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JANN SWANSON | MortgageNewsDaily “In its monthly e-magazine Foreclosure Report RealtyTrac takes a look at the current and potential impact of legislation designed to rescue the nation’s flood insurance program.  Within that legislation RealtyTrac says there may be looming another demonstration of the theory of unintended consequences. The National Flood Insurance Program (NFIP) was created by an act ofRead more

Christopher O’Donnell | Tampa Tribune | “Two years ago, Shanoah Washington’s home on Preston Street in the Melrose Mercy neighborhood was a gutted shell. Thieves had ripped out the air handler and plumbing. Gone, too, were windows, electrical wiring and most of the kitchen. The home attracted the attention of St. Petersburg City Council ChairmanRead more

“Realty Trac has released new data from July showing the Florida counties with the highest foreclosure rate.” See slideshow here

By John Hielscher | Herald-Tribune | “A popular tax break that has saved struggling Southwest Florida homeowners millions of dollars is slated to expire at the end of this year. The tax deduction on forgiven mortgage debt has been available for the past seven years, one of a number of measures intended to ease financial pressure broughtRead more

Eric Kalis | Palm Beach Post | The Real Deal | “For homeowners in Florida, obtaining a loan modification through the federal government is not necessarily preventing future defaults. The inspector general for the Troubled Asset Relief Program says 27 percent of Florida homeowners who modified mortgages through the Home Affordable Modification Program have onceRead more

By Josh Salman | Herald-Tribune | “Florida’s $1 billion program to help prevent foreclosures in the wake of the housing crisis continues to diversify. The Florida Housing Finance Corp. announced Tuesday it would earmark $25 million of its Hardest-Hit Fund to help elderly homeowners with reverse mortgages. The agency says the new program will help recession-battered FloridiansRead more

CHARLENE CROWELL | NNPA | “With the annual holiday season approaching, many across the country will soon be celebrating with families and loved ones. Many such gatherings will toast the season and its blessings. But for families still troubled by delinquent mortgages and foreclosures, this time of year has another meaning. These consumers are wonderingRead more

Jann Swanson | Mortgage News Daily | “Foreclosure activity in September was up 2 percent from August, RealtyTrac said today, but the third quarter saw the lowest level of foreclosure related filings since the financial crisis began.  The company’s U.S. Foreclosure Market ReportTM covering the two periods showed 131,232 filings in September including default notices, scheduled auctions, and bank repossessions orRead more

Drew Harwell | Tampa Bay Times | “Florida is seeing fewer foreclosure filings, but so is everyone else, keeping the Sunshine State on top of the national heap for foreclosure rates, new data from research firm RealtyTrac show. About 70,000 statewide housing units saw a foreclosure filing in July, August and September, down 7 percentRead more

Press Release | Digital Journal | “RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its U.S. Foreclosure Market Report™ for September and the third quarter of 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 131,232 U.S. properties in September, a 2 percent increase from theRead more