In Florida, one in every 1571 real property is in some stage of foreclosure, compared to 1 in every 2453 for the United States at large. Miami-Dade County is at 1 in every 1692.
The Sun Sentinel reports that beginning 9:00 a.m. tomorrow “underwater borrowers who missed out last year on a state program that reduces mortgage balances will get another chance.” The Florida Hardest-Hit Fund Principal Reduction Program will again be accepting applications online: PrincipalReductionFLHHF.org From the Sun Sentinel article: The Florida Housing Finance Corp. launched the program […]
On Friday, the State of Florida announced that it will be using $350 million in federal funding to help reduce outstanding principal for underwater borrowers. What makes this program diff erent from others is that only those who are current on their mortgages (have not been more than 60 days late within the past 24 […]
Fannie Mae has issued a press release annoucing that “it will suspend evictions of foreclosed single family and 2-4 unit properties from December 19, 2012 through January 2, 2013. Legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be allowed to remain in the home during this period.” Terry […]
In February of this year, after being investigated by the federal government and 49 state attorneys general, the “big five” largest mortgage servicers agreed to a $25 billion settlement. If you lost your home to foreclosure between January 1, 2008 and December 31 2011, and your loan was serviced by one of the following companies: […]
After I was able to get past all of the Anthony Weiner headlines this week, I saw three about current economic conditions in South Florida. Individually I might have ignored them – but three in one week caught my eye: 1. Florida unemployment claims down “Florida is one of nine states that saw initial unemployment claims drop by […]