Blog

The neighbors are outraged, but the Texas resident says his takeover is legal and will eventually give him title to the suburban Dallas home. By Teresa at MSN Real Estate “We all dream of scoring a great deal on a house. But a $330,000 house for $16? Kenneth Robinson of the Dallas suburb of Flower Mound, Texas,Read more

WinkNews | WASHINGTON, D.C.- U.S. Sen. Bill Nelson (D-FL) wants federal regulators to investigate and crack down on the mortgage industry’s inaccurate reporting of short sales as more financially harmful foreclosures in many consumers’ credit reports. The Florida Democrat represents a state that continues to be one of the worst in the nation for theRead more

Julie Schmit, USA TODAY | Foreclosure activity in April fell to its lowest level in 74 months, but action is ramping up in some states, says a national foreclosure tracker. In April, one of every 905 U.S. housing units received a foreclosure filing, market watcher RealtyTrac says. That was the lowest level since February 2007Read more

By ASSOCIATED PRESS |   “TALLAHASSEE — With tens of thousands of foreclosure cases clogged in the state’s courts, the Florida Supreme Court is signing off on a plan to use lawyers — and not judges — to handle them. The court on Thursday issued an order that will allow chief judges across the state to use “generalRead more

By John Hielscher | Florida again led the nation with the highest percentage of homes in foreclosure in March, according to a new report. Facts HIGHEST PERCENTAGE: 9.7% of state’s homes were in such distress in March The state’s foreclosure inventory — those in some stage of foreclosure — extended to 9.7 percent of all mortgaged homesRead more

NEWS SERVICE OF FLORIDA | Two hundred million dollars from banks would go for various housing programs, and to help the homeless, under legislation passed Tuesday by the Florida House. The money was earmarked from the national mortgage settlement. Bank of America was one of five large banks that paid the state $334 million to settleRead more

By: Amy Green | May 13, 2013 | WMFE – A consumer advocacy group is calling on Gov. Rick Scott to veto legislation aimed at accelerating the foreclosure process. Advocates say the bill should focus on banks and funding for judges, not homeowners. The bill allows more parties – like homeowners and condominium associations –Read more

A few lenders are offering loans to borrowers with damaged credit. But, unlike during the boom, they are asking for big down payments and lots of documentation. By Teresa at MSN Real Estate They’re ba-ack. We don’t mean ghosts. But some may see the ghosts of the real-estate crash past in the reappearance of subprime loans.Read more

By JENNA BUZZACCO-FOERSTER |   TALLAHASSEE — Legislation to streamline the state’s foreclosure process has cleared its final legislative hurdle. Now the fate of House Bill 87 — the mortgage foreclosure bill carried by Rep.Kathleen Passidomo , R-Naples, in the House and Sen. Jack Latvala, R-Clearwater, in the Senate — lies in the hands of Gov. Rick Scott . The stateRead more

Foreclosure | By Zac Anderson, Herald-Tribune |   TALLAHASSEE Lawmakers rammed a controversial fast-track foreclosure bill through a second Senate committee Tuesday, limiting debate on legislation critics say weakens legal protections for homeowners. The legislation passed the Senate Judiciary Committee 6-2 and is gaining momentum after little activity in recent weeks. Even lawmakers who voted againstRead more