Blog

Christina Sturgis | Tampa Bay Times Blog | “Florida is first in an undesirable competition – the number of foreclosures, which can take terrible toll on Tampa families and communities. One of every 409 Florida homes is in foreclosure, as of the end of 2013. According to the report by RealtyTrac, the other top states forRead more

Tom Priester | Examiner.com | “RealtyTrac says they are, but are they really? Late last week RealtyTrac released their latest Residential & Foreclosure Sales Report. That report showed a significant pull back by institutional investors in the nationwide market. Figures they compiled as of February 1st show that month over month purchases by these groupsRead more

Associated Press | “The House approved legislation Tuesday night to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases. The bill would allow sellers to pass along their subsidized, below-market insurance rates to new buyers and lower the limit on how muchRead more

The Staff | National Mortgage Professional Magazine | “RealtyTrac released its January 2014 Residential & Foreclosure Sales Report, which shows that institutional investors — defined as entities purchasing at least 10 properties in a calendar year — accounted for 5.2 percent of all U.S. residential property sales in January, down from 7.9 percent in December andRead more

Mamta Badkar | Business Insider | “According to a report from the Mortgage Bankers Association, 11.8% of New Jersey’s loans in foreclosure are seriously delinquent. That figure sees New Jersey oust Florida from the top spot, which has 11.7% of seriously delinquent loans. New York takes the third spot at 9.11%. Following this, Bloomberg News reported that “the epicenterRead more

John Hielscher | Herald Tribune | “Florida held the nation’s top spot again in January for both the most completed foreclosures and the highest percentage of distressed properties. A total of 116,000 foreclosures were completed in Florida during the 12-month period ended last month, more than twice as many as any other state, data provider CoreLogicRead more

Paul Owers | Sun Sentinel | “Just 10 days before Christmas 2009, Ganel Appolon found an envelope taped to his front door. He and his family were being evicted from their Tamarac home. Appolon had fallen behind on his mortgage payments, and the lender repossessed the property under terms of his bankruptcy filing. Despite the financial setback, Appolon vowedRead more

News Release: Florida Senate | WCTV | “Today SB 542 by Senator Jeff Brandes (R-St. Petersburg) passed the Senate Committee on Appropriations with strong unanimous support. The bill lays the framework for a private flood insurance marketplace in Florida in response to rate increases from the National Flood Insurance Program. “Florida families are facing foreclosureRead more

Prashant Gopal | Bloomberg | The rate of new foreclosures in the U.S. dropped to the lowest level in eight years as rising property prices erased negative equity and allowed more delinquent homeowners to sell without losing money. The share of loans on which foreclosure actions were started declined in the fourth quarter to 0.54 percent from 0.7 percentRead more

MortgageOrb.com | “The end of 2013 showed broad improvements in delinquency and foreclosure rates, dropping to their lowest levels in six years, reports the Mortgage Bankers Association (MBA) in its Q4 2013 National Delinquency Survey. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.39% of all loans outstandingRead more