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South Florida foreclosure discounts shrinking
Source: Palm Beach Post Buying a South Florida foreclosure isn’t the slam dunk steal it once was, according to a new report that found shrinking discounts on distressed properties. Read more…
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Pam Bondi: Mortgage Settlement Money Isn’t for State Employee Pay Raises
Source: Sunshine State News Attorney General Pam Bondi is adamant that a $334 million mortgage settlement sitting in escrow since February will go to distressed Florida homeowners, not to state employees for pay raises. Read more…
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Lower-priced home inventory down 33 percent in South Florida
Source: Palm Beach Post The inventory of homes for sale at $105,600 or less dropped 33 percent in South Florida during the past year, making it difficult for first-time buyers to find properties. Read more…
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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…
