Homeowners find an equity bright spot (3/14/2017)
CoreLogic: 1M U.S. borrowers regained equity in 2016, and 63% of all homeowners saw their equity increase – but 1 in 10 Fla. borrowers are still underwater.
Fla. no longer poster child for underwater homes (2/9/2017)
ATTOM: Number of seriously underwater U.S. homeowners fell by 1 million last year; in Fla., 14.3% were seriously underwater in 2016, down from 19.8% in 2015.
Tax refunds could save 300K homes in foreclosure (2/7/2017)
Some homeowners – particularly those with FHA or VA loans – miss mortgage payments around the holidays but catch up when their tax refund check arrives.
U.S. foreclosures drop to 9-year low (2/2/2017)
In 2016, 16.2% of single-family and condo sales were distressed, down from 18.8% year-to-year, and third-party investors stepped up their game in 3 Fla. metros.
HAMP out and new foreclosure prevention program in (12/15/2016)
The Home Affordable Modification Program (HAMP) expires this year, but Fannie and Freddie say a new Flex Modification program will take its place.
Struggling homeowners get holiday break (12/13/2016)
Most lenders, along with Fannie Mae and Freddie Mac, say they won’t evict homeowners going through foreclosure during the holiday season.
1 in 4 Fla. owners with mortgage is ‘equity rich’ (11/17/2016)
ATTOM: 23.2% of Fla. homeowners have a loan-to-value ratio 50% or lower, but 16% are still seriously underwater with a loan worth at least 125% of current value.
U.S. foreclosure activity up 27% in Oct. (11/10/2016)
In a surprise turnaround, foreclosures surged month-to-month, though they’re still down year-to-year. While Fla. dropped to No. 6 nationally in Oct., ATTOM economists expect an uptick after a recent Fla. Supreme Court ruling.
Fla. Supreme Court changes foreclosure’s timeline (11/4/2016)
Lenders have five years to foreclose, but the court ruled that the clock resets if a case is dismissed. “Basically, banks are getting a do-over,” says one lawyer.
Distressed home sales hit nine-year low in 3Q (11/3/2016)
ATTOM: Cash sales also logged a nine-year low. But Fla. ranks high in year-over-year median sale price increases, distressed sales and the number of cash buyers.
ATTOM: The foreclosure crisis is over (10/13/2016)
For the first time in a decade, the time it takes to foreclose on a home is down. Fla. remains a top foreclosure state, but it’s now No. 5 for foreclosure rates.