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Paul Brinkmann | South Florida Business Journal | “An apparent oversight by JPMorgan Chase Bank recently led to the dismissal of a foreclosure on Valerie Kaan’s $8 million waterfront home in Boca Raton. The bank requested dismissal of the 2008 case when Kaan’s attorney, Roy Oppenheim, objected to the sudden appearance of the original note on the loan. The bankRead more

Christina Mlynski | Housing Wire | While the housing market is on the mend — with progress even in the hardest-hit states — the backlog of homes in foreclosure and real-estate owned properties is still clogging the pipeline, analysts claim. The East Coast is a testament to such findings, where the duration of the foreclosureRead more

Martin Michaels | Mint Press News | Protesters marched for International Workers Day on May Day in Minneapolis, Minn. (Photo/Fibonacci Blue via Flickr) “Last week, housing rights advocates in 15 U.S. cities delivered 10,000 petition signatures to Chase Bank branches demanding justice for Sergio Ceballos, a Minneapolis resident who faces what advocates believe is an unjust foreclosure proceeding.Read more

JANN SWANSON | Mortgage News Daily | “The Federal Reserve Bank of New York has updated and released proceedings of a conference it held last October in conjunction with the Rockefeller Institute of New York. The conference, entitled Distressed Residential Real Estate: Dimensions, Impacts, and Remedies was devoted to three main topics: An assessment volumes of properties thatRead more

eCreditDaily | “There is a considerably larger volume of loans in the foreclosure process in judicial states — where a judge presides — and that appears to be impeding home price recovery in those states. An analysis by the Federal Reserve Bank of New York shows that the average number of days that a mortgageRead more

Michael Sasso | Tribune Staff | “Fewer people are losing homes in the Tampa Bay area, but the region still has the nation’s sixth-highest foreclosure rate, a new ranking shows. In fact, metropolitan areas in Florida take up five of the six top spots in the nationwide ranking by RealtyTrac, a foreclosure research firm. That’s likelyRead more

CBS Miami | (Photo by Al Messerschmidt/Getty Images) “FORT LAUDERDALE (AP) — Former Miami Dolphins quarterback Daunte Culpepper has lost one of his South Florida homes he owned to a bank in a foreclosure case. Broward County court records show the 9,867-square-foot home was surrendered in April to SunTrust Bank in lieu of foreclosure. TheRead more

Jonathan Stempel | Reuters | “Bank of America Corp (BAC.N) rejected allegations that greed and bad faith drove the bank and its workers to push distressed homeowners into foreclosure, rather than help them obtain loan modifications to which they were entitled. The second-largest U.S. bank made its argument in court filings on Friday, in an effortRead more

Orlando Sentinel | “Rarely does U.S. Rep. Corrine Brown feud with the White House — the veteran Florida lawmaker is a loyal Democrat, after all. But plans by the administration to shutter a pair of housing offices in Orlando and Tampa as soon as this fall has stirred Brown into mounting an intense, and occasionally bitter, campaign to keepRead more

By Scott Blake |     Banks and other mortgage servicers are holding many homes in foreclosure without putting them up for sale, according to local market watchers.    In fact, Florida leads the nation by far in vacant homes in foreclosure, with more than 55,000 homes in foreclosure sitting empty, according to a recent report by RealtyTracRead more