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[29 Mar 2012 | No Comment | ]

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!POSTED BY ALEX FERRERAS ON MARCH 26, 2012 IN REAL ESTATE

TALLAHASSEE (Source: Dara Kam The Palm Beach Post, Fla. (MCT) — Florida’s foreclosure crisis has affected more than homeowners, real estate agents and banks. It has put the courts in a bind, and this year forced state legislators to reverse the way the third branch of government is funded, just three years after having changed it in 2009.
While changing how the court system gets its money, legislators spared …

Foreclosure News »

[17 Mar 2012 | No Comment | ]

Home Foreclosure Rates Jump in South Florida
In 2011 the number of foreclosures slowed. Now the banks are increasing their foreclosure activity.  The number of south Florida homes in some stage of foreclosure is up 53% from 12 months ago, to 3,563 homes in February.  Now, one out of every 264 homes in Florida  is in some stage of foreclosure.
For all of Florida, the increase in foreclosures is slightly less, at 40%.
So what is the forecast for 2012 for foreclosure  in south Florida?
Across the country, there have been 8.2 million homes …

Foreclosure News »

[23 Feb 2012 | No Comment | ]

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 property that needs to get back in the stream of commerce and borrowers who need …