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South Florida at bottom for middle class to afford a home
Source: Sun Sentinel South Florida ranks at the nation’s bottom for offering the American Dream to the middle class, when it comes to buying a house, according to a new study released Wednesday. South Florida comes in 22nd of the 25 largest U.S. metro areas for a median-income family’s ability to buy a home, reported…
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South Florida’s moderate income families pay nearly 3/4 of income for housing, transportation
Source: Sun Sentinel South Florida is the least affordable of the nation’s 25 largest metro areas for moderate income households struggling to pay for housing and transportation, according to a new study released Thursday. Read more…
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Pam Bondi: Foreclosure Claims Forms Soon in the Mail
Source: Sunshine State News Notices have been sent to approximately 167,398 Florida borrowers that lost their homes to foreclosure between the start of 2008 to the end of 2011 that they could be part of a large class settlement, Attorney General Pam Bondi announced Monday. Read more…
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South Florida homeowner has $570,100 mortgage forgiven by bank
Source: Palm Beach Post A client of Wellington foreclosure defense attorney Malcom Harrison may have cringed when he saw the Bank of America envelope in his mailbox. Instead, he’s more than half-a-million dollars out of debt. Read more…
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Palm Beach County home sales up in August as inventory shrinks
Source: Palm Beach Post Two blocks off the Georgia Avenue industrial corridor in West Palm Beach, the little sand-colored house for sale on Franklin Road is nothing special — cracked up driveway, mildewed roof, Flamingo pink tile in the bathroom. Read more…
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Lenders allow more short sales; foreclosure sales down in Palm Beach County
Source: Palm Beach Post The number of homes purchased in a short sale surpassed foreclosure buys in Palm Beach County during the first half of the year, more evidence banks are avoiding lengthy court proceedings and trying to comply with the Nationwide Mortgage Settlement, experts said. Read more…
