Foreclosure fiasco frustrates homeowners

2010-10-17T11:00:13Z

DELRAY BEACH, Florida (Reuters) - Curtis Jones has fought for more than a year to keep his two-story townhouse in this beachside Florida city from being foreclosed.

Jones, a 49-year-old construction worker, feels like it is a one-sided fight.

"Nobody is willing to work with me. They just brush you off," he said.

Foreclosure anger is now hitting election campaign

2010-10-15T10:13:07Z

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Foreclosure Help - Preserve Your Rights

2010-11-02T18:46:17Z

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My thoughts on South Florida Foreclosures

2010-11-02T18:05:18Z

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Foreclosure Defendants May Get Judicial Assistance

2010-11-02T23:30:33Z

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Clean Foreclosure Properties: Why It’s a Lucrative Business Opportunity for Junk Haulers

2010-11-02T18:17:01Z

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JOBS AND FREE SERVICES

2010-11-02T17:54:01Z

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Foreclosure Investing: 6 Must-Know Things About Buying Foreclosed Properties with Right of Redemption Periods

2010-11-02T18:04:04Z

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Robo-signers: Mortgage experience not necessary

2010-10-12T16:01:04Z

Banks hired hair stylists, teens to process foreclosure documents, workers' testimony shows

A Florida lawyer says financial institutions, trying to rush through thousands of home foreclosures, hired hair stylists, Walmart floor workers and former assembly line employees to work as the "foreclosure experts" that have come to be known as robo-signers.

In depositio...

Unclear Titles Will Sideline Buyers of Foreclosed Properties for Many Months

2010-10-12T00:13:04Z

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Foreclosure Fraud 101: Why the System Risk

2010-10-12T00:05:42Z

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Where Is the Foreclosure Mess Leading?

2010-10-07T21:12:25Z

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New legal tactic helps associations gain control of abandoned condos

2010-10-06T11:06:22Z

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Faulty Foreclosure Cases May Prolong the Housing Market Slump

2010-10-05T14:12:18Z

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Bank of America delays foreclosures in 23 states

2010-10-04T09:23:27Z

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Which Cities Face Biggest Housing Risks?

2010-10-01T20:49:55Z

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Foreclosures weighing less on local market

2010-09-30T22:29:16Z

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Rogue Foreclosures: The Larger Threat

2010-09-29T22:07:53Z

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Does Probate Stop the Foreclosure Process?

2010-09-28T06:03:49Z

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Florida Consumer Contract Laws

2010-09-27T15:03:03Z

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Some Rule Covering Foreclosed Homes in Florida

2010-10-08T10:13:02Z

If you are interested to purchase foreclosed homes in Florida there are some details that can help you make an informed decision.

The only manner by which properties can become foreclosed homes in Florida is through judicial foreclosure. Under this method home mortgage lenders would need to file a case in court to foreclose on a home owner who has reneged on their obligation to pay the amortization. Lenders are under no obligation to inform their debtor that foreclosure proceedings...

Delay in Fla. foreclosures sought

2010-09-25T20:01:00Z

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Mortgage Reduction Program

2010-10-07T08:42:57Z

Government mortgage reduction program aims to assist the mortgage payments of stressed US home owners who wish to retain their houses. It potentially refinances them into government-backed mortgage loans with reduced payments. It hopes to improve the economic system of the country by resolving the foreclosure turmoil. The latest programs expect the customer to make payments instead of running away from the property.

The Government mortgage programs 2010 are the extensions and improvise...

GMAC stops some evictions, foreclosed home sales

2010-09-21T15:21:14Z

GMAC suspends certain evictions and foreclosed home sales as it addresses procedure issue

GMAC Mortgage LLC said Monday it halted certain evictions and sales of foreclosed homes as it corrects "a potential issue" in its foreclosure process.

The action highlights what is becoming a larger problem for lenders and servicers that may hav...

Florida Mortgage Help - The Government Steps In

2010-10-07T15:15:44Z

Do you require Florida Mortgage Help? Read on. With the word "foreclosure" increasingly being used in common parlance in recent years, there are many in the United States who could do better with mortgage help.

Understanding The Process

With a significant number of people facing foreclosure in different parts of the United States, especially in Nevada and Florida, the Government has come up with Florida Mortgage Help. If anybody is facing foreclosure in Florida, approaching the ...

What Are The Exclusive Benefits Of Investing In A Home Through Jacksonville Foreclosure Listings

2010-10-13T19:43:39Z

Jacksonville foreclosure listings are currently offering some of the hottest properties in the state of Florida at unbelievable asking prices. With a large number of homes coming under foreclosure the city has become one of the most sought after real estate hubs as foreclosed homes are available at nearly half of their actual market worth thereby making them a highly lucrative investment option.

For the first time low and mid income families are coming forward to purchase prim...

Number of Foreclosures in August, 2010 Still Falling

2010-09-11T16:20:57Z

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Tenant Rights in Lieu of Foreclosure in Florida

2010-11-02T14:36:24Z

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Florida Foreclosure Laws on Investment Properties

2010-11-02T14:31:23Z

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I Don't Wanna Pay Anymore!

2010-09-09T09:19:20Z

Wouldn't it be great if all of a sudden our mortgages disappeared; imagine how life would be without the burden of that monthly payment. Well, for many Americans this has become a reality. Not because they won the lottery or inherited a fortune from a long-lost uncle; they just decided to stop paying.

The real estate crash has left millions of homeowners wondering why they should keep paying on a mortgage that is worth, in many cases, twice the value of their property. Homeowners ...

Bank repossessions drive up July foreclosures

2010-08-12T07:45:07Z

NEW YORK (Reuters) - More Americans fell into foreclosure in July as a sour job market kept them from making payments, and banks took over homes at a near record pace.

Banks repossessed the second highest monthly number of homes ever last month, working through distressed loans already on their books rather than sharply stepping up new default notices, real estate data company Florida mortgage relief firm paying back $2.4 million to settle charges it misled consumers

Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.

The Federal Trade Commission said Thursday tha...

Foreclosure activity up across most US metro areas

2010-07-28T21:15:09Z

Report: Most large US metro areas saw spike in foreclosure warnings between January-June

Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows.

The trend is the latest sign that the nation's foreclosure crisis is worsening as homeowners battling high unemployment, slow job growth and an u...

Florida Deficiency Judgment Laws

2010-11-02T14:18:41Z

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How to Avoid Foreclosure in Florida

2010-11-02T14:15:20Z

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Will April 2010 be remembered as the month the foreclosure tide receded? ? ForeclosureConnections

2010-10-06T00:27:29Z

There is a light at the end of the foreclosure tunnel
New foreclosure activity is down 9%
The backlog's clearing as less new business hits the in-trays

America's foreclosure analysts are in agreement that the rate of foreclosures is leveling out across the country, but will not be declining soon.
One leading online analyst has reported that foreclosures were 9% down in April compared to March across the States, adding that this was the clearest ...

DJSP Enterprises: Small Cap Value in a Weak Economy

2010-11-02T12:07:08Z

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April foreclosures ebb, suggesting high plateau

2010-06-16T11:17:22Z

NEW YORK (Reuters) - Foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.

No meaningful improvement is likely this year, however, with mortgage modifications and high unemployment only delaying the ...

Advice For Foreclosed Home Buyers

2010-10-14T12:56:01Z

I just saw a piece on the news about a woman in Florida who bought a foreclosed home for $90,000 less than the asking price. A lot of mistakes were made that led her to not realize the home was infested with mold and was uninhabitable until after she bought it. This has inspired me to address the most important things a home buyer of a foreclosed home should know. If you live in Florida, where there is both an abundance of foreclosed homes on the real estate market as well as mold, this advic...

Finding Home Foreclosure Listings

2010-09-08T16:15:05Z

If done correctly, buying foreclosures is a great way to invest in real estate. You don't have to dig deeper into your pockets just to pay for a foreclosed home since such a property is being sold at an affordable price. And with lots of foreclosed houses in the real estate market today, you don't have to waste a lot of time finding the property that will bring tens of thousands of dollars.

While the abundance of foreclosed homes can be an advantage for many real estate investors, it c...

Is a Double-Dip Recession Written Between the Lines of Housing Reports?

2010-10-25T12:28:23Z

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Right of Redemption Laws in the State of Florida

2010-10-25T11:42:45Z

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Florida Housing Grants

2010-10-25T11:41:46Z

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Foreclosure rates up by smallest amount in 4 years

2010-06-16T11:09:14Z

Foreclosures rise 6 percent in February, smallest yearly increase in 4 years

The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.

RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from a year ago, the smallest annual increase in four years. On the...

Foreclosure Process Steps in Florida

2010-10-25T09:31:15Z

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Report: Fewer people falling behind on home loans

2010-06-15T09:06:52Z

&lt;div id="subtitle"&gt;New mortgage delinquencies fell at end of 2009 as foreclosure crisis begins to ebb&lt;/div&gt;&lt;div&gt;&lt;p&gt;The end of the foreclosure crisis is finally in sight. For the first time in almost three years, the number of homeowners falling behind on their loans is declining.&lt;/p&gt;&lt;p&gt;The drop means the number of people losing their homes will start to fall. But so...

Justices adopt Fla. foreclosure mediation rules

2010-06-15T09:07:13Z

Supreme Court requires mediation to help cope with flood of Florida foreclosure cases

Lenders will be required to pick up the tab for investigating and verifying ownership and then try mediation before foreclosing Florida home mortgages under new rules approved Thursday by the Florida Supreme Court.

The rules are designed to help Florida's ...

U.S. 2009 foreclosures shatter record despite aid

2010-06-16T11:26:05Z

NEW YORK (Reuters) - U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.

A record 2.8 million properties with a mortgage got a foreclosure notice last yea...

Record year for foreclosures as unemployment rises

2010-06-16T11:26:08Z

A record 2.8 million home receive foreclosure notice in 2009; December rate spikes

A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.

The number of households that received a foreclosure-related notice rose 21 percent from 2008, RealtyTrac Inc. repo...

Florida county puts foreclosure sales online

2010-06-15T09:10:30Z

MIAMI (Reuters) - Florida's Miami-Dade County will start using the Internet next month in a bid to help auction off tens of thousands of delinquent properties that have put it on the frontlines of the U.S. foreclosure crisis.

The first auction on the website, www.mi...

Borrowers with modified loans falling into trouble

2010-06-15T09:11:50Z

Report says homeowners whose loan payments are cut by 20 percent or more still falling behind

One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year.

When borrowers get into financial trouble, lenders have several ways to help. They can offer grace periods, longer repayment schedules, lower interest rates or reduced balances.

But ne...

Foreclosure backlog estimated at 1.7M

2010-06-15T09:12:13Z

Backlog of foreclosures estimated at 1.7 million, likely to hold back home prices, report says

About 1.7 million homeowners were on the verge of foreclosure in the fall, a looming "shadow inventory" of homes that will be put up for sale in the coming years and weigh down prices, a report said Thursday.

The number, up from 1.1 million a year earlier, is likely to keep rising through the middle of next year or later, said Foreclosure crisis weighs on economy as more people with good credit risk losing homes

The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery.

The latest evidence was a report Thursday that a rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure. That's a shift from l...

Cytec shares fall; Goldman cites industry troubles

2010-06-15T09:18:12Z

Cytec falls; Goldman recommends selling on 'bleak' industry outlook; uncertain Europe economy

California's ongoing fiscal crisis has attracted national attention, but a study warns that nine other states are barreling toward similar economic disaster.

A report released Wednesday by the Pew...

Foreclosures mark pace of enduring U.S. housing crisis

2010-06-15T09:24:52Z

MIAMI (Reuters) - Every 13 seconds in America, there is another foreclosure filing.

That's the rhythm of a crisis that threatens to choke off hopes for a recovery in the U.S. housing market as it destroys hundreds of billions of dollars in property values a year.

There are more than 6,600 home foreclosure filings...

Mortgage Crisis Could Hit Wealthy Areas Next

2010-10-22T07:47:06Z

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Mortgage delinquencies hit record high in Q2

2010-06-15T09:31:09Z

Delinquencies and foreclosures set record in 2nd quarter, as more homeowners lose their jobs

With the recession throwing thousands of people out of work daily, more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure.

The record-high numbers released Thursday by the Mortgage Bankers Association are being driven...

Go-to guy on foreclosure cleanouts sees it all

2010-06-15T09:33:03Z

Nick Hazel, Florida's go-to guy on foreclosure 'trash outs' has seen it all

393 Ed Douglas Road was a hot potato now, not a home — just another ghost property in the resale pipeline with curtainless windows, a yard populated by fire ants and weeds, and the telltale flier taped to the front door: "U.S. Government Property."

Nick Hazel shoved a key in the lock.

"Don't look now, but we got company." ...

Unemployment spreads distress in U.S. home loans

2010-06-15T09:34:29Z

NEW YORK (Reuters) - Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread,

RealtyTrac: Q2 Foreclosure Activity Highest on Record

2010-10-22T07:18:09Z

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Mega Jumbo Loan Default Rates Rising in Florida

2010-10-22T07:18:05Z

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Delinquent Mortgages Are Soaring; Foreclosures Aren't

2010-10-22T07:17:11Z

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What's Receding in The Recession?

2010-10-08T15:27:45Z

Nationwide almost 804,000 homes received foreclosure-related notices from January to March 2009. That?s up from about 650,000 for the same period last year. According to a report by Realty Trac Inc covering the first quarter of 2009, the 26 cities with the highest foreclosure rates are in 4 states ? California, Florida, Arizona and Nevada. Although Las Vegas, Nevada; Merced, California; and the Cape Coral-Fort Meyers area in Florida topped the foreclosure list, Boise City, Idaho was 27th and ...

Foreclosures fall 6 percent in May from April

2010-06-15T09:41:59Z

RealtyTrac: May foreclosures down 6 percent from April; smallest annual gain since mid-2006

The number of U.S. households on the verge of losing their homes dipped in May from April, and the annual increase was the smallest in three years.

But as layoffs, rather than risky mortgages, become the main reason that borrowers default on their ho...

The Housing Hurricane Will Howl Again

2010-10-26T20:40:40Z

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Borrowers with good credit fuel foreclosures in 1Q

2010-06-15T09:43:40Z

Cream of the crop home loans take center stage in foreclosure crisis as recession deepens

The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as job losses and pay cuts exact their toll.

A record 12 percent of homeowners with a mortgage were behind on their payments in the first quarter, the Mortga...

How to Stop Foreclosures in Florida

2010-10-21T11:24:11Z

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U.S. foreclosures jump to record high

2010-06-15T09:46:25Z

NEW YORK (Reuters) - U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said on Wednesday.

One in every 374 households with mortgages got a foreclosure filing in April, the highe...

RealtyTrac: April foreclosures rise 32 percent

2010-06-15T09:46:26Z

April foreclosures rise 32 percent, with more bank reposessions likely to come

The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the...

U.S. foreclosure filings sets record in April, seen jumping

2010-06-15T09:46:32Z

One in every 374 households with mortgages got a foreclosure filing in April, the highe...

Worst foreclosure rates found in 4 states

2010-06-16T10:27:25Z

Report finds Calif, Fla., Ariz. Nevada have 26 cities with worst foreclosure rates

The 26 U.S. cities with the worst foreclosure problems are concentrated in four states — California, Florida, Arizona and Nevada,...

One in Every 22 Homes in Las Vegas Hit with Foreclosure Filings in First Quarter

2010-10-23T23:10:32Z

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Get Ready to Buy a Home

2010-10-21T09:30:12Z

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Fla. Realtor uses boat to display foreclosed homes

2010-06-16T10:45:30Z

In a top foreclosure spot, Florida Realtor takes to the sea to show off bargains

Here at the epicenter of the nation's housing crisis, an ebullient Marc Joseph bounces off a pontoon boat onto a dock behind a lovely waterfront home — it was recently vacated when its former inhabitants couldn't pay the mortgage.

"The tiki hut comes with the house, guys!" the slim 41-year-old real estate agent says...

Pre Foreclosure Investing - Rising Foreclosure Rates are a Great Opportunity

2010-10-05T16:45:15Z

The current mortgage rate credit crisis is a golden opportunity for real estate investors to turn a quick profit, provided they're looking in the right areas of the country. Rising foreclosure rates are quickly becoming a problem for banks and communities across the country.

The President, Congress and the Federal Reserve working to make an amicable rate freeze on Adjustable Rate Mortgages to slow the problem. Yet, even with this effort a total of 437,498 foreclosures were filed in...

Deal or No Deal? Five Things You Need to Know Purchasing a Foreclosure Home

2010-10-13T16:02:21Z

As we anniversary two years of home values decreasing it is any one person's best guest as to when the real estate "bubble" will be completely empty and out of air. I can tell you that with the decrease in home values and recession economy, if there was ever a time to get in on a great real estate deal, the time is right now. Homes that ended up in some type of foreclosure were up 79% in 2007 over the previous year (Associated Press, January 29, 2008). In 2008 foreclosures continue to rise at...

Foreclosures up 30 percent in February

2010-06-16T10:45:25Z

US foreclosures rise in Feb. from month earlier and remain 30 percent above last year's levels

Despite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 percent in February from last year's levels, RealtyTrac reported Thursday.

Nationwide, nearly 291,000 homes received at least one foreclosure-related notice last month, up 6 per...

February's Top 10 Foreclosure States

2010-10-21T09:54:05Z

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American dream shattered for Florida retirees

2010-06-16T10:47:20Z

Hiding away in a tranquil sun-kissed corner of Florida -- the dream of many retired Americans -- has become a nightmare for some amid the global economic downturn.

The threat of a foreclosure notice being served for unpaid dues and the ensuing homelessness has become a real prospect for thousands.

In the Miami area foreclosures have more than doubled last year. Some 26,691 families lost th...

Obit Ponder

2011-01-01T16:30:36Z

In this Sept. 3, 2010 photo, Onie Ponder, left, laughs with her nephew Dick Chazal during her 112th birthday party at Emeritus at Ocala East in Ocala, Fla. Onie Ponder died early Friday, Dec. 31, 2010. According to the Gerontology Research Group, Ponder had been the oldest person in Florida and one of the 25 oldest people in t...

Outback Bowl Football

2011-01-01T14:31:43Z

Penn State head coach Joe Paterno walks onto the field before the start of the Outback Bowl NCAA college football game against Florid...

APTOPIX Outback Bowl Football

2011-01-01T14:31:42Z

Penn State's Michael Zordich (9) dives under Florida linebacker Jelani Jenkins (43) to score on a second quarter, one-yard touchdown run during the Outback Bowl Belle Glade, Fla. As 2010 comes to a close, fruit and vegetable farmers around the Sunshine State are assessing the damage of December's unseasonably cold temperatures. Many crops suffered major losses. According to the Presidente Hotel in Hialeah, Fla., where five young men were found dead Monday, is seen Tuesday Dec. 28, 2010. The teens were attending a birthday party where it appears that a vehicle was left running in a garage under their hotel room. Investigators said Tuesday that the men likely died from carbon monoxide. (AP Photo/Jeffrey M. Boan)

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Jacksonville, Florida, real estate guide

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Foreclosure and Free Rent

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Bad economy presents wonderful opportunities

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