Home-loan aid altered Facing mounting criticism about the effectiveness of the government’s foreclosure prevention efforts, the Obama administration announced Thursday that it will tighten the documentation requirements for borrowers applying for its marquee mortgage relief program. Starting June 1, borrowers must prove they qualify for the mortgage help upfront, providing two pay stubs and other …
Author Archives: Administrator
Despite names, condos operate the same
Despite names, condos operate the same We have never lived in association type housing, but recently moved into a large complex of condominiums and detached homes. We have been told that our association is a POA but we can find no reference to POAs in the Florida statutes, only to HOA (homeowners associations). What is …
Foreclosed homes leave remaining owners to pick up the tab [Central Florida]
Foreclosed homes leave remaining owners to pick up the tab [Central Florida] Tom Beard knew that he would be paying homeowners association dues when his family moved into a new Tivoli Village town house in east Orlando. But he never thought he would be footing the dues owed on dozens of empty homes, most in …
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Boca Raton 34-year-old charged with mortgage scam has to give up Rolls Royce, Ferrari and more
Boca Raton 34-year-old charged with mortgage scam has to give up Rolls Royce, Ferrari and more A U.S. Secret Service investigation into an alleged mortgage scam run by a 34-year-old Boca Raton man has led to his arrest and seizure of assets including a Rolls Royce Phantom, Lamborghini, Ferrari and 42-foot Fountain racing boat. Jason …
Texas Rangers Owner Tom Hicks Sells House in Aspen Area
Texas Rangers Owner Tom Hicks Sells House in Aspen Area Texas Rangers owner Tom Hicks, whose Hicks Sports Group is in default on $525 million of debt, sold his three-acre, Aspen-area estate to Howard M. Jenkins, the former head of the Southeastern Publix Super Markets chain, for $18.5 million. Besides the baseball team, which Mr. …
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Loan-modification hassles frustrate Oregon homeowners
Loan-modification hassles frustrate Oregon homeowners Lost paperwork, unreturned messages and conflicting information are magnifying the misery of homeowners in distress. Requests to modify home loans and reduce mortgage payments, relatively uncommon a few years ago, have surged as borrowers struggle to avoid foreclosure. Many people requesting changes in their home loans say they’re getting the …
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