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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

Steven Perlberg |   “Real estate investors are getting back in the flipping game, netting an average gross profit of nearly $20,000 on single family home flips in the first half of 2013. Home flips are up 19% from a year ago and 74% from the first half of 2011,according to a new report from Realtytrac .Read more

Josh Salman | Herald Tribune | “Courts across Florida are chipping away at massive foreclosure backlogs, and while that pace may accelerate thanks to a new law aimed at further expediting the process, choked court systems remain a reality throughout the state. In the 12th Judicial Circuit, which includes Sarasota, Manatee and DeSoto counties, more thanRead more

ecreditdaily.com | “Recipients in California and Florida have received nearly one-third of the checks distributed under the Independent Foreclosure Review, according to new data released by bank regulators. That’s out of $2.326 billion cashed or deposited as of May 31, 2013, according to a state-by-state table released by the Office of the Comptroller of the Currency, the regulatorRead 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

Josh Salman | Herald Tribune | “Lenders completed fewer foreclosures nationwide in May, but the rate of defaults continue to top recent years and the amount of distressed residences remains dangerously high, a new report shows. Mortgage bankers repossessed 52,000 delinquent U.S. homes in May, a 3.5 percent increase from April but down 27 percent fromRead more

By Les Christie | @CNNMoney | “The long national foreclosure nightmare is nearing its end, with foreclosure filings hitting their lowest level since before the housing bust.   Total foreclosure filings, including notices of default, scheduled auctions and bank repossessions, dropped to 127,790 in June, down 35% over the past 12 months, according to RealtyTrac. Overall, filings haveRead more

Cameron Davis | ThinkProgress | “The number of completed foreclosures in May was down 27 percent, to 50,000, compared to May of last year, analytics firm Core Logic reported Tuesday. One million homes remain in some stage of foreclosure, although that figure is down 29 percent from a year earlier. But while foreclosure rates are downRead more