Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'Florida'

ARTICLES

Florida man convicted for renting out homes he didn’t own

Chris McDonald found guilty of organized fraud, grand theft
Brena Swanson
A man in Florida was found guilty for renting out houses he didn't own in a real estate scam that spanned at least five Florida counties over the past three years.
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Florida man buys foreclosure, finds dead body inside

Presumed owner hadn’t been seen for three years
Ben Lane
William Wilson, of Cape Coral, Florida, purchased the home on SE 19th Lane at auction Tuesday for $96,000. When he arrived at the home Wednesday to inspect his purchase, he found the body thought to be the previous owner, a woman who had been missing since November 2011, in the master bedroom.
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6 housing markets that haven’t recovered

California fills the list
Brena Swanson
Although it’s been eight to nine years since the housing recovery, not every market is recording strong growth, especially in Florida and California. Here are 6 former boomtowns that still have a long road ahead.
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Zillow: Millions of potential houses lost to "doubling up"

But there is a silver lining
Brena Swanson
“The rise in doubled-up households is a troubling sign of the times and starkly illustrates one of the prime drivers behind weak home sales these days,” said Zillow Chief Economist Stan Humphries. But there is a silver lining behind the data.
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LeBron James lists Miami mansion for $17 million

He’s taking his talents away from South Beach
Ben Lane
The man who calls himself “King James” lived quite large down on South Beach. James’ Miami home checked in at 12,178 square feet, replete with 6 bedrooms and 8.5 bathrooms. If he gets the full asking price, James will turn a tidy profit of $8 million in just four years.
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Florida bank to pay all employees “living wage”

First Green Bank ups wages and eliminates salary caps
Ben Lane
According to a report from CNN Money, the bank will be giving a raise to 17% of its 66 employees this week to raise their salaries to a level that’s at least double the minimum wage for the state of 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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