Articles Archive for February 2012
Florida Foreclosure News »
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Florida lawmakers want to make it easier for banks to foreclose on abandoned properties as well as make lenders complete foreclosures faster.
Florida is one of the worst hit states with 360,000 foreclosure cases still winding through the courts. The average foreclosure takes about two years to process in Florida with many cases taking three or even four years.
The bill’s sponsor in the Florida House of Representatives, Kathleen C. Passidomo, stated, “We have a lot of …
South Florida Short Sales »
Will the Foreclosure Payouts Really Help Homeowners in south Florida?
$25 billion seems like a lot of money to go around but don’t think it is really going to help too many homeowners in south Florida.
A large chunk will go to 750,000 people who have already lost their homes- but they will get less than $2,000 each. A nice little present, but it’s not going to change anyone’s housing situation.
Another one million homeowners who are underwater are expected to get a principal reduction of around $20,000. Again, is that going to …
