Blog

Allison Halliday | Realty Biz News | “According to an article by AOL , home foreclosure filings in the US reached a six and half year low in June, based on figures from a RealtyTrac. Apparently there were 127,790 properties with foreclosure filings for that month, a decrease of 14% compared to May, and a massive 35% decrease comparedRead more

by Reuters |   “NEW YORK — U.S. home foreclosure filings tumbled in June to a 6½-year low, a further sign the housing market is getting back on better footing, a report from RealtyTrac showed Thursday. Overall, 127,790 properties had foreclosure filings last month, down 14 percent from May, and down 35 percent from a year earlier. ItRead more

Elizabeth Atkins | Eastern Morning Herald | “In the month of May 2013, foreclosure rates in Southwest Florida were down quite a bit, but not enough to prevent the area from having one of the highest foreclosure rates in the United States. Data analysis firm CoreLogic’s statistics released recently show that the foreclosure rate inRead more

BBC | “The Justice Department and the Securities and Exchange Commission filed parallel suits in North Carolina. Attorney General Eric Holder said the government wanted “justice for those who have been victimized.” Bank of America denied the charges, arguing “these were prime mortgages sold to sophisticated investors.” The bank already hinted it expected the suitsRead more

Mark Felsenthal and Margaret Chadbourn | Reuters “Obama will propose eliminating mortgage finance entities Fannie Mae andFreddie Mac over time, replacing them with a system in which the private market buys home loans from lenders and repackages them as securities for investors, senior administration officials said. The mortgage securitization process is deemed essential to the smooth flow ofRead more

Dennis Bovell | Broward Palm Beach Post | “Ted Koran and his wife, Karen, have been taking in unwanted or neglected animals for the past 25 years. The couple owns The Critter Place in Weeki Wachee,Florida, a non-profit charitable organization dedicated to saving animals. The two acre property, which also includes their mobile home, currently caresRead more

Kevin Bouffard | THE LEDGER | “Controversial Lakeland developer Jeff Holden may lose a significant chunk of his commercial real estate holdings to foreclosure unless he can come up with almost $18 million to pay off the mortgages. Two Holden properties have already been placed into receivership under foreclosure actions that began in February 2012 while aRead more

Donna Gehrke-White | Sun Sentinel | “The Plantation company that handles Broward and Miami-Dade’s online foreclosure auctions and Palm Beach County‘s tax lien sales declared bankruptcy after it was ordered to put up a $4.3 million bond to fight a $8.1 million jury award to its archrival for software patent infringement. On Friday, a U.S. bankruptcy judge in FortRead more

by Kim Miller | “The goliath air conditioning system in the Palm Beach County courthouse is chugging full tilt as the temperature nears 90-degrees outside and, up on the fourth floor, the foreclosure court sign-in line grows. It’s been more than five years since Florida was rocked by the housing crisis, three years since theRead more

Dick Hogan | “Lee County’s housing market got a double dose of good news Thursday as July foreclosures dove to the lowest level in more than six years while new home permits stayed strong. Even with Fort Myers Beach statistics not available, builders throughout the county pulled 247 permits for single-family homes — nearly as manyRead more