Florida Foreclosure Help in Hollywood, south Florida short sales

Foreclosure Rate Continues to Decline
Foreclosure activity has fallen to its lowest level in over three-and-a-half years, according to RealtyTrac.
The number of foreclosure filings in July was 35% down on the same month last year.  212,764 properties received either a default notice, auction notice or was repossessed by the lender.
This means that for 10 months in a row foreclosure filings have been coming down.  Still, this is one out of every 611 housing units- just in that one month.
“It appears that the foreclosure processing delays, combined with the smorgasbord of national …

According to Reuters, many major mortgage lenders are are still taking short cuts in the paperwork they prepare and file in foreclosure cases!
When this problem surfaced last year, it led to a moratorium on foreclosures and the major foreclosure mill in south Florida dissolved as the banks were forced to stop using it.  It is hard to believe that banks are resorting to the same tactics again.
According to Reuters, there are at least six people who have each signed thousands of mortgage assignments in recent months.  Their job is to …

Oct 4, 2010
Household income in south Florida was at its lowest level in eat least three years, according to a U.S. Census report. From 2007 to 2009, the median income dropped by more than ten percent.
South Florida has been worse hit than the rest of the nation which has averaged a drop of 4.1 %.
In Broward County, median household income has dropped from $54,420 in 2007 to $48,844 in 2009.
The poverty rate for families with young children in Broward grew to 12.5 percent. While high, the rate for Florida grew …