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Florida Foreclosure News »

[23 Feb 2012 | No Comment | ]

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Florida lawmakers want to make it easier for banks to foreclose on abandoned properties as well as make lenders complete foreclosures faster.
Florida is one of the worst hit states with 360,000 foreclosure cases still winding through the courts.  The average foreclosure takes about two years to process in Florida with many cases taking three or even four years.
The bill’s sponsor in the Florida House of Representatives, Kathleen C. Passidomo, stated, “We have a lot of …

Florida Foreclosure News »

[11 Feb 2012 | No Comment | ]

$25 billion in Foreclosure Payouts seems like it will really help homeowners, but will it ?
750,000 people who have already lost their homes  will get the magnificent sum of $1800 to  $2,000 each.  Too little, too late is a huge understatement.
A principal reduction of around $20,000 is expected to go to another one million homeowners who are underwater.   How many homeowners in south Florida are only underwater by such a small amount?
If you are  facing foreclosure will that help you?   A very small percentage of homeowners is going …