Floridians who lost their homes between 2008 and 2012 have until Friday to register for their share of a $25 billion national settlement with a handful of mortgage lenders.
Making her way down the side of a house on NW 65th Street in the Liberty City section of Miami, Keenya Robertson steps over broken glass and around an assortment of garbage. Some of the windows of the duplex are boarded up with plywood. Other windows are left wide open. There is no mail box or Realtor sign out front. And around back the grass is dead and a tree has partially fallen.
Foreclosures have crippled the South Florida home market since the Great Recession hit and while the rest of the nation has started to show improvement, Florida continues to struggle to recover from the worst economic collapse since the Great Depression.
Thousands of Floridians who lost their homes in foreclosures will soon be able to file for compensation.
Florida homeowners are expected to be paid about $8 billion in compensation for foreclosure abuses by lenders.
Romney negotiated a $10 million federal bailout for his company, but has called for foreclosures to be allowed to “hit bottom” and letting Detroit go bankrupt.
Some good news for single family homes and condos in Miami-Dade County; sales saw a double digit jump in May.
Beer bottles and debris litter the lawn in front of a vacant home in Ft. Lauderdale, its windows covered by white boards.
As the sun set Wednesday night, 84-year-old Adline Pierre held her granddaughter, fighting tears. A young man is bent down next to her trying to comfort her. “We are here to make sure you don’t end up in the street,” Hashim Benford told her.
Following the lead of the State Senate, the Florida House has passed a hotly-contested measure aimed at speeding the state’s mortgage foreclosure process.