NEW YORK (Reuters) - Florida's highest court has ruled a homeowner cannot re-open a voluntarily dismissed foreclosure case despite allegations that the bank falsified documents, giving a win to banks in a closely watched ruling that could have affected thousands of cases in a state hit hard by the foreclosure crisis.
(3 months and 16 days ago)
The foreclosure bill — House Bill 87 — shortens the time period that banks can collect losses from five years to one; requires banks to produce the note at the time of the foreclosure; and allows lien holders, like a homeowner association, to initiate the foreclosure process.
(26 days ago)
State courts must deal with nearly 1 million foreclosure cases over the next three years. They need money from the Florida Legislature, not a bad bill.
(2 months and 13 days ago)
Banks are the biggest barriers to speeding the foreclosure process in Florida because they let cases linger in the courts and continue to present flawed documents, the state courts administrator told a Senate subcommittee this week.
(2 months and 19 days ago)
Foreclosure auctions hit a 30-month high in April nationwide and jumped 55 percent in Florida from last year as banks and courts move more quickly to repossess homes.
(17 days ago)
Florida ranked first in foreclosure activity for the fifth consecutive month in January as new mortgage defaults and foreclosure auctions skyrocketed in Palm Beach County.
(3 months and 10 days ago)
The revelation that big U.S. banks made more foreclosure mistakes than regulators disclosed is leading to fresh scrutiny of the government's handling of investigations into banks' mortgage practices.
(2 months and 24 days ago)
Banks are getting tens of millions of taxpayer dollars through Florida’s key foreclosure prevention program to pay down borrower debt, but are also using the money to pay off their own attorney’s fees and other costs associated with taking back people’s homes.
(7 days ago)
Banks and mortgage companies have begun sending checks as part of a settlement with the government to compensate borrowers harmed by practices including excessive foreclosure fees and forged documents. Wyatt Andrews reports.
(1 month and 12 days ago)
According to real estate data-supplier RealtyTrac, U.S. foreclosure starts increased 2 percent from February to March, the second straight monthly increase following three consecutive monthly decreases. Florida, Nevada and Illinois posted the highest foreclosure rates for the first quarter, according to RealtyTrac's March and first quarter U.S. Foreclosure Market Report....
(1 month and 13 days ago)
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