As the summer months wind down and the chillier winds roll in through the fall months and into early winter, many Americans look out their windows at their cold and dismal hometowns. Their neighborhoods, strewn with fallen leaves or dirty snow, strongly fortify dreams of a second—or a first—homes in paradise. But with Florida real […]
Fewer Americans had their homes repossessed by banks or were put on notice for being behind on their mortgage payments in April compared to a year ago. That would ordinarily suggest improving fortunes for U.S. homeowners, but the decline had less to do with any turnaround in the housing market than with foreclosure processing delays […]
CLEARWATER The temporary freeze on foreclosures by big lenders such as Bank of America is rippling through the Pinellas-Pasco court system. In the past few weeks about 50 percent of foreclosure hearings have been canceled. It’s a significant setback because the courts are already dealing with a backlog of 33,000 foreclosure cases, said J. Thomas […]
Americans have taken a sharp slap in the face from the housing crisis, financial crisis and jobs crisis. Now, some wonder if the residue of those harsh realities is an ethical crisis. For the first time in the nation’s history, bankers say, people are walking away from mortgages they can otherwise afford to pay. The […]
PALM BEACH, Fla. – July 28, 2010 – With today’s reduced property values and increased unemployment, it’s tempting for some homeowners to just throw their hands up in defeat, allow the bank to take their home in foreclosure and rid themselves of the monthly mortgage burden. Even suffering through the paperwork and stress of a […]