~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 »
EUSTIS – April 15, 2014 – (RealEstateRama) — The Lake County Solid Waste Division is encouraging Lake County residents to dispose of unwanted household hazardous materials in a safe and environmentally conscious way at an upcoming collection event. The county’s Household Hazardous Waste Mobile Unit will be collecting items from 9 a.m. – noon on Thursday, April 24 at the Eustis Square Shopping Center, located at 218 W. Ardice Ave., Eustis. more »
TALLAHASSEE – April 14, 2014 – (RealEstateRama) — Chief Financial Officer Jeff Atwater issued a statement following the passing of HB 743 by the House Regulatory Affairs Committee, moving the bill closer to a vote before the full Florida House. more »
WASHINGTON, D.C. – April 1, 2014 – (RealEstateRama) — Seven individuals have been indicted in the Southern District of Florida for their alleged participation in a mortgage fraud scheme in the Miami area.
The charges were announced by Acting Assistant Attorney General David A. O’Neil of the Justice Department’s Criminal Division, Inspector General David A. Montoya of the Department of Housing and Urban Development and Acting Inspector General Michael P. Stephens of the Federal Housing Finance Agency’s Office of the Inspector General. more »
CLERMONT – March 20, 2014 – (RealEstateRama) — The Lake County Solid Waste Division, in partnership with the Lake County Sheriff’s Office, is encouraging Lake County residents to dispose of unwanted household hazardous materials and medications in a safe and environmentally conscious way at an upcoming collection event. The county’s Household Hazardous Waste Mobile Unit will be collecting items from 9 a.m. to noon on Thursday, March 27 at the Lake County Sheriff’s Office South Substation, located at 15855 State Road 50, Clermont. more »
TALLAHASSEE, Fla. – March 18, 2014 – (RealEstateRama) — Today, Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, filed with the U.S. District Court for the District of Columbia final credit reports on Bank of America, Chase, Citi, Rescap, and Wells Fargo announcing over $20 Billion in creditable relief to distressed homeowners. These reports confirm that the banks have satisfied their consumer relief and refinancing obligations under the Settlement. A summary report can be downloaded here, and a fact sheet is available here. more »
WASHINGTON, D.C. – March 17, 2014 – (RealEstateRama) — Tonight, the Senate passed the House version of the flood bill, the Homeowner’s Flood Insurance Affordability Act, by an overwhelming majority in a 72-22 vote. more »
TALLAHASSEE, Fla. – March 13, 2014 – (RealEstateRama) — Attorney General Pam Bondi today announced that the deadline for eligible Florida homeowners to receive the mineral rights under their properties which were originally reserved by home builder D. R. Horton, Inc. at the time of sale has been extended. In January, D. R. Horton notified approximately 18,000 homeowners that they had the option to request their mineral rights by submitting forms by Feb. 28. However, only about 25-percent of eligible homeowners have responded, so the deadline has been extended to no later than March 31, 2014. more »
Helping Lower Flood Insurance Premiums for South Floridians, Ros-Lehtinen Votes for the Homeowner Flood Insurance Affordability Act
“I’m proud to co-sponsor and vote for this legislation that will help make flood insurance more affordable.”
Miami, Florida – March 12, 2014 – (RealEstateRama) — Congresswoman Ileana Ros-Lehtinen voted for the Homeowner Flood Insurance Affordability Act. The bill, which Ros-Lehtinen co-sponsored, will work to make flood insurance more affordable for South Floridians and nationwide. Some of the bill’s notable provisions are: 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 »