Blog

Kenneth Harney | U-T San Diego | “Why have many of the local housing markets that were hit hardest during the bust — especially in California — bounced back so vigorously and quickly, with prices close to or exceeding what they were in 2005 and 2006? And why have many others along the East CoastRead more

ASSOCIATED PRESS | “Two Florida cities lead the nation in foreclosures of high-end properties worth $5 million or more. The research firm RealtyTrac said in a report Wednesday that Miami and Orlando were at the top of the list of foreclosure activity on homes in the $5 million-plus range. Other cities with high numbers of foreclosureRead more

Pamela M. Prah | Stateline | “Some of the states hit hardest by the foreclosure crisis aren’t spending millions of dollars that the federal government has set aside to help struggling homeowners, a new report shows. Of $7.6 billion the federal government has provided in the “Hardest Hit Fund” to help homeowners, states have disbursedRead more

Roger Weeder | First Coast News | “Foreclosure courts are in full swing across the state, including Duval County, which has 2,700 cases that date back to before 2010. Six judges are handling the load, holding hearings four days a week and clearing out nearly 300 cases a week, according to the Clerk of Courts office. In GreenRead more

Francys Vallecillo | World Property Channel “The median price for Florida’s existing single-family homes sold in October was 16.6 percent higher than last year, marking the 23rd consecutive month of yearly price increases, according to Florida Realtors. The statewide median sales price for single-family homes reached $169,000 in October. The median price for townhomes/condos reachedRead more

Alyssa Gerace | Reverse Mortgage | “On Tuesday, Florida will reportedly announce a new program aimed reverse mortgage borrowers in the state who have defaulted on their loans after struggling to remain current on their taxes and insurance. The Florida Housing Finance Corporation is introducing the Elderly Mortgage Assistance Program as part of its $1 billion Hardest Hit Fund. It’sRead more

By DAILY MAIL REPORTER | “The Florida home of Casey Anthony’s parents where her daughter Caylee died in 2008 has gone into foreclosure. George and Cynthia Anthony are now facing eviction from their Mount Dora residence after NationStar Mortgage LLC filed foreclosure papers with the Orange County Register of Actions against the coupe last week. The valueRead more

By Josh Salman | Herald-Tribune | “Florida’s $1 billion program to help prevent foreclosures in the wake of the housing crisis continues to diversify. The Florida Housing Finance Corp. announced Tuesday it would earmark $25 million of its Hardest-Hit Fund to help elderly homeowners with reverse mortgages. The agency says the new program will help recession-battered FloridiansRead more

JUNE FLETCHER | Scripps Howard News Service | “Steven and Janet Sparker never planned to leave the house they purchased in 2006 in Golden Gate Estates in the southwest section of Florida. But when Janet, 57, lost her six-figure job, and the home’s value fell by more than half from the $585,000 they had paidRead more

Charles Billi | WTSP | “Thanks to new flood insurance legislation, the watch word in real estate is “panic.” Panic if you’re a real estate investor, agent, buyer or seller- thanks to skyrocketing premiums. We’ve seen the Pinellas County meetings in the past few weeks packed with frightened residents. Now, more concern arises at an informationRead more