By Kevin Chiu As the foreclosure crisis hits its peak, counties across the country are flooded with default filings. Many can’t keep up with the record volume as county recorder offices drown in the massive onslaught. Especially hard hit counties are taking foreclosure sales off the courthouse steps, outsourcing them to auction services online. Some… Continue reading Flooded Counties Outsource Foreclosure Sales
Category: Florida
Florida housing market
New Law Forces Banks to Pay Up
By Kevin Chiu A new law that forces banks to pay up delinquent homeowner association fees, could signal the beginning of a national movement. The new state law, known as the Distressed Community Association Relief Act was signed by Florida Governor (R) Charlie Christ and is intended to help condo and homeowner associations that are… Continue reading New Law Forces Banks to Pay Up
BP Oil Spill May Miss Florida Panhandle
Destin, Florida — While thick oil piles up in the marshes along the Louisiana coastline from the BP oil spill, beaches along the Florida panhandle remain clear of the sledge with the exception of a few tar balls floating ashore in spotty areas. Growing indications show that the massive oil slick may miss the Florida… Continue reading BP Oil Spill May Miss Florida Panhandle
BP Oil Spill Strikes Florida with Snow Ball Effect
By Mike Colpitts Wallowing in pain from the financial crisis, its real estate markets bruised and battered Florida’s panhandle beaches are being struck by the gushing oil spill from the Louisiana BP oil well. Call it “the Snow Ball Effect” of this mighty economic, environmental and real estate catastrophe. It’s a snow ball of extremes,… Continue reading BP Oil Spill Strikes Florida with Snow Ball Effect
White House Considers Free Money
By Mike Colpitts Weighing its political options, the Obama administration is carefully considering recommendations of Housing Finance Agencies in four states to reduce mortgage principal of homeowners at risk of foreclosure. The proposals made to the White House could act as a magic bullet to aid in the recovery of the nation’s housing markets, giving… Continue reading White House Considers Free Money
Foreclosures Keep Pace
For fifty consecutive months foreclosure notices filed against U.S. homes have risen on a year over year basis, according to the latest Realty Trac monthly report. Notices of foreclosure activity were filed against 308,524 properties in February. Foreclosure auctions, including notices of Trustee’s Sales and Notices of Sheriff’s Sales, the last steps in the foreclosure… Continue reading Foreclosures Keep Pace