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.
Tampa-area police are asking residents to keep a watchful eye for people “camping out” on foreclosed or vacant properties.
A measure which would have sped up the foreclosure process floundered in the Florida legislature before lawmakers called it quits this past week.
The foreclosure crisis crippled South Florida and created a backlog in the court system; and even though the overall economy is improving, the housing market remains in limbo.
With Florida atop or near atop the list of foreclosure-ridden states, lawmakers on Thursday began looking again at ways to speed up the handling of foreclosure cases that now can take two years or more to wind their way through the courts.
Another setback for South Florida’s struggling housing market lies is just beneath the surface – thousands of homes that make up the so-called “shadow inventory.”
While some realtors may be proclaiming the real estate market in South Florida is on the rebound; new numbers from RealtyTrac show the foreclosure crisis is stalled and may not clear out in South Florida for two more years.
The latest property appraisal numbers from Miami-Dade and Broward Counties showed a mixed picture with some areas stabilizing while others continued to decline.
We all know this is a good time to buy a home. It might be even better if you qualify for a moderate income housing program that puts home buyers into recently rehabbed homes, could […]
Have you ever wondered why so few homeowners are getting their mortgages modified? The CBS4 I-Team uncovers the secret profits big banks are making on foreclosures.