Foreclosures hit 18-month high, no longer a bargain (5/21/2015)
RealtyTrac: April foreclosure numbers spiked as lenders rushed to put homes on the market. In some Fla. metros, sale prices are only 10% below market value.
81K Fla. homeowners missing out on mortgage savings (5/20/2015)
In a state-to-state comparison, Fla. had the highest number of homeowners who could benefit from a federal mortgage program (HARP) but did not do so.
TransUnion: Foreclosures at pre-recession levels (5/18/2015)
The number of homeowners late on their mortgage payment by 60 days or more dropped below 3% for the first time since 2007.
Fla. courts will lose money for foreclosure cases (5/12/2015)
About $21 million in National Mortgage Settlement money to help speed foreclosures goes away June 30. The change could help some homeowners but hurt others.
Foreclosure aid programs extended through 2016 (5/12/2015)
The federal gov’t says it will extend HAMP and HARP help for at-risk homeowners, but the new end-of-2016 deadline probably won’t be extended again.
$50M foreclosure prevention plan enrolls 96 people (5/11/2015)
A Fla. loan-modification plan has only signed up 96 people in two years. It’s one of five strategies financed through the state’s Hardest Hit fund program.
RealtyTrac: Fewer Fla. homeowners are underwater (4/23/2015)
However, the U.S. saw its percent of underwater owners rise in the first quarter, due in part to the loss of property sold by owners who had positive equity.
Group wants to silence ‘pro-foreclosure’ calls (4/21/2015)
Housing advocacy groups have asked HUD and others to investigate media reports that Wall St. firms are promoting foreclosures instead of owner-aid programs.
RealtyTrac: Fla. again top foreclosure state (4/16/2015)
While the state foreclosure rate dropped more than 8% year-to-year in March, it jumped 28% in just one month as the number of bank repossessions increased.
Fla.’s foreclosed owners find way to ‘free’ home? (4/1/2015)
Fla. lawyers say lenders have five years to file a foreclosure after the first default, but banks argue that the clock resets after each missed monthly payment.
Fla.’s foreclosure status improves (3/19/2015)
In RealtyTrac’s Feb. report, Fla. ranked third in total foreclosure rate, but its problems appear to be improving faster than in some other states.
CoreLogic: 1.2M borrowers regained equity in 2014 (3/17/2015)
In Fla., one-in-four homeowners with a mortgage owe more than their home is worth; but by metro area, only the Tampa region ranks in the U.S. top five.
Lots of Fla. HELOCs to reset within four years (3/5/2015)
Of Fla.’s home equity lines of credit, seriously underwater homeowners hold 71%. However, rising values and a stronger economy may counter reset damage.
Loan delinquencies back to pre-crisis levels (3/3/2015)
While Fla. still has foreclosures in the pipeline, the crisis has ended for most homeowners who, by historical standards, are now paying their mortgages on time.
U.S. foreclosure activity up 5% in Jan. (2/12/2015)
Bank repossessions in U.S. up to 15-month high; in Fla., REOs up 17% year-over-year. Fla. had highest state foreclosure rate - one in every 441 housing units.
CoreLogic: 39K completed foreclosures in Dec. 2014 (2/10/2015)
Fla.’s year-over-year foreclosure inventory dropped 48.6% in Dec. - the second biggest decline - but had most completed foreclosures (118K) for the 12 months.
Fla. leads nation in empty foreclosure homes (2/6/2015)
RealtyTrac: Owners have vacated one in four Fla. foreclosures. There are 35,903 today, despite a 35% drop in Fla.’s number of “zombie foreclosures” year-to-year.
Half as many Fla. owners are ‘seriously underwater’ (1/22/2015)
RealtyTrac: By the end of 2014, the percent of Fla. homes with loan-to-value ratios over 125% fell 17 percentage points compared to one year earlier.
Fla. top 2014 foreclosure state, but it’s rebounding (1/15/2015)
RealtyTrac: Fla. was the No. 1 foreclosure state in 2014, but a late-year rebound suggests better times. State foreclosures dropped 15% month-to-month in Dec.
Why so many foreclosures? Banks blame borrowers (12/16/2014)
However, the New York Times blames banks. On Sunday, it blasted lenders for perpetuating a myth that foreclosed owners took a risk they couldn’t afford.
Fla. returns to No. 1 foreclosure position (12/11/2014)
The state improved substantially year-to-year. By metro area, however, Fla. cities ranked as 8 of the top 10 foreclosure hotspots, according to RealtyTrac report.
2015 delinquent mortgages to hit pre-recession level (12/11/2014)
TransUnion: U.S. foreclosures will hit their pre-recession level in 2015, though not the historic norm of 1.5-2%. Fla. has lost 1M mortgages since the recession.