Untitled Document
 

Hurricane Irma spared real estate market big damage, caused minor construction, closing delays

CRANE

Hurricane Irma’s effect on South Florida’s vibrant real estate market is not likely to be much more than the hassles of delayed home deliveries and closings, industry observers say. Twelve years ago, Hurricane Wilma swept across Broward, Palm Beach and Miami-Dade counties, causing major damage to roofs. Blue tarps became a common sight in many […]

 

Home Foreclosures Spike In October

forcosure

ATTOM Data Solutions’ Daren Blomquist notes that most of the foreclosure activity increases in states including Colorado and Georgia are more heavily tied to loans originated since 2009. IRVINE, CA—Single-family home foreclosures made a surprising 27% monthly jump in October, ATTOM Data Solutions said Thursday. The firm’s report for the month shows shows a total […]

 

Could Zika pose a problem for Florida’s tourism industry?

John Couwels/CNN

Disease has arrived in state visited by 106 million last year NEW YORK (CNNMoney) —Florida has detected its first cases of locally transmitted Zika, which could pose a threat to the state’s sensitive — and important — tourist industry. “We learned today that four people in our state likely have the Zika virus as a […]

 

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 […]