February 11, 2010·
Florida Supreme Court Adopts Foreclosure Mediation Rules
From : the Associated Press, Feb 11, 2010
Lenders will be required to pick up the tab for investigating and verifying ownership before foreclosing Florida home mortgages under new mediation rules.
The Florida Supreme Court adopted the rules Thursday in an effort to help the state’s judicial system better cope with a flood of such cases.
Florida Supreme Courts adopts ruling to force lenders into mediation in effort to reduce future foreclosures Read more...
Florida Supreme Court Adopts Foreclosure Mediation Rules
May 15, 2009·
May 14, 2009
Slow Start to U.S. Plan for Modifying Mortgages
The Obama administration’s plan to help millions of troubled homeowners avoid foreclosure by reducing the size of their mortgage payments is just getting off the ground.
So far, two months after the program went into effect, about 55,000 homeowners have been extended loan modification offers, according to a senior administration official. At the same time, foreclosures continue apace. RealtyTrac reported Wednesday that foreclosure filings reached 342,000 last month, up 32 percent from April 2008. Moody’s has estimated that more than 2.1 million homeowners will lose their homes this year. Read more...
Slow Start to U.S. Plan for Modifying Mortgages
May 13, 2009·
Foreclosures: ‘April was a shocker’
A record number of foreclosure filings took place during April, but the number of repossessions fell 11%.
By Les Christie, CNNMoney.com staff writer
Last Updated: May 13, 2009: 8:04 AM ET
NEW YORK (CNNMoney.com) — Foreclosures in April exceeded even March’s blistering pace with a record 342,000 homes receiving notices of default, auction notices or undergoing bank repossessions, according to a regular industry report.
One of every 374 U.S. homes received a filing during the month, the highest monthly rate that RealtyTrac, an online marketer of foreclosed properties, has recorded in four-plus years of record keeping. Read more...
Foreclosures: ‘April was a shocker’
May 5, 2009·
5 tips on buying a foreclosed home
Sure, there are great real estate deals to be had, if you know what you’re doing.
By
Amanda Gengler, Money magazine writer
May 1, 2009: 6:17 AM ET
(Money Magazine) — 1. Finding one has become easier
You don’t need to show up at courthouse auctions or comb through legal filings. These days many banks sell foreclosed homes through real estate agents.
To find listings, look on sites that specialize in foreclosed properties, such as realtytrac.com and foreclosurepoint.com. The local multiple-listing service often has selections as well. (The fact that the home is in foreclosure is not always highlighted in the MLS, but it’s often mentioned in the description.) Read more...
5 tips on buying a foreclosed home
April 16, 2009·
US foreclosures up 24 percent in 1st quarter
Foreclosures up 24 percent in first quarter as temporary halts expire
- Alan Zibel, AP Real Estate Writer
- Thursday April 16, 2009, 6:20 am EDT
WASHINGTON (AP) — The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break, according to data released Thursday. Read more...
US foreclosures up 24 percent in 1st quarter
