foreclosure http://wlrn.org en In Miami, A New Condo Boom Revives Hopes Of Housing Recovery http://wlrn.org/post/miami-new-condo-boom-revives-hopes-housing-recovery Here's a headline that may sound familiar: Miami is in the middle of a condo boom.<p>Just seven years ago, Miami had a similar surge in condo construction. But it all came crashing down. Fri, 22 Feb 2013 13:25:00 +0000 Greg Allen 9800 at http://wlrn.org In Miami, A New Condo Boom Revives Hopes Of Housing Recovery Foreclosure Process Hammers Florida's Housing Market http://wlrn.org/post/foreclosure-process-hammers-floridas-housing-market-0 <p></p><p>A decade ago, speculators in Florida were pumping up a huge housing bubble.</p><p>"You couldn't go wrong," Tampa real estate attorney Charlie Hounchell says. In that overheated period from 2001 to 2006, "you could buy a house and make $100,000 a year later by selling it," he says.</p><p>But the party ended in 2007 and the hangover persists. The state now has the highest foreclosure rate in the country, beating out Nevada for the first time in five years.</p><p> Mon, 04 Feb 2013 11:45:53 +0000 Robin Sussingham 8805 at http://wlrn.org Foreclosure Process Hammers Florida's Housing Market Floridians Get More Money For Mortgage Assistance http://wlrn.org/post/floridians-get-more-money-mortgage-assistance <p>An additional $60 million in assistance from a <a href="http://www.nationalmortgagesettlement.com/">national mortgage settlement</a> is now available to Floridians&nbsp;who&nbsp;lost their homes due to unfair foreclosure practices.</p><p><a href="http://www.myfloridalegal.com/newsrel.nsf/newsreleases/F40ED4E1DB2FFC0885257AF6006CA490">Attorney General Pam Bondi announced how the money will be used.</a></p> Mon, 28 Jan 2013 12:00:00 +0000 Gina Jordan 8352 at http://wlrn.org Floridians Get More Money For Mortgage Assistance Big Banks Agree To Pay $8.5 Billion To Settle Foreclosure-Abuse Claims http://wlrn.org/post/big-banks-agree-pay-85-billion-settle-foreclosure-abuse-claims Ten of the nation's major mortgage servicing companies, including household names such as Bank of America and Citibank, have agreed to pay $8.5 billion to resolve claims that they abused some homeowners when they foreclosed on mortgages during the recent housing crisis, the Federal Reserve and the Comptroller of the Currency <a href="http://federalreserve.gov/newsevents/press/bcreg/20130107a.htm" target="_blank">announced late Monday morning</a>.<p>According to the Fed, $3.3 billion of the settlement will be "direct payments to eligible borrowers" and $5.2 billion will go toward "other assista Mon, 07 Jan 2013 16:35:00 +0000 Mark Memmott 7354 at http://wlrn.org Big Banks Agree To Pay $8.5 Billion To Settle Foreclosure-Abuse Claims Florida's Mortgage Mess: There Is Hope http://wlrn.org/post/floridas-mortgage-mess-there-hope <p></p><p>With hundreds of thousands of homes already foreclosed in Florida--and eight percent of current mortgage holders delinquent--you’d think that thousands of people would be flocking to get help.</p><p>Yet when Wells Fargo Bank invited an average of 14,000 of its troubled mortgage holders to four Home Preservations Workshops it held across the state, fewer than 300 showed up each time.&nbsp;</p><p>“People are scared, ” says Barry Zigas, housing policy director for the Consumers Federation of America.</p> Mon, 07 Jan 2013 12:00:00 +0000 Robert Lyle 6573 at http://wlrn.org Florida's Mortgage Mess: There Is Hope Florida's Mortgage Mess: Options http://wlrn.org/post/floridas-mortgage-mess-options <p></p><p><em>All this week, we've been looking at the continuing foreclosure crisis sure crisis in Florida. Today, we check in back in with one woman who fears losing her home.</em></p><p>While there are many federal, state and private bank programs to modify troubled mortgages, each requires the lender to agree.</p><p>Unlike the more than 260 lenders in Florida who are helping, Marla Popkin’s mortgage holder won’t. Popkin is an Occupational Therapist in Miami. Work is slow and she has come into some rough times. Now she's trying to save her home.&nbsp;</p> Fri, 04 Jan 2013 13:30:00 +0000 Robert Lyle 6567 at http://wlrn.org Florida's Mortgage Mess: Options Florida's Mortgage Mess: When Help Is At Arm's Length http://wlrn.org/post/floridas-mortgage-mess-when-help-arms-length <p></p><p><span style="color: rgb(34, 34, 34); font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif; ">Florida pops to the top of the list anytime someone mentions home foreclosures.</span></p><p style="margin-bottom: 1.5em; padding: 0px; border: 0px; font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif; vertical-align: baseline; color: rgb(34, 34, 34); ">The federal government and the major banks are trying to help people modify mortgages so they can stay in their homes. But those programs frequently come with caveats and conditions.</p><p> Thu, 03 Jan 2013 11:00:00 +0000 Robert Lyle 6566 at http://wlrn.org Florida's Mortgage Mess: When Help Is At Arm's Length Florida's Mortgage Mess: Among The Worst In The U.S. http://wlrn.org/post/floridas-mortgage-mess-among-worst-us <p></p><p></p><p>For the last three months, Florida has led the nation in the number of homes in some stage of foreclosure.</p><p>But that is only the tip of the iceberg. Since the start of the recession, the foreclosure crisis has been a horror story for the Sunshine State.</p><p> Wed, 02 Jan 2013 11:00:00 +0000 Robert Lyle 6556 at http://wlrn.org Florida's Mortgage Mess: Among The Worst In The U.S. S. Florida Leads In Foreclosure, Delinquency http://wlrn.org/post/s-florida-leads-foreclosure-delinquency <p></p><p>The Miami-Fort Lauderdale-Pompano Beach metro area remains on the bleeding edge of the nation's still-critical foreclosure problem, according to <a href="http://www.foreclosure-response.org/maps_and_data/metro_delinquency_data_September2012.html">new rankings from the Center for Housing Policy</a>. It has, by far, the highest rate of &nbsp;homes in foreclosure -- but the rest of the state is not far behind.</p><p>In the 13 metros with the highest percentages of homes in foreclosure, only one is not in Florida. It's number two.</p> Fri, 21 Dec 2012 14:08:32 +0000 Rick Stone 6664 at http://wlrn.org S. Florida Leads In Foreclosure, Delinquency Mortgage Companies Give Florida $3.6 Billion For Bad Deals http://wlrn.org/post/mortgage-companies-give-florida-36-billion-bad-deals <p>Florida's Attorney General Pam Bondi&nbsp;announced that five of the country's biggest mortgage companies are forking over $3.6 billion dollars for "foreclosure abuses and unacceptable mortgage servicing&nbsp;practices," which spurred the state's foreclosure crisis.</p><p> Tue, 20 Nov 2012 14:30:00 +0000 Ashley Lopez 4985 at http://wlrn.org Mortgage Companies Give Florida $3.6 Billion For Bad Deals ProPublica: State Lawmakers Are Holding Up $300 Million Meant to Help Homeowners http://wlrn.org/post/propublica-state-lawmakers-are-holding-300-million-meant-help-homeowners <p>ProPublica&nbsp;reports that $300 million awarded to Florida through a settlement over bad mortgages and foreclosures remains untouched.&nbsp;</p><p>That money is meant to help homeowners in Florida that were hurt by the state's housing crisis.</p><p>Millions of dollars were given to individuals and state governments by big banks accused of&nbsp;wrongful foreclosures and other mortgage servicing abuses.</p><p>Florida got the biggest sum of money-- besides California-- because the state was wracked by the housing crisis.</p> Wed, 24 Oct 2012 14:56:59 +0000 Ashley Lopez 3426 at http://wlrn.org ProPublica: State Lawmakers Are Holding Up $300 Million Meant to Help Homeowners Foreclosure Settlement Will Rain Checks On Thousands In South Florida http://wlrn.org/post/foreclosure-settlement-will-rain-checks-thousands-south-florida <p></p><p>There's been a big consumer protection settlement for people who lost their homes to foreclosure and checks could be on the way early next year. Did you lose your home to foreclosure? And was your mortgage serviced by Ally/GMAC,&nbsp;Bank of America, Citi,&nbsp;JPMorgan Chase&nbsp;or Wells Fargo? &nbsp;The <a href="http://www.sun-sentinel.com/business/fl-foreclosure-settlement-20121016,0,2986079.story">Sun-Sentinel is reporting</a> you may be eligible for a $2,000 check.</p> Tue, 16 Oct 2012 12:02:04 +0000 Rick Stone 2966 at http://wlrn.org Foreclosure Settlement Will Rain Checks On Thousands In South Florida