February 11, 2010·
Citi Mortgage To Let Troubled Homeowners Stay for 6 Months
By : The Associated Press
Feb 11, 2010
Citigroup Inc. plans to let homeowners on the verge of foreclosure stay in their homes for six months — if they turn over the deed to their property.
[caption id="attachment_901" align="alignright" width="300" caption="Citi Mortgage launches groundbreaking ...
February 11, 2010·
Florida Supreme Court Adopts Foreclosure Mediation Rules
From : the Associated Press, Feb 11, 2010
[caption id="attachment_908" align="alignright" width="300" caption="Florida Supreme Courts adopts ruling to force lenders into mediation in effort to reduce future foreclosures"][/caption]
Lenders will ...
February 10, 2010·
Options you can take to help you avoid foreclosure
Foreclosure has been one of the foremost topics within the real estate world in recent years, as each year more and more Americans are suffering from the inevitable prospect of an imminent foreclosure.
Even with more than 20% of all U.S. homeowners being ...
February 10, 2010·
[caption id="attachment_911" align="alignright" width="300" caption="Growing number of American homeowners owe more on their home than it is worth"][/caption]
Shocking statistic: 20% of all U.S. Homeowners are Underwater
Information was released today which shows that nearly 1/5th of all homeowners in the United ...
February 8, 2010·
The advantages of Short Sales for those in desperate financial situations
Each year an increasing amount of homeowners are facing financial problems due to an unstable economic climate and sometimes new mortgages payments are just too high for homeowners to pay, so they’re looking for new alternatives to try and avoid ...
January 27, 2010·
Why is a foreclosure defense lawyer so important?
Joe Sloboda, The Burgess Law Firm
In today’s economic climate, more and more people are finding themselves in deep financial trouble. In 2009, there were an unbelievable 3 million+ foreclosures nationwide. If you are suffering from money troubles and you’re faced with a potential ...
January 27, 2010·
Falling behind on your FHA mortgage? Help may be on the way
by : Joe Sloboda, Burgess Law Firm
Across America millions of homeowners are trying to get their mortgages modified, many times these people are told that they need to "fall behind" or to be late on their payments before their ...
January 14, 2010·
Almost 3 Million Homeowners Recieve Foreclosure Notices in 2009
Joe Sloboda, Burgess Law Firm
The amount of homeowners in the United States who received foreclosure notices in 2009 is staggering and reached a record ...
January 8, 2010·
by John Gittelsohn and Prashant Gopal, Bloomberg News
Efforts by U.S. banks to help distressed homeowners have focused mainly on temporary fixes such as interest-rate reductions that may only put off the day of reckoning, despite policy makers ...
January 5, 2010·
Foreclosure starting to take toll on prime borrowers
by Kathleen M. Howley and Mike Dorning; Bloomberg News
Jan. 4 (Bloomberg) -- Homeowners with the best credit are the next big risk for the U.S. housing market.
An increase in mortgage defaults among prime borrowers in 2009 is likely to ...
December 31, 2009·
3 reasons home prices are heading lower
By Les Christie, staff writerDecember 31, 2009: 6:36 AM ET
NEW YORK (CNNMoney.com) -- After four months of gains, home prices flattened in October. Worse yet, industry insiders think that they'll soon start to fall.
Prices have risen more than 3% since May, according ...
December 31, 2009·
Home Equity Loans are just not so easy for homeowners anymore
Originally Published by Adrain Sainz of the Associated Press
Hocking the house for quick cash is a lot harder than it used to be, and it’s causing headaches for homeowners, banks and the economy.
During the housing ...
December 22, 2009·
The following article that was posted earlier in this month on cnnmoney.com speaks to the fact that in the month of November there was a decrease in foreclosure filings nationwide. This does not necessarily hold true to South Florida. And the questions still persists if this is a temporary lull ...
December 21, 2009·
The following is a recent story that was published in the Fort Lauderdale Sun-Sentinel which talks about the recent studies that were released in a recent Government study which state that upwards of 40% of homeowners who recently had their mortgage payments cut by 20% or more found themselves back into ...
December 21, 2009·
In a sign that the tide may be turning in the Commercial Real Estate markets a recent article posted last Friday in the Daily Business Review talks about 2 purchase transactions that occured recently in the local South Florida markets. We will continue to monitor the local news wires and ...
December 21, 2009·
In a sign of the times, major banks like Citi are offering to "postpone" foreclosure filings for 30 days during the holiday season. But not so fast, don't get too excited. As we have come to always find out you need to read the fine print. What Citi is actually ...
December 18, 2009·
This is an article that was originally published Bloomberg that shows how the epidemic of Short Sales and Foreclosures is not only a problem for low to middle class families. The problem is now running rampant with Upper Income Homeowners too. In South Florida alone the percentage of "Luxury Homes" is ...
December 18, 2009·
This is a re-post from an article that appeared in a monthly newsletter for the Arizona Area of Realtors earlier this year. What is so good about this article is that it clearly lists some very specific questions that every home owner should be asking when they are considering the decision ...
December 17, 2009·
Fortune magazine says South Florida home prices could drop another 30% in 2010
In a recent article released in their December 2009 issue, Forbes Magazine and Economy.com both say that home prices in South Florida (especially Palm Beach and Broward Counties) could drop by as much as 30% from current values ...
November 30, 2009·
This article, originally published on CNN Money gives excellent insight on how and why so many homes in the US are currently "under water" with regard to the value vs the amount owed to the mortgage lender. Personally I believe that there is a direct relation between certain areas of ...
November 23, 2009·
Foreclosure Defense Article:
How does one know when to contact a foreclosure defense attorney?
You know your job is coming to an end. They’ve already announced the layoffs. You only have one month left to get another job, or go on unemployment. If you do take unemployment how much would the monthly ...
November 5, 2009·
November 5, 2009
Daily Business Review
Authored by : Vanessa Blum
The Florida Supreme Court was asked Wednesday to adopt statewide mandatory mediation for residential foreclosures to help judges manage the flood of filings clogging courthouses.
The high court heard arguments on a task force report recommending mandatory mediation as part of a ...
October 15, 2009·
The recession has hit the state of Florida hard. Currently the sunshine state ranks second from the top for foreclosure filings. The other states hit hard with foreclosures are: California, Michigan, Arizona and Nevada.
For the best foreclosure defense in Weston give Burgess Law firm ...
August 31, 2009·
South Florida Sun-Sentinel.com
More than 16,100 mortgage modification complaints filed in past six months
Mortgage modifiers must be licensed under new Florida law
State regulators cracking down, with 83 active investigations
Originally published By Diane C. Lade
South Florida Sun Sentinel
6:38 PM EDT, August 26, 2009
Hundreds of people calling themselves "foreclosure rescue specialists," promising to ...
July 8, 2009·
Obama mortgage plan needs work
Many borrowers are not getting help under president's modification or refinancing plan. Officials don't expect problems to be fixed until the fall.
By Tami Luhby, CNNMoney.com senior writer
Last Updated: July 8, 2009: 8:10 AM ET
NEW YORK (CNNMoney.com) -- Mr. President, help us get one of your mortgage ...
June 5, 2009·
Mortgage rates have been rising steadily over the last few weeks and if ever there was a time to "lock in" your rate then that it is NOW.
With current CPI, PPI and Unemployment reports being surprising optimistic and the belief on Wall ...
June 2, 2009·
Pending home sales rebounding
Number of signed sales contracts continues bounce off record lows for third consecutive month.
By Les Christie CNNMoney.com staff writer
Last Updated: June 2, 2009: 10:05 AM ET
NEW YORK (CNNMoney.com) -- The number of home sales contracts signed in April continued to bouce back ...
May 29, 2009·
Troubled mortgages hit record high
More than 616,000 homeowners were hit with foreclosure actions in the first 3 months of the year, the Mortgage Bankers Association reports.
By Les Christie, CNNMoney.com staff writer
Last Updated: May 28, 2009: 12:30 PM ET
NEW YORK (CNNMoney.com) -- Despite all the hand-wringing ...
May 20, 2009·
Renewed HOPE for Homeowners
Congress passed a bill amending HOPE for Homeowners that may make the program more useful.
By Les Christie, CNNMoney.com staff writer
Last Updated: May 20, 2009: 5:06 PM ET
NEW YORK (CNNMoney.com) -- One of the biggest disappointments of the foreclosure prevention fight has been ...
May 15, 2009·
May 14, 2009
Slow Start to U.S. Plan for Modifying Mortgages
By TARA SIEGEL BERNARD
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 ...
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 ...
May 12, 2009·
Home prices slide 14%
National median home price falls a record 13.8% in first quarter of 2009, primarily because the market is flooded with lower-priced foreclosures and short sales.
By Les Christie, CNNMoney.com staff writer
Last Updated: May 12, 2009: 10:05 AM ET
NEW YORK (CNNMoney.com) -- The steep ...
May 6, 2009·
Wed May 6, 2009 2:37am EDT
NEW YORK, May 6 (Reuters) - Home values in the United States extended their fall in the first quarter, with more than one in five homeowners now owing more on their mortgages than their homes are worth, real estate website Zillow.com said on Wednesday.
U.S. ...
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 ...
May 4, 2009·
Pending home sales jump 3.2%
Buyers defy expectations with an increase in sales contracts signed during March.
By Les Christie, CNNMoney.com staff writer
Last Updated: May 4, 2009: 1:59 PM ET
NEW YORK (CNNMoney.com) -- Is the housing meltdown ending?
Pending home sales rose in March for the second consecutive ...
May 1, 2009·
Foreclosure filings in record jump
Hope Now reports a 20% increase in initial foreclosure filings during March. But there was a steep drop in bank repossessions.
By Les Christie, CNNMoney.com staff writer
Last Updated: April 30, 2009: 11:31 AM ET
NEW YORK (CNNMoney.com) -- Lenders continued to rewrite troubled ...
April 30, 2009·
No bankruptcy help for homeowners
Measure to modify delinquent loans in bankruptcy court fails in Senate. Obama administration loses big stick to prod loan servicers to aid troubled borrowers.
By Tami Luhby, CNNMoney.com senior writer
April 30, 2009: 3:55 PM ET
NEW YORK (CNNMoney.com) -- The Obama ...
April 29, 2009·
Premiums could rise
Florida Senate passes insurance bill
Bill aims to reduce homeowner storm risk
By Julie Patel
South Florida Sun Sentinel
8:53 PM EDT, April 28, 2009
The Florida Senate passed a broad property insurance bill Tuesday that is expected to boost most statewide home and condominium insurance rates and reduce Floridians' risk of paying ...
April 29, 2009·
U.S. to pay off mortgage investors
Treasury Department announces new mortgage incentives for lenders, which will reduce monthly payments for millions of borrowers.
Last Updated: April 28, 2009: 11:02 AM ET
WASHINGTON (Reuters) -- The U.S. Treasury Department will Tuesday tap a $50 billion housing rescue fund to pay ...
April 29, 2009·
Obama expands foreclosure fix
Two steps: Second liens now covered by modification program; servicers must offer eligible borrowers principal reduction under Hope for Homeowners.
By Tami Luhby, CNNMoney.com senior writer
Last Updated: April 28, 2009: 4:16 PM ET
NEW YORK (CNNMoney.com) -- The Obama administration said Tuesday ...
April 16, 2009·
Home foreclosures: Broward numbers still rising; Palm Beach County dips
April 16, 2009
The number of Broward County...
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 ...
April 16, 2009·
Obama launches mortgage rescue plan
First participants in the Treasury Department's program to help homeowners avoid foreclosure include some of the nation's largest banks.
By Tami Luhby, CNNMoney.com senior writer
Last Updated: April 15, 2009: 8:10 PM ET
NEW YORK (CNNMoney.com) -- The Obama administration's loan modification program is ...
April 9, 2009·
Mortgage help: Do you qualify?
President Obama's new real estate rescue plan offers two key possible benefits: More refinancing opportunities and greater chance for a loan modification.
By Les Christie, CNNMoney.com staff writer
Last Updated: February 19, 2009: 11:57 AM ET
NEW YORK (CNNMoney.com) -- The eagerly anticipated foreclosure ...
April 7, 2009·
Tips on protecting yourself from illicit mortgage-relief firms
April 7, 2009
Buyer, Beware
Protecting yourself from illicit foreclosure-rescue firms:
Beware of companies calling themselves "mortgage consultants," or "foreclosure services" promising to save your credit or pay closing costs.
Don't ignore mail from your lender; stay in touch even after a foreclosure notice ...
April 7, 2009·
Frank seeks strict mortgage rules
House Financial Services Committee chairman Barney Frank plans to unveil a bill to more tightly regulate the way loans are sold to investors....
