Florida’s housing market is far from recovery with both the foreclosure and delinquency rates in Central Florida increasing.
Foreclosure rates among outstanding mortgage loans were 5.5 percent in August, nearly three-fold compared to the 1.5 percent rate in August 2007, according to First American CoreLogic Inc.
The company based foreclosure rates on total outstanding mortgages instead of [...]

As “For Sale” signs dot yards throughout Florida, plummeting sales and home prices and soaring foreclosures signal that the housing crisis continues to deepen. When the real estate market is competitive, a home with a pungent odor such as cigarettes can make or break the deal. According to a 2008 Home Features Survey done by [...]

MIAMI - Oct. 20, 2008 - He frequents the pool at The Venetia condo building. He leaves his Jaguar with the valet. He uses the gym. He’s also behind on his mortgage and isn’t paying his condo association fees.
Neither is his lender, and the association’s board worries the bank is delaying foreclosure to avoid paying [...]

Jim Allotta is in a tough industry. His business, Allotta Appraisal Services, has faced some challenges in the past year including a declining housing market and predatory lenders who try to dictate appraisers’ work.
The previously booming housing market brought appraisers who didn’t know much about the process and told lenders what they wanted to hear.
The [...]

The American housing market, where the global economic crisis began, has not hit bottom.
Home prices across much of the country and in Utah are likely to fall through at least late 2009, economists say, and in some markets the trend could last even longer depending on the severity of the anticipated recession.
In hard-hit areas such [...]

Your “Miami condo auction draws low bids” article was both symptomatic and problematic. A developer holds an auction and now cries that he sold nine condos that he couldn’t sell prior to the auction for less than what they cost to build. This smacks of the real problem - greed coupled with over-inflated prices.
If someone [...]

Relief is on the way for some Floridians in foreclosure or at risk for it.
Bank of America is to provide $1 billion for Floridians who are recipients of Countrywide home loans considered troubled or risky.
Bank of America, which acquired Countrywide last year, is expecting about 58,000 Floridians to be eligible for its home retention program [...]

The Federal Government is collaborating with State and local partners to use the best tools available to keep homeowners in their homes. Americans need to know that help is available. The actions of the Federal Government are helping to address a key problem in the housing market: the excess supply of homes on the market. [...]

More than one-third of all Twin Cities home sales closing in the third quarter involved lender-mediated or foreclosed properties, up from only 9 percent during the same period a year ago, according to a survey released Thursday by the Minneapolis Area Association of Realtors.
A lender-mediated sale, also known as a short sale, is the result [...]

A THREE-bedroom, one-bathroom house with basement: all yours for $1.
The 1923 bungalow is a little worse for wear and has some “fire damage”, says the agent, but if you ever want to get out of Detroit, as many people clearly do, it’s close to the airport and freeways.
The one-dollar house is no anomaly. Four others, [...]