News about properties and real estate
Association must lien and foreclose to get unpaid fees Question: I have three condominiums in different locations. One is paid for, which is my residence, and the other two are rentals that are upside down with the current real estate market. I stopped paying the mortgages and HOA dues on the rentals two months ago. …
Continue reading “Association must lien and foreclose to get unpaid fees”
Mortgage-aid plan limping along Struggling homeowners were given hope when a federal housing initiative to help millions avoid foreclosure was announced by President Barack Obama in Mesa four months ago. The key part of the $75 million Making Home Affordable plan was a loan-modification program that compensated lenders for lowering the mortgage payments of borrowers …
Lenders’ latest foreclosure strategy: waiting Across Florida, tens of thousands of foreclosed homes are being left in limbo, between homeowners who have abandoned them and banks that have not yet taken possession of them. Over the past year, banks and other lenders have canceled up to 50 percent of foreclosure sales in some parts of …
Continue reading “Lenders’ latest foreclosure strategy: waiting”
4 families rebuilding finances post-foreclosure Even after a sheriff’s sale, the financial and emotional strains that surround a foreclosure are rarely over. For the past six months, the Associated Press has followed four families who lost their homes in the past year. Three of them are regaining their financial footing, but one has sunk deeper …
Continue reading “4 families rebuilding finances post-foreclosure”
Tampa entrepreneur’s mortgage lending gamble paying off What are the odds of winning in a ravaged industry like mortgage lending, especially when you name your fledgling company after one of the biggest lenders to melt down in the Southeast? For longtime banker and avid thoroughbred racehorse owner Jerry Campbell, that gambit has paid off like …
Continue reading “Tampa entrepreneur’s mortgage lending gamble paying off”
Q&A with Jared Dalto For Jared Dalto, West Palm Beach’s true deals are in the short sales, where investors and owner-occupants are snapping up properties faster than ever. Dalto sees the current market as a once-in-a-lifetime period to buy and says that people will look back at this time and wonder what they didn’t purchase …