Blog

Solomon Poretsky, Demand Media | “Florida’s legislature passed the “Florida Fair Foreclosure Act” on July 1, 2013. It’s designed to help clear up Florida’s large backlog of foreclosures. As written, it contains protections for both lenders and borrowers and spans both owner-occupied and investment properties. Even with the homeowner protections, the law is unpopular withRead more

Linda Hersey | SaintPetersBlog | “More homes sold in St. Petersburg than any other Pinellas County city in July. But Florida overall tops the nation in the percentage of underwater homes and short sales, according to new statistics. RealtyTrac, which monitors homes in foreclosure, reports that in August the Sunshine State was No. 2 in theRead more

Rebecca Freeman | U.S. Finance Post | “The number of foreclosures in July were down 25 percent from a year earlier according to CoreLogic. During the month of July 49,000 foreclosures were completed compared to 53,000 the previous month.That was a decrease of 8.6 percent. In July 2012 there were 65,000 foreclosures. For context, CoreLogic pointed toRead more

By Francys Vallecillo | World Property Channel | “The U.S. foreclosure inventory decreased 32 percent in July compared to last year, according to the latest numbers from CoreLogic. The inventory included approximately 949,000 homes in some stage of foreclosure. As of July, the foreclosure inventory represented 2.4 percent of all homes with a mortgage, compared toRead more

Raju Chebium | Gannett Washington Bureau | “California’s hard-hit housing market has improved considerably since the crisis of 2008 but Congress should pass President Barack Obama’s latest proposals to keep that recovery on track, Housing Secretary Shaun Donovan said Monday. The White House released a raft of evidence touting California’s housing recovery due to policies adopted since ObamaRead more

Timothy Gibbons | Managing Editor- Jacksonville Business Journal | “Florida had nine of the top 10 cities with the highest foreclosure rates in the nation, a list led by Jacksonville, according to the Florida Legislature’s Office of Economic and Demographic Research. That’s the third month in a row, the Jacksonville News & Daily Record say, that the stateRead more

William R. Levesque, Times Staff Writer | Scott and Jill Kelley’s posh home on Bayshore Boulevard in Tampa is in foreclosure. CAROLINA HIDALGO | Times “Attorneys had gathered in a conference room to question the Tampa socialite who had unwittingly triggered the scandal that ended the career of CIA director David Petraeus. Jill Kelley’s house isRead more

By Christine DeGangi | AOL Real Estate | “Maryland’s foreclosure starts in July increased 275 percent from last year, according to RealtyTrac’s July 2013 U.S. Foreclosure Market Report. Overall Maryland foreclosure activity — including default notices, scheduled auctions and bank repossessions — saw a 148 percent increase since July 2012 with one in every 598 housing units inRead more

ILYCE GLINK | Moneywatch | CBS News | “Throughout the housing crisis, short sales have generally been praised as a good deal for everyone: distressed homeowners get a chance to avoid foreclosure, banks recoup more money from the sale and buyers get a great deal. But it’s not all roses. In fact, in some areasRead more

PRWeb.com | Digital Journal | HARP Mortgage Lender (http://harpmortgagelender.com) , a national network of mortgage professionals who are approved for the Home Affordable Refinance Program, reported that Florida HARP applications have dropped in the second quarter of 2013 as mortgage rates continue to rise. The Florida Home Affordable Refinance Program (HARP) was revised in late 2011Read more