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Martha Brannigan | Miami Herald “It is a condominium association’s version of winning the lotto. A big bank missed its deadline to file for foreclosure on a million-dollar condo unit by 10 days. As a result, Peninsula Condominium Association in Aventura will get to keep the condo — a fancy three-bedroom, three-bathroom bayfront pad thatRead more

Inman News | “Four out of the nation’s five largest servicers — Bank of America, JPMorgan Chase, Citigroup, and Wells Fargo — are failing to comply with servicing rules set forth in the $25 billion national mortgage settlement reached last year, according to a report released Wednesday by Joseph A. Smith Jr., the settlement’s court-appointedRead more

BY: ESTHER CHO | “As Fannie Mae and Freddie Mac continue their efforts to prevent millions of foreclosures, delinquency rates are also declining, with 60-plus delinquencies down to the lowest level since the first quarter of 2009, according to a report from the Federal Housing Finance Agency (FHFA).    So far, efforts from the GSEs have led to nearly 2.8 millionRead more

Huffington Post | “My father arrived in this country from Europe in the late 1940s with a love of all things American but was especially fond of the post-war boom in emerging technology. To satisfy this hunger, he bought himself a new-fangled Webcor reel-to-reel tape recorder replete with a throbbing green “magic eye” (to monitorRead more

by Kim Miller |  Palm Beach Post | “The founder of a Florida-based mortgage servicing firm was sentenced to five years in prison yesterday for her participation in a six-year scheme to prepare and file more than 1 million fraudulently-signed and notarized documents. Lorraine Brown, 56, launched the company DocX, which later became Jacksonville-based LPSRead more

  Florida legislature allows accelerated sale of foreclosed houses Posted by Kari | CRS Data “Realtors in Florida should prepare to brush up on their short-sale skills, as a new law aimed at speeding up the foreclosure process was passed on June 7. Supporters of the bill noted that the new law would help to improveRead more

TampaBay Newspapers | CLEARWATER – “One judge’s caseload will be distributed to other Civil Division judges so that he can work fulltime on clearing the more than 16,000 foreclosure cases that are backlogged in Pinellas County. Effective Sept. 1, Circuit Judge Thomas M. Minkoff’s court dockets and calendars will be filled with foreclosure cases that wereRead more

BRIAN J. O’CONNOR | DETROIT NEWS FINANCE EDITOR | “The former president of a Georgia company that filed more than 1 million forged foreclosure documents in Michigan and other states was sentenced to five years in federal prison Tuesday. Lorraine Brown: Former President of DocX Lorraine Brown, the former president of the DocX document processing firmRead more

by Kim Miller | “The number of foreclosed homes that have been abandoned by their owners is by far the highest in Florida with 55,503 properties sitting empty and in some stage of a bank takeover. That’s 33 percent of the national total with Illinois coming second with 17,672 vacant and foreclosed homes. In aRead more

Gray Rohrer | “Florida has more vacant homes in foreclosure than any other state in the nation, easily beating out other large states with troubled housing markets, according to a report released Thursday by RealtyTrac, a California company that tracks distressed properties. There are 55,503 housing units in foreclosure in Florida that are vacant. That’s 33Read more