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Foreclosures Archives

Florida tops nation in tax liens for sale; foreclosures a problem

There sometimes seems no end to the cast of shady characters who readily seek to prey off debtors facing extreme financial challenges. We have chronicled some of the individuals and companies that pitch redemption stories that simply aren’t true or peddle false hopes to people in desperate need in past select posts. They range from pure scam artists to pseudo-legitimate entities that help a few debtors while ripping others off.

Nothing new: Florida continues to lead nation in foreclosures

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.

Mortgage delinquencies down, new account originations up

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 percentage rate in the double digits -- one of only three states with this large of a decrease in only a single quarter.

New law slowing down foreclosure process in Florida

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 allows banks to speed up the foreclosure process. 

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