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By Francys Vallecillo | World Property Channel | “The U.S. foreclosure inventory decreased 32 percent in July compared to last year, according to the latest numbers from CoreLogic. The inventory included approximately 949,000 homes in some stage of foreclosure. As of July, the foreclosure inventory represented 2.4 percent of all homes with a mortgage, compared toRead more

Mary Shanklin | Orlando Sentinel | “Florida led the nation last month with what one expert called an “astounding” rate of all-cash home sales: 66 percent, a new report shows. Investor groups, international buyers, landlords and those in the market for vacation homes are fueling a cash-only market that has virtually shut out entry-level homebuyers, who can’tRead more

Raju Chebium | Gannett Washington Bureau | “California’s hard-hit housing market has improved considerably since the crisis of 2008 but Congress should pass President Barack Obama’s latest proposals to keep that recovery on track, Housing Secretary Shaun Donovan said Monday. The White House released a raft of evidence touting California’s housing recovery due to policies adopted since ObamaRead more

Timothy Gibbons | Managing Editor- Jacksonville Business Journal | “Florida had nine of the top 10 cities with the highest foreclosure rates in the nation, a list led by Jacksonville, according to the Florida Legislature’s Office of Economic and Demographic Research. That’s the third month in a row, the Jacksonville News & Daily Record say, that the stateRead more

by NorthEscambia.com | “While Gov. Rick Scott travels the state touting job growth and an unemployment rate below the national average, a report released last week by state analysts points to some continuing economic problems such as a lack of income growth and persistent home foreclosures. Florida had a 1.5 percent decline in personal incomeRead more

ALEX FERRERAS | “The latest housing data from the Florida Association of Realtors has revealed that the Sunshine State’s housing market is now in recovery mode – despite the fact the state suffered massive foreclosure losses over the last 6 years. Florida is not only witnessing double-digit gains in statewide home sales, new listings, pending salesRead more

Jesse Hamilton | Bloomberg | “EverBank Financial Corp. (EVER) will make $37 million in cash payments to past mortgage borrowers to settle claims it improperly handled foreclosures, the Office of the Comptroller of the Currency said in a statement. With the agreement, EverBank joins 14 other loan servicers that struck similar deals with the OCC andRead more

THE ASSOCIATED PRESS | “A national report issued Thursday maintains that more than 120,000 Floridians have received billions in aid so far from five major banks. That same report — required as part of a landmark $25 billion settlement that grew out of an investigation of reported foreclosure abuses — shows that much of theRead more

William R. Levesque, Times Staff Writer | Scott and Jill Kelley’s posh home on Bayshore Boulevard in Tampa is in foreclosure. CAROLINA HIDALGO | Times “Attorneys had gathered in a conference room to question the Tampa socialite who had unwittingly triggered the scandal that ended the career of CIA director David Petraeus. Jill Kelley’s house isRead more

Brian Bandell | South Florida Business Journal | “O.J. Simpson didn’t fare as well in front of Miami-Dade Circuit Court Judge Gisela Cardonne Ely as he did before Judge Lance Ito, as the former judge sent his Kendall home to foreclosure auction. The football legend, currently in a Nevada prison after a robbery and kidnapping conviction, lost an $892,283 foreclosure judgmentRead more