Lenders may become more willing to cut deals with homeowners. Palm Coast, FL – January 11, 2011 – A ruling against two lenders in Massachusetts on Friday sends a warning to the industry: Before foreclosing on what is for many Americans their most valuable asset — their home — lenders must have proof they have […]
Unlike her predecessor, newly sworn Attorney General Pam Bondi raises the visibility of Florida’s mortgage foreclosure crisis. Let’s hope she follows through with affirmative action. Palm Coast, FL – January 10, 2011 – Florida’s newly sworn Attorney General Pam Bondi released a highly critical presentation detailing legal issues surrounding the crisis. The presentation indicates a […]
”This is likely to open the floodgates to more suits in Massachusetts and strengthens cases in other states.” Palm Coast, FL – January 9, 2011 U.S. Bancorp and Wells Fargo & Co., in a ruling that drove down bank stocks, lost a foreclosure case before Massachusetts’s highest court that will guide lower courts in that […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – January 8, 2011 – The National Association of Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how […]
Some markets such as Cleveland and Stockton, CA a recovery could be many years out as populations are moving out faster than the homes they vacate can either be resold or even destroyed. Palm Coast, FL – January 7, 2011 By: Jon Prior In Detroit, bulldozers crumple vacant homes left behind during foreclosure by the […]
Many Americans are content to rent after witnessing the crumbling housing market in recent years. But with rents on the rise and home prices continuing to fall, a reversal is in sight. Palm Coast, FL – January 7, 2011 – It wasn’t hard for many homeowners to bid adieu to 2010. It was the year […]
Suspicious activity reports (SARs) indicating possible mortgage loan fraud (MLF) increased 2 percent to 16,693 in the third quarter of 2010 up from 16,339 MLF SARs in the 2009 third quarter. Palm Coast, FL – January 6, 2011 – VIENNA, Va. (SOURCE: FINCEN) – The Financial Crimes Enforcement Network (FinCEN) today released its third quarter […]
‘WaysHome’ was created to educate homeowners about their options to avoid foreclosure and encourage them to get help. It’s a fairyland view of a broken system. Palm Coast, FL – January 6, 2011 – Fannie Mae introduced an innovative interactive video for homeowners facing financial pressures and possible foreclosure. It will help them understand their […]
The current ordinance is not legally defensible. If the city doesn’t fix it soon, they may face a court challenge. If the ordinance is found to be invalid, the city may have to refund $ millions. Palm Coast, FL – January 4, 2011 – The City of Palm Coast has accomplished much in its short […]
Quail West Foundation and Austin Outdoor named as defendants as Dillworth uncovers more alleged financial hanky-panky by Ginn and Lubert-Adler over Tesoro and Quail West bankruptcies. This story was originally posted January 2, 2010. A technical problem brought the server down late in the day. January 2 postings and reader comments could not be restored. […]