~The Banks Are Implementing New Procedures to Reduce Loan Modification Delays, Improve Communication with Borrowers, and Avoid Multiple Requests for Documents~
TALLAHASSEE, FL – October 2, 2013 – (RealEstateRama) — Attorney General Pam Bondi, along with her colleagues on the National Mortgage Settlement Monitoring Committee, today announced that Bank of America and Wells Fargo have agreed to implement new procedures designed to address possible violations of the national mortgage servicing settlement. These improvements come in response to concerns expressed by Attorney General Pam Bondi earlier this year, which were based upon complaints from distressed borrowers, housing counselors, legal aid groups, and foreclosure defense lawyers that the banks were falling short of meeting the servicing standard requirements set forth in the National Mortgage Servicing Settlement. ALLRMC.COM more »
WASHINGTON, D.C. – March 6, 2014 – (RealEstateRama) — Congressman Mario Diaz-Balart (R-FL) released the following statement after the passage of H.R. 3370, The Homeowner Flood Insurance Act of 2014:
“Today’s vote helps address the harmful and unintended consequences of the Biggert-Waters bill. It applies a commonsense approach, including lasting relief for homeowners while maintaining necessary reforms to provide long-term solvency to the flood insurance program. With passage of this bill, Floridians can rest a little easier knowing that they will be protected from immediate and drastic premium hikes. This bill will help stabilize our real estate market, while also protecting the pockets of hardworking American taxpayers. I would like to thank Majority Leader Cantor for recognizing the need for a vote on this important issue.” more »
TALLAHASSEE – March 5, 2014 – (RealEstateRama) — Chief Financial Officer Jeff Atwater today announced that the Florida Department of Financial Services helped recover more than $253 million for Floridians during 2013. The recoveries were made possible by investigative and consumer-driven efforts led by the divisions of Agent and Agency Services and Consumer Services, along with the Bureau of Unclaimed Property. more »
BOSTON – February 27, 2014 – (RealEstateRama) — A Florida man was sentenced today to serve 13 months in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme.
United States Attorney Carmen M. Ortiz, Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, and Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy Romero made the announcement. more »
WASHINGTON, D.C. – February 21, 2014 – (RealEstateRama) — Two Florida men were sentenced today to serve 84 months in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme.
Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Carmen M. Ortiz of the District of Massachusetts and Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy Romero made the announcement. more »
ORLANDO, Fla. – February 20, 2014 – (RealEstateRama) — Lee & Associates, the largest broker-owned commercial real estate firm in the country, has brokered the $7.65 million sale of the Atrium Tower office building in Orlando, Fla.
Robbie McEwan, CCIM, vice president at Lee & Associates Central Florida, represented the buyer, Atrium Universal, LLC, in the transaction. Douglas Mandel of Marcus & Millichap represented the seller, 7680 Universal Boulevard Holdings, LLC. more »
TAVARES – February 17, 2014 – (RealEstateRama) — The Lake County Public Works Department is announcing that Alfred Street from State Road 19 to Sinclair Avenue in downtown Tavares will re-open to traffic on Tuesday, Feb. 18.
Storm pipe installation will continue down Caroline Street. There will be a two to three day period when Sinclair Avenue will be closed at the intersection of Caroline Street in the coming weeks. Detour signs will be placed accordingly to direct traffic through the area. more »
TALLAHASSEE, Fla. – February 10, 2014 – (RealEstateRama) — As a result of an inquiry by Attorney General Pam Bondi on behalf of Florida homeowners, D. R. Horton, Inc. is sending letters to approximately 18,000 Floridians notifying them that they have the option to receive their mineral rights. To qualify, a homeowner must have purchased the home from D. R. Horton and must still reside in the home. more »
TAVARES – February 10, 2014 – (RealEstateRama) — All offices of the Lake County Board of County Commissioners, Clerk of Courts, Property Appraiser, Supervisor of Elections and Tax Collector will be closed Monday, Feb. 17 for Presidents Day. Offices will reopen with regularly scheduled hours on Tuesday, Feb. 18. more »
WASHINGTON, DC – February 10, 2014 – (RealEstateRama) — Congressman Joe Garcia joined House Democrats as they attempted to use a procedural move to bring a strongly bipartisan flood insurance reform bill, the Homeowner’s Flood Insurance Affordability Act, to a vote. more »
Maitland, Fla. – February 10, 2014 – (RealEstateRama) — Congressman John L. Mica announced: “With NASA’s changing mission, the House Oversight panel that I chair will convene at Kennedy Space Center on Monday to review plans for putting vacant buildings and excess property to their best and most productive use. We will hear from the top officials at Kennedy Space Center, Cape Canaveral Air Force Station, Port Canaveral and Space Florida. more »
WASHINGTON, D.C. – February 6, 2014 – (RealEstateRama) — The Florida Association of Public Insurance Adjusters (FAPIA) today released the following statements in reaction to the recent reported arrests in connection with the insurance fraud investigation, “Operation Flames and Flood”. The two public adjusters arrested were not and have never been members of the Florida Association of Public Insurance Adjusters (FAPIA). more »
WASHINGTON, D.C. – February 6, 2014 – (RealEstateRama) — Congressman Ander Crenshaw, Chairman of the House Financial Services and General Government Appropriations Subcommittee, today( 2/5) announced his support for the Disaster Savings Account Act (HR 3989) – legislation allowing for the creation of tax-free savings accounts for homeowners to set aside up to $5,000 to strengthen their homes against hurricanes and other disasters. more »
Washington, DC – February 4, 2014 – (RealEstateRama) — Congresswoman Lois Frankel today called on the House to consider the bipartisan bill the Senate passed last week to delay flood insurance premium rate hikes by four years for homeowners.
Frankel joined colleagues in supporting a procedural vote that would have allowed Democrats to bring the Senate legislation to the floor. The measure failed. more »
TALLAHASSEE – February 4, 2014 – (RealEstateRama) — CFO Jeff Atwater today announced the arrests of 14 individuals following a joint investigation between the State Fire Marshal’s Office and the Miami-Dade Police Department’s Arson Unit. “Operation Flames and Floods,” as it was termed upon its inception in November 2012, exposed an extensive scheme to defraud several insurance companies by staging fire and water damage claims to residential homes in Miami-Dade County, Lehigh Acres and Naples. The losses exceeded several million dollars after 13 homes were set on fire and five more reported extensive water damage. more »
WASHINGTON, D.C. – February 4, 2014 – (RealEstateRama) — Phil Kean, president of Phil Kean Design Group in Winter Park, Fla., has been honored as the Custom Builder of the Year by the National Association of Home Builders (NAHB).
The award was presented at a luncheon today in Las Vegas as part of the events taking place during this week’s NAHB International Builders’ Show (IBS). The annual award is sponsored this year by Sherwin-Williams. more »