News about properties and real estate
A decade ago, a collapsing housing market triggered an avalanche of foreclosures that nearly brought the civil court system in Polk County and across the country to its knees. Judges and court clerks grappled with an unprecedented flood of foreclosure lawsuits that no one had seen coming, and for which they were unprepared. In 2013, …
Continue reading “Foreclosure crisis over, Polk courts are breathing easier now”
There will be no “free houses” for Floridians who have defaulted on their mortgages but continue to live in their homes without paying. In a major opinion, the Florida Supreme Court has ruled that lenders can resume foreclosing at any time, even if they have taken no action in years. Previously, they had to act …
Only about one in eight businesses and residences in East Baton Rouge Parish is covered by flood insurance, a reality that is sure to take a financial toll on those living in the vast swaths of neighborhoods that flooded during this weekend’s storms. The figure is higher in Livingston Parish, where 22 percent of structures …
For the first time in at least seven years, the foreclosure rate has dipped below 2 percent in the Sarasota-Manatee region. The rate of foreclosures among outstanding mortgages in the two counties fell to 1.91 percent in October, down sharply from its peak of 12.23 percent in June 2011, according to data provider CoreLogic. While …
Continue reading “Foreclosure rate below 2 percent [South Florida]”
Thousands of Michigan homeowners are still eligible to refinance under HARP in 2016. Wayne County, for example, had nearly 9,100 eligible homeowners as of June 2015. What would stop someone from making a move and filling out forms to save an extra $100 or $200 a month on a mortgage payment? Especially if that person lived in …
Continue reading “Underwater on your mortgage? The HARP program could help”
f you have outgrown your current residence or want to move for other reasons, you have a few choices to make, such as selling or renting out your home. If market conditions are favorable, you could sell the property, cashing in your equity and making a profit. If getting your equity out of the property …
Continue reading “Tax Implications for Converting a Primary Residence to Rental Property”