance and property taxes.

We must fix this now to stop the flood of people leaving the state and moving to Georgia, Tennessee and North Carolina. The fixes of these two problems will greatly help the real estate market. Also missing from their article "Tips on how to avoid foreclosure" is mention is the short sale.

This is a process where the bank is willing to take less than what is owed and the property can be sold to a buyer at a lower price. This gives a certain level of closure to the seller of the property and it shows the lender the borrower's willingness to work hard to get the home sold even during tough times. I think this should have been mentioned in the Orlando Sentinel because it prevents a foreclosure from showing up on the seller's credit.

Here is our website for further information on how to avoid foreclosure: http://www.florida-foreclosuresolutions.com