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Items Tagged with 'Florida'

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Key Biscayne home may set Miami listing record at $60M

Private harbor, 12K SF, elevator…okay, we’ll take it
Trey Garrison
A Key Biscayne, Fla. home on a 2-acre peninsula with a private harbor will list for $60 million.
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Roughly 20,000 Florida homeowners go unserved

Ocwen settlement deadline approaches fast
Brena Swanson
Eligible Florida borrowers have a little over two weeks to claim their share of the giant Ocwen Financial Services settlement, with just 10,244 filed claims out of 31,036 qualified Floridians.
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BofA settlement consumer relief comes with a price

Tax requirements change true financial benefit
Brena Swanson
Although $7 billion of the Bank of America settlement is going toward consumer relief, those who accept it could face some financial difficulties later due to tax requirements.
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Florida housing market settles into “new normal”

Property inventory up, prices up
Brena Swanson
“We are now beginning to see that the 'new normal' is really the 'old normal' with statistical patterns reminiscent of the market that prevailed prior to the frantic run-up of prices,” Florida Realtors Chief Economist John Tuccillo said.
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Florida homeowners get huge chunk of BofA settlement

Nearly 17,000 consumers helped
Brena Swanson
A significant portion of the Bank of America settlement will go toward consumer relief in Florida, helping nearly 17,000 people. Of the $7 billion allotted to consumer relief, $1 billion is going to the Sunshine State.
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Attorneys General sue Tampa firm over mortgages

Florida and Connecticut file lawsuit
Brena Swanson
Both the Florida and Connecticut Attorneys General filed a federal lawsuit against a Tampa firm, alleging it collected at least $4.7 million in illegal upfront fees from distressed homeowners.
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Fannie, Freddie foreclosure inventory hits new peak in Florida

Foreclosures in judicial states dwarf non-judicial states
Ben Lane
According to a new report from the Wall Street Journal, the amount of foreclosure inventory held by Fannie Mae and Freddie Mac in Florida has reached a new high, topping the previous peak which was reached at the height of the foreclosure crisis in 2010.
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Ocwen sends mortgage settlement claim forms to 26,000 in Florida

Residents eligible for $17.8 million of total settlement of $125 million
Ben Lane
“This settlement fund provides Floridians who lost their homes to foreclosure some financial relief for mortgage servicing misconduct and foreclosure abuse,” Florida Attorney General Pam Bondi said.
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Florida records strong May home sales

More listings, higher median prices, increased inventory
Brena Swanson
May was a strong month for Florida, with more new listings, an increase in median prices and an uptick in inventory.
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More bad news for JPMorgan Chase

City of Miami sues bank over predatory lending practices
Ben Lane
Miami becomes the third city in recent weeks to sue a bank for discriminatory lending practices. JPMorgan Chase is now facing lawsuits from both Los Angeles and Miami.
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