Florida Bar group gets $23M in mortgage settlement (4/28/2016)
The Florida Bar Foundation got a check this week for $23M as part of a Bank of America mortgage settlement aimed at legal aid for homeowners facing foreclosure.
FHFA announces principal reduction program (4/15/2016)
A new program offers help to “certain seriously delinquent, underwater borrowers who are still struggling.” FHFA calls the principal reduction a “one-time offer.”
CoreLogic: Fla. foreclosures down 38% in one year (4/12/2016)
Of 21 U.S. states that foreclose via courts, the Fla. inventory decline outpaced second-place New Jersey’s by 12% – and serious Fla. delinquencies are down 34%.
1 million borrowers regained equity last year (3/14/2016)
CoreLogic: 91.5% of U.S. homeowners with a mortgage had equity in their homes by the end of 2015, and the “number of homeowners with more than 20% equity is rising rapidly.”
1.6% of U.S. homes vacant – in Fla., it’s 2.3% (2/11/2016)
RealtyTrac’s latest foreclosure report found 154,179 vacant homes in Fla. – but 74.8% of the homes, while empty, aren’t underwater and have at least some equity.
Fewer Fla. foreclosure homes ‘seriously underwater’ (1/28/2016)
RealtyTrac year-end report: Only 1 in 5 Fla. foreclosure homes had a mortgage at least 25% higher than current value – a drop from 1 in 4 a year earlier.
RealtyTrac: Fla. a top foreclosure state in 2015 (1/14/2016)
Fla. held onto a top-tier foreclosure rank in 2015 (No. 2), but the state’s total foreclosure activity declined even as it rose in 24 other states. For metros, Tampa ranked No. 3 nationally.
Will short sellers still get a tax break? (12/16/2015)
As it stands now, a short-selling owner in 2015 must pay taxes on the amount a lender forgave. But a new bill in Congress could change that through next year.
Fannie, Freddie halt foreclosures for the holidays (12/14/2015)
In what has become a yearly holiday tradition, the two mortgage giants announced that no in-foreclosure homeowner would be evicted until at least Jan. 3, 2016.
Banks accelerated Fla. home repossessions in Nov. (12/10/2015)
Fla. ranked No. 1 in total completed foreclosures – twice as many as No. 2 Texas. But scheduled auctions dropped 58% year-to-year as crisis cleanup continues.
New Fla. foreclosure starts increase 13% in Oct. (11/12/2015)
RealtyTrac: The total number of Fla. homes within the foreclosure process rose 8% for Oct. but they fell 23% year-to-year. The state gained 113% more REOs than No. 2 Calif.