After almost a year of month-to-month declines, new foreclosure starts in Florida rose in July. The research firm Realty Trac reported last week that foreclosure starts increased 16 percent in July from the previous July. Florida had the nation’s highest …
New York financial regulators have reached a settlement with Ocwen Financial Corp. requiring the nation’s largest subprime mortgage servicer to reform its practices and provide $150 million to help struggling New York homeowners. The consent order requires William Erbey to …
New York has an estimated 15,000 homes that have been abandoned by owners after receiving foreclosure notices. With no one taking care of the properties they often fall into disrepair, hurting surrounding neighborhoods and putting a drain on local governments. …
A University of Alabama study has found that the April 2011 tornado didn’t severely impact home foreclosures in the Tuscaloosa area. Sociologist Bronwen Lichtenstein says researchers noted a slight decrease in foreclosures after the tornado. She and associate professor Joseph …
A national survey found 301,874 “zombie” properties dotting the U.S. landscape in which homeowners in foreclosure have moved out, leaving vacant property susceptible to vandalism and degradation. Florida tops the list of zombie properties with 90,556 vacant homes in foreclosure, …
Florida’s consumer advocate is calling for an investigation into insurers using homeowners’ past credit history to deny claims and cancel policies even though the homeowners have paid premiums for years. Florida Consumer Advocate Robin Westcott said some property insurers are …
