So-called "shadow inventory" flooding the market.Even if you don't know what that is, you know it can't be good.And it isn't. In fact, a Florida real estate agent says that such inventory -- houses not currently in foreclosure, but marching steadily and even...
Well, here’s a business model that an overwhelming number of people across the country would view as unprincipled and even egregiously unethical: buy up old mortgage debt for a fraction of its face value and then go after debtors for what is still allegedly owed,...
The City of Miami has suffered in large ways since the advent of the Great Recession of recent years, and city officials think they can readily point a finger at one bad actor that has contributed materially to the city’s woes.In fact, Miami officials are doing...
Above ground or underwater. It is essentially one of those two realities for homeowners across the country, including in Florida. Sink or swim. Tread water or drown. Rise with the tide or get pulled downstream. Those images have been steadfastly depicted in the media...
The housing market in South Florida has been centrally marked over the past few years by drama and volatility, with the area consistently leading the nation in one category that no one terms as undesirable apart from, perhaps, house flippers: foreclosures. As noted in...
Florida was one of the states that were hit hardest by the housing crisis, with many residents suffering the loss of their home due to foreclosure. In the third quarter of 2013, the number of individuals 60 days or more behind on their mortgage payments dropped by a...
Here’s an instructive though disheartening tale about predatory tactics employed against homeowners, some of whom lose their houses despite having substantial equity in their properties or even owning them outright. The story comes from the District of Columbia,...
The new foreclosure law in Florida designed to make sure banks prove they own the mortgages they are foreclosing on has led to a delay in foreclosure proceedings in the state. In addition to the law making sure lenders don't wrongfully foreclose on a home, it also...
Constrained financial circumstances for many American families continue to result in hassles with lenders regarding debt across a wide spectrum of concerns. Credit card debt continues to be a struggle for millions of individuals and families across the country. As we...
Some people might think that severe debt-related problems resulting in fundamental and sometimes wrenching life changes are confined almost exclusively to people who live check to check.The many gripping tales about bankruptcy and
