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 [...]

MIAMI – Oct. 16, 2008 – More than four in 10 South Florida homeowners who bought in the last five years owe more on their mortgages than their homes are worth.
For those who bought in 2006 – the year prices peaked – the situation is even worse. A startling 76 percent of those homeowners are [...]

Short sales and foreclosures are having an impact on the local housing market as the median sales price dropped $20,000 in September.
The Northeast Florida Association of Realtors reports 772 home sales last month with $165,717 being the median price. That means half of the homes sold for more than that amount and the other half [...]

Rental housing, that old housing standby of recent college grads and young professionals, is making a comeback with Middle Tennessee developers, in the latest sign of Nashville’s shifting real estate market.
Three local developers, including two with histories as condo builders, are pitching four apartment projects this fall in fast-growing neighborhoods near the city center.
With swimming [...]

Improving conditions in the mortgage market bode well for the housing sector in 2008, according to NAR’s latest outlook, including a widening availability of credit at historically favorable mortgage rates and jumbo mortgage rates that have improved since August. NAR’s latest predictions include:
Existing-home sales: 5.78 million in 2007, rising to 6.12 million next year, in [...]

TALLAHASSEE, Fla. (AP) – Oct. 12, 2008 – Floridians can still get home loans despite the national credit crunch, banking officials assured Gov. Charlie Crist on Thursday.
After a meeting at the Governor’s Mansion, Crist encouraged people to see their banker whether they’re interested in buying a new home or having problems paying their mortgages.
“Go talk [...]

TALLAHASSEE, Fla. – Oct. 10, 2008 – Real estate ads these days include listing after listing of bargain-basement prices. But those who buy a home in a foreclosure or a pre-foreclosure sale should know that future property bills may be no bargain.
Just because someone snags a home at a low price doesn’t mean the tax [...]

Phillip Walker put his Jensen Beach home in Florida on the market 13 months ago.
He finally got an offer this week, and he jumped at it. But he’s not jumping for joy… That’s because he’ll have to settle for $95,000 less than what he originally priced the house.
“About every other week a new [...]

Home foreclosure rates in the Rio Grande Valley are the highest in the state of Texas. But as homeowners lose their properties, others benefit by buying and then reselling them. A local investor says although it is a foreclosure market, trying to sell the home he just renovated has become more difficult.
Ever since entering the [...]

Residential real estate auctions have become the fastest growing sector of the auction industry. The massive over-supply of condos has turned metro regions throughout the U.S. into fertile ground for real estate auctions.
Builders and developers nationwide have found themselves in the same predicament as hundreds of thousands of home sellers around the country: the need [...]