News about properties and real estate
The Obama administration’s program to help struggling borrowers keep their homes is being hurt by the same miscommunication, botched documents and other snafus that caused the original foreclosure crisis. After J.P. Morgan Chase & Co. agreed in January to her trial loan modification under the Home Affordable Modification Program, Stephanie Lulko made six $767-a-month mortgage …
Continue reading “Latest Foreclosure Crisis Is the Modifications”
The public Stoneybrook Golf Course is going belly up and homeowners in the surrounding neighborhood might have to foot the bill. The course – located off Corkscrew in Estero, just south of Miromar Outlets – has been in an ongoing bankruptcy battle with the governor. For John Byrne, buying a home in Stoneybrook was an …
Continue reading “Bankruptcy battle: Golf course hoping for Rick Scott’s help”
It’s been four months since a 25-foot wide, 40-foot deep sinkhole opened at the foot of the Bordeaux Village condominium building forcing a dozen families out of their homes. They still aren’t allowed back in the building because of safety concerns. The reason for the exile: A squabble between the homeowner’s association and the insurance …
Continue reading “Sinkhole concerns keep condo residents from homes”
For almost two years, home foreclosures have swept the nation, spreading misery among once-buoyant families, spattering lenders with red ink and undermining efforts to restart the economy. But a bigger problem may turn out to be the millions of Americans who are still faithfully paying their mortgages, but on houses worth far less than before …
Continue reading “Faithful mortgage payments may hobble economy”
The expanding investigation into Florida’s foreclosure crisis has turned up a new problem that may involve a number of cases: Individuals hired by law firms to notify struggling homeowners when their foreclosure cases are to be heard in court may have filed faulty or false documents. Foreclosure defense attorneys and consumer advocates say they have …
A man involved in a mortgage scheme first uncovered in a Tampa Tribune investigation four years ago has agreed to plead guilty to federal charges of conspiracy to commit wire, mail and bank fraud. Chad Evans’ Clearwater companies, Shorefront Ventures LLC and Tye Funding LLC, were used to lure "straw buyers" to participate in fraudulent …
Continue reading “Man will plead guilty in multi-million dollar mortgage scheme”