Florida homeowners are expected to be paid about $8 billion in compensation for foreclosure abuses by lenders.
South Florida’s role in the housing crisis has been well documented, but there finally may be some good news rolling in for homeowners.
Some good news for single family homes and condos in Miami-Dade County; sales saw a double digit jump in May.
Insurance rates in Florida are already among the highest in the nation, but as insurers look to make what they claim are “market adjustments” to rates, some Floridians are finding they have to make a choice between paying for their insurance, or their home.
Would you paint your house orange or green, if it meant living mortgage free for a year? Some local residents are hoping to turn their homes into gigantic billboards and cash in.
Likely Republican presidential nominee Mitt Romney finally began revealing some of his plans for paying for massive tax cuts and naming which government agencies he plans to close if he wins the White House in November.
Florida Governor Rick Scott has been put on notice that homeowners and businesses across the state will lose access to the federal Flood Insurance program if he signs a bill now on his desk which would change the way local governments issue building permits.
Despite angry jeers from homeowners facing or in foreclosure, a Senate panel cleared a bill Monday that aims to speed up the state’s mortgage foreclosure process.
After more than a year of negotiations, five major banks will pay approximately $26 billion to American homeowners for the banks roles in foreclosure abuses including the robosigning scandals that ravaged the industry.
While many parts of the country are beginning to dig out of the worst housing collapse since the Great Depression; South Florida remains far behind a housing recovery.