Items Tagged with 'Florida housing'

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Florida also alleges widespread servicing failures at Ocwen

Attorney General Pam Bondi files lawsuit against nonbank
The Consumer Financial Protection Bureau and the members of the Multi-State Mortgage Committee were not the only ones to take action against Ocwen Financial on Thursday for the nonbank’s mortgage servicing practices. The state of Florida also sued Ocwen, along with the company’s subsidiaries Ocwen Loan Servicing and Ocwen Mortgage Servicing, for “mortgage servicing misconduct.”
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HUD Secretary Ben Carson takes listening tour to public housing in Jacksonville

Visits public housing facility with living conditions once described as "deplorable"
Department of Housing and Urban Development Secretary Ben Carson is making the next stop in his listening tour on Tuesday, visiting a public housing facility in Jacksonville, Florida that was recently the target of the state’s senators. Carson will visit Eureka Gardens, which is one of several federally subsidized housing developments in Florida that subject residents to “deplorable” living conditions, according to Sens. Bill Nelson, D-Fla., and Marco Rubio, R-Fla.
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Florida real estate agents targeted by elaborate fake Realtor group

Complex scam threatens Florida Realtors with license suspension
Florida Realtors, which boasts 165,000 members in 55 boards and associations, issued a warning to its members this week after Realtors in the state recently began receiving letters from the “Florida Board of Realtors” that claim the Realtors real estate license is in danger of suspension. The issue? The “Florida Board of Realtors” doesn’t exist.
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Lennar finalizes $643 million acquisition of WCI Communities

Lennar pays all cash, citing upside for company’s stock
Lennar is officially growing its business as the company announced Friday that it completed the acquisition of WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida. The companies first announced the deal back in September 2016, and after some financial due diligence, the deal is now complete.
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Next HUD leader Ben Carson lists Florida home for $1.2M

Purchased home three years ago
Ben Carson just officially announced that he accepted the role of HUD Secretary and is already making moves in his own personal housing situation. The former neurosurgeon reportedly listed his home in West Palm Beach, Florida, and if he sells his home at that amount, he would turn quite a nice profit.
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WCI Communities doesn't find better offer; $643M merger with Lennar to move forward

"Go shop" period expires, but deal isn't done yet
When WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced last month that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for $643 million, the company said that its board was going to take a 35-day “go shop” period to seek a better deal. Now, the 35-day “go shop” period is over and the merger with Lennar is moving forward, but it’s not a done deal yet.
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Lennar agrees to buy luxury homebuilder WCI Communities for $643 million…or does it?

Agreement includes provision that allows WCI to seek better offer
WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced this week that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for quite the premium, but the company is seeking out a better deal.
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Florida court upholds city's rights to place liens on zombie homes

Cities' liens on foreclosed properties aren't extinguished when home is sold
In a move that should help municipalities within the state of Florida fight against the state’s glut of zombie foreclosures, a state appeals court ruled recently that liens placed on foreclosed homes by the city are not discharged when the home goes through a judicial sale. Here's a closer look at the decision.
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Florida senators want "slumlords" held accountable for public housing conditions

Sens. Marco Rubio and Bill Nelson introduce bill to change HUD rules
Florida's senators are deeply concerned about the living conditions for some of the state's residents who live in federally subsidized housing and they want the government to do more to hold the properties' owners accountable. The senators say the move is in response to the "deplorable" living conditions discovered in several federally subsidized housing developments in Florida.
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