Mortgage Terminator: Condo associations sue banks, claim intentional foreclosure delays After winning a lawsuit against Wells Fargo that claimed the bank purposely delayed foreclosure proceedings on a condominium unit for more than a year, a Pompano Beach condo association has been awarded title to the unit without owing a dime on the original $184,400 mortgage. …
Category Archives: Real Estate
10 Best and Worst Markets for Real Estate Investors
10 Best and Worst Markets for Real Estate Investors – Developments Tulsa, Okla., Albany, N.Y. and San Diego, Calif. have shot onto the list of the 10 best markets for conservative residential real-estate investors, according to an updated report by Local Market Monitor, Inc. Since its earlier ranking in August, Phoenix and Naples, Fla. are …
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Wiregrass Ranch owners look to future [Tampa Bay Florida]
Wiregrass Ranch owners look to future [Tampa Bay Florida] During the housing boom, the Porter family made big plans for Wiregrass Ranch: thousands of homes; acres upon acres of shopping and office space; a hospital; a college and even a golf course. The housing collapse cost the Porters their development deal with Pulte Home Corp., …
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Lost in the System That Took the House [Central Florida]
Lost in the System That Took the House [Central Florida] Luis Fernandez’s foreclosure documents never looked quite right. Critical papers regarding his Orlando home were missing dates, and some signatures appeared to him to be forged. The mortgage had been sold so often — including once in the middle of the foreclosure process — that …
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J.P. Morgan Chase and GMAC Mortgage halt sales
J.P. Morgan Chase and GMAC Mortgage halt sales Homeowners facing eviction due to foreclosure proceedings can rest easier for the moment. Following several adverse court decisions throughout the country and the Florida Attorney General’s well publicized investigation into the Florida Default Law Group, the Law Offices of Marshall C. Watson, P.A.; the Law Offices of …
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Special districts struggle against tide of defaults [South Florida]
Special districts struggle against tide of defaults [South Florida] Waterlefe Golf and River Club developer WCI Communities Inc. went bankrupt in the thick of the real estate bust, leaving residents promises that no drastic changes would occur. That didn’t prove to be exactly true. Waterlefe’s golf course was built in 1999 with a $9.5 million …
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