Attorney General Bondi Announces that Qualified Borrowers Who Lost Homes to Foreclosure May Be...
TALLAHASSEE, FL - September 25, 2012 - (RealEstateRama) -- Attorney General Pam Bondi announced today that claim forms are going out to approximately 167,398 Florida borrowers who lost their home to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 and who may be eligible for payment under the $25 billion national mortgage foreclosure settlement.
Congresswoman Corrine Brown Proud to Announce Extension of Deadline to Apply for Compensation for...
August 3, 2012 - (RealEstateRama) -- Congresswoman Corrine Brown praised the announcement by the Office of the Comptroller of the Currency and the Federal Reserve Bank of an extension of the deadline to apply for cash or other compensation for faulty foreclosures from September 30 to December 31, 2012. To date, only 5% of eligible borrowers have applied.
Attorney General Bondi’s Office Obtains $462,500 to Provide Legal Aid to Low-Income Individuals Facing...
TALLAHASSEE, FlL - August 3, 2012 - (RealEstateRama) -- Attorney General Pam Bondi today announced that ProVest, LLC, one of Florida’s largest service processing firms, has agreed to pay $462,500 to the Florida Bar Foundation to continue the legal aid program that assists low-income individuals facing foreclosure. The settlement with ProVest resolves allegations regarding improper service of process in foreclosure cases filed in courts throughout Florida. Under this settlement, ProVest must follow certain business practices intended to ensure proper and lawful service of process in mortgage foreclosure cases filed in Florida
Two Individuals Convicted in Florida in Foresclosure Rescue Scheme
WASHINGTON, DC - August 3, 2012 - (RealEstateRama) -- The Department of Justice today convicted two defendants for their roles in a South Florida mortgage fraud scheme that took advantage of homeowners on the brink of foreclosure and left many without their homes.
HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR FlORIDA STORM VICTIMS
WASHINGTON, DC - July 6, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Tropical Storm Debby last month.
Florida REALTOR® Sean Farrer Says 2012 Tourism Boosting Key West Real Estate Market
KEY WEST, FL - March 26, 2012 - (RealEstateRama) -- Tourism will be the key to boosting the 2012 Key West Florida real estate market according to local REALTOR® Sean Farrer.
Former Bank Branch Finds Itself in a Bank Auction
Newport Beach, CA - March 9, 2012 - (RealEstateRama) -- After months and months of trying to sell a recently closed OneUnited Bank branch in Lauderdale Lakes with traditional approach, the property is now being offered in an online auction on the Freedom Realty Exchange (FRE.com). The bank-owned building, just a few miles from Fort Lauderdale, is projected to sell quickly because of three important factors; location, price and a very motivated seller.
Xena Vallone Realty Opens Pinellas County Office
CLEARWATER, FL - March 9, 2012 - (RealEstateRama) -- Xena Vallone Realty, a Sarasota, Florida-based residential and commercial real estate firm, has opened a Pinellas County office at 13575 58th Street N., Suite 200, Clearwater, FL 33760.
Attorney General Bondi’s Office Obtains Restitution for Victims of Loan Modification Scam
TALLAHASSEE, FL - February 15, 2012 - (RealEstateRama) -- Attorney General Pam Bondi announced that her office has secured restitution of $59,000 for approximately 430 consumers who were harmed by a foreclosure-related rescue service scam. The settlement resolves allegations that Home Owner Protection Economics, Inc., DC Financial Group, and Deleverage America, Inc., all based in Delray Beach, and owners Dennis Fischer and Christopher S. Godfrey illegally charged up-front fees for foreclosure-related rescue services, and failed to perform the services for which they were paid.
2012 Orlando Real Estate Market To Be Active Says Orlando Florida Real Estate Firm
Orlando, FL - February 3, 2012 - (RealEstateRama) -- While global financial markets continue to express uncertainty, one Florida real estate firm says the 2012 Orlando market is almost certain to be an active one.
Attorney General Pam Bondi Sues Two Foreclosure Management Companies for Defrauding Homeowners Facing Foreclosure
TALLAHASSEE, FL - January 5, 2012 - (RealEstateRama) -- Attorney General Pam Bondi filed a lawsuit and obtained a temporary injunction and limited asset freeze against two foreclosure management companies for misleading distressed homeowners. MGD Management, LLC, and CRS Marketing, LLC, both with offices in Broward County, marketed "strategic default" services which purported to keep the consumers in their homes "for free" for three years without paying the mortgage, taxing authorities, homeowners association, or home owners insurance.
Attorney General Pam Bondi Asks Fourth District Court of Appeal to Certify Important Foreclosure...
TALLAHASSEE, FL - December 30, 2011 - (RealEstateRama) -- Attorney General Pam Bondi today filed a motion asking the Fourth District Court of Appeal to certify that its recent decision in Law Offices of David Stern, P.A. v. State of Florida passes upon a question of great public importance. In Stern, the Fourth DCA held that the Attorney General’s Office lacked authority under the Florida Deceptive and Unfair Trade Practices Act (“FDUPTA”) to subpoena records of the Stern firm as part of an investigation into possible misconduct in the firm’s handling of foreclosure cases.
RETAIL BUILDING AND MCDONALDS GROUND LEASE PURCHASED FOR $2.6M
West Palm Beach, FL - November 21, 2011 - (RealEstateRama) -- CBRE is pleased to have facilitated the $2.6 million acquisition of 9835-9847 Okeechobee Boulevard on behalf of the buyer, Okeechobee 9847 LLC. The purchase includes a long-term ground lease with a free-standing McDonalds and a vacant 3,750-square-foot retail building.
Rep. Wasserman Schultz Statement on H.R. 358 the Protect Life Act
WASHINGTON, DC - October 17, 2011 - (RealEstateRama) -- Rep. Debbie Wasserman Schultz (FL-20) made the following statement about H.R. 358, the Protect Life Act. “When I talk with women in my district, they are concerned about finding a job, keeping their home from foreclosure, or putting food on the table. The last thing they should have to worry about is having their constitutional rights threatened, or their health endangered.
Maintaining Dominant Market Position
Winter Springs, FL - October 17, 2011 - (RealEstateRama) -- Real estate marketing has shifted from newspapers, classifieds, and brochures to websites, online classifieds, and videos. Nearly 90% of homebuyers begin their home search online, so there is no question as to where we [Realtors] have shifted our marketing efforts.
Most Neighborhoods Affected by Foreclosures
Destin , FL - July 12, 2011 - (RealEstateRama) -- An overwhelming majority of respondents surveyed feel that the foreclosure crisis is directly affecting their neighborhoods in the U.S., according to a new Housing Predictor poll. That’s the way Americans feel about the massive foreclosure crisis, which has forcibly taken the homes of more than 7-million U.S. homeowners and is forecast to force at least another 8 million homeowners out of their homes. An estimated 4 million residential properties are currently either in the formal foreclosure process or are more than 60 days in default on mortgages.
Majority Say Banks Should Pay Foreclosure Victims
Destin, FL - June 27, 2011 - (RealEstateRama) -- Homeowners who have suffered through illegal foreclosures to become victims at the hands of bankers should be financially compensated by the lenders, according to a new Housing Predictor opinion poll.
Online Real Estate Auctions Becoming More Popular
Newport Beach, CA - June 1, 2011 - (RealEstateRama) -- Bringing a property to market is easy, trading that property however can be difficult, especially in a depressed market. Yet there are a growing number of real estate professionals who are expanding their service offerings to compete and succeed in such conditions.
Local Housing Organization Helps South Florida’s Hardest-Hit Residents
Miami, FL - May 16, 2011 - (RealEstateRama) -- During the ongoing housing crisis, more that 54,000 South Floridians have been faced with foreclosures and have had to make the tough choice as to whether to fight to save their homes or walk away. Residents stuck in upside-down mortgages are often not aware of their available options when faced with foreclosure proceedings and can be more susceptible to loan modification scams; miss out on mortgage aid opportunities and, as consequence, lose their homes which could have been prevented.
Survey Shows Split Results on Foreclosure Mess
Destin , FL - May 16, 2011 - (RealEstateRama) -- A new Housing Predictor survey reveals that Americans are almost amazingly as divided as Congress on how to handle the growing foreclosure crisis. And a large portion of them say that the U.S. government should just let homeowners in default on mortgages get foreclosed.