Zombies, in this case, are zombie properties – vacant and abandoned homes that are not maintained during prolonged foreclosure proceedings. They can become cancers in otherwise decent neighborhoods and end up costing taxpayers plenty.
On March 16, 2017, the Florida Supreme Court denied motions for rehearing and/or clarification filed by petitioners Lewis Brook Bartram, the Plantation at Ponte Vedra, and Gideon M.G. Gratsiani. All three petitioners requested the Florida Supreme Court reconsider or clarify its landmark November 3, 2016 opinion in Bartram v. Foreclosure News
The quarter-to-quarter increase in the mortgage delinquency rate is nothing to get excited about – yet, said a member of the Mortgage Bankers Association economics team. The seasonally adjusted delinquency rate for the fourth quarter was 4.8%, up 28 basis points compared with the third quarter and 3 basis points higher than the fourth quarter…
As sure as spring, each legislative session the issue arises of whether legal notices should continue, as a requirement, to be published in local newspapers. What are legal notices? You find them in the Classifieds section. Foreclosure News
The Great Recession was a period between 2007 and 2009 when the housing bubble burst and employment, GDP and the stock market plummeted for the longest period since World War II. The Great Recession was a period between December 2007 and June 2009 that saw the 2008 financial crisis, some of the worst unemployment rates,…
According to all the major literature on the matter, the likelihood of them keeping their houses once they went up for sale in the annual Wayne County Tax Auction was minuscule. While the auction was always a gamble, increased interest in recent years had caused a general uptick in final sale prices. Foreclosure News
Several U.S. Senators have introduced legislation for a Military Consumer Enforcement Act that would seek to empower the Consumer Financial Protection Bureau to oversee and enforce compliance with the Servicemember Civil Relief Act . If passed and signed into law, the new act would amend the Consumer Financial Protection Act of 2010. Foreclosure News
