Florida borrowers will receive an estimated $7.6 billion in benefits from loan modifications, including principal reduction, and other direct relief. Palm Coast, FL – February 10, 2012 – Attorney General Bondi formally entered a landmark $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing […]
49 states won’t pursue civil charges. Homeowners can still sue lenders in civil court on their own, and federal and state authorities can pursue criminal charges. Palm Coast, FL – February 9, 2012 Federal officials announced a $25 billion settlement Thursday with the five largest mortgage lenders over foreclosure abuses — a deal that requires […]
Real estate agents will now submit offers online on behalf of clients, receive receipt confirmation and track the status of submitted offers through the HomePath.com website. Palm Coast, FL – February 8, 2012 – Yesterday, Fannie Mae announced the expansion of its Online Offers system to collect and manage real estate purchase offers for Fannie […]
A majority of respondents expect home prices to rise by at least 1% on average over the course of the next 12 months. Palm Coast, FL – February 8, 2012 A majority of Americans believe mortgage rates will remain steady over the next year, while home price expectations in January improved for the fourth consecutive […]
A condo owner under foreclosure and association liens ”sells” the garage assigned to his/her unit. Is that OK? Probably not. Palm Coast, FL – February 5, 2012 – Foreclosed property owners sometimes resort to desperate measures. Strapped for cash, they have been known to strip their property of anything of value; appliances, lighting and plumbing […]
”Duck-billed platypuses of the financial world” — strange institutions with the perceived safety of a government guarantee and the high-risk strategies of a private corporation. Palm Coast, FL – February 3, 2012 – Earlier this week, ProPublica and NPR detailed how Freddie Mac placed bets against homeowners that paid off if borrowers were unable to […]
Flagler-based bank opening its first expansion outside of Flagler County. Palm Coast, FL – February 2, 2012 – Intracoastal Bank today announced the opening of its Daytona Beach Lending Center. This location marks the Bank’s first expansion outside of Flagler County. “We are very pleased to open our first location in Volusia County, and under […]
Ninety-one properties scheduled for foreclosure sale this month. Palm Cost, FL – February 1, 2012 – Ninety-one Flagler County properties are currently scheduled to be sold at foreclosure auction during February. The foreclosure process takes time. The foreclosure was initiated on one of the scheduled properties in 2006. Of the remainder, 4.4 percent were initiated in 2007, […]
Even the Mortgage Bankers Association itself, in a flourish of irony, arranged for a short sale of its Washington headquarters. Palm Coast, FL – January 31, 2012 (Reuters) – It was just last summer that Charlotte Perkins made the hardest decision of her life as she and her husband Jim were caught in the vise […]
A quartly report from the National Association of Realtors® Research. Palm Coast, FL – January 27, 2012 – The Research group of the National Association of Realors® introduces the Comercial Real Estate Market Survey. It measures activity in the commercial real estate markets. The survey collects data from commercial REALTORS® and is designed to provide […]