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Renters, be aware: Foreclosure maneuver affects you
Source: Palm Beach Post Cunning South Florida real estate investors are buying titles to homes on the cheap through community association foreclosures then renting them out until the bank catches up. Read more…
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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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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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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…
