Untitled Document
 

Foreclosures fall in first quarter as housing rebound continues

marketup

New foreclosure cases declined in South Florida during the first quarter, an indication that the tri-county region has “definitely, firmly” rebounded from the worst of the housing crisis, a new report shows. From January through March, 2,882 new cases were filed in Palm Beach, Broward and Miami-Dade counties, down 24 percent from a year earlier, […]

 

Increase in Subprime Auto Loan Defaults Is Harbinger of Bad Future

Auto Loan

Commentary by Charles M. Tatelbaum, Daily Business Review Dusty Holoubek March 15, 2016 In what is a very troubling sign for the nation’s economy, the default rate for subprime auto loans increased to 12.3 percent in January. This is a full percentage point increase over the prior month and an even greater increase over the […]

 

Rebound and Boomerang Buyers

Homeowner-2

Rebound Buyers also known as Boomerang Buyers are now becoming a very popular target market for mortgage lenders and mortgage brokers.  Rebound and Boomerang buyers are people who lost a home to foreclosure or sold an underwater property in a short sale, but who now may be ready to buy again. Part of the attractiveness of […]

 

A Slack Lifeline for Drowning Homeowners

Homeowner

By  GRETCHEN MORGENSON New York Time, After Lucy Circe became disabled and could no longer work, she applied to Bank of America for a mortgage loan modification on her Vermont home. Over more than two years, starting in 2012, the bank repeatedly requested copies of documents that had already been provided, asked for proof that she was no longer […]

 

Bad News for Property Owners?

Foreclosure-Down-Arrow-Article-201409151344

South Florida Courts Slash Through Foreclosure Backlog.   When it comes to foreclosure lawsuits, good news for the judiciary could spell havoc for property owners. In the wake of the 2008 housing crash that left South Florida one of the hardest hit regions in the country, courts soon realized how unprepared they were for the […]

 

Attorney points to award structure for rise in TCPA lawsuits

unnamed2-feb15 copy

By Jessica M. Karmasek WASHINGTON (Legal Newsline) – In the last few years, the number of Telephone Consumer Protection Act lawsuits has increased significantly, and one Washington, D.C., attorney contends it’s the award structure attached to it that attracts many would-be filers. Steve Augustino, a partner at Kelley Drye & Warren LLP, said the rise started […]

 

U.S. Market Had 39,000 Completed Foreclosures in December

unnamed2-feb15

Residential News » United States Edition | By WPJ Staff | February 10, 2015 8:23 AM ET According to CoreLogic’s December 2014 National Foreclosure Report, there were 39,000 completed foreclosures nationwide in December 2014, down from 46,000 in December 2013. This represents a year-over-year decrease of 13.7 percent and a decrease of 66 percent from […]

 

Tampa Bay led nation in completed foreclosures in 2014

unnamed feb15

Samuels Realty and Investments Wells Fargo totally remodeled this foreclosed home on Nevada Avenue NE in Shore Acres before putting it on the market at $239,000. A bidding war is predicted. Tampa Bay led all major U.S. metro areas in completed foreclosures last year as lenders took back nearly 18,400 homes, houses and condos — […]

 

Too Late to Foreclose?

Fclo2

Florida Mortgage Foreclosure Statute of Limitations posted on: Tuesday, December 30, 2014 As many lenders know, Florida has a five year statute of limitations for mortgage foreclosures. This requires that a foreclosure lawsuit be filed within that amount of time following the borrower’s default. But what happens if a foreclosure is filed and then dismissed? […]

 

Florida’s foreclosure crisis far from over

Fclo

Housing is still unaffordable Brena Swanson January 5, 2015 Florida remains one of the top states for foreclosures, despite the rest of the nation reporting a steady recovery. According to foreclosure lawyer Dillon Graham of Graham Legal, the future of real estate in Florida is not all positive. “While everyone is excited about the additional […]