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New York takes on banks’ foreclosure tangle in lawsuit
Source: Post
Feb 3, 2012 5:51 pm
New York Attorney General Eric T. Schneiderman filed a lawsuit today against several of the nation’s largest banks, charging that the use of a private centralized mortgage registry system resulted in a “wide range of deceptive and fraudulent fore…
Foreclosure mill probe ends in Florida, Bondi to seek alternatives
Source: Post
Feb 3, 2012 1:25 pm
Florida’s once-heralded foreclosure mill investigations have fizzled as the attorney general’s office has failed to find the right strategy to continue its pursuit and three law firms call for the cases to be dismissed. This week, an atte…
Ask a real estate pro: Will Obama's new mortgage plan make a difference?
Source: Sun-Sentinel
Feb 3, 2012 12:45 pm
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click here…
Bondi’s foreclosure mill request denied, investigation stalled
Source: Post
Feb 2, 2012 5:51 pm
Florida Attorney General Pam Bondi’s request for the state Supreme Court to weigh in on failed bids to investigate foreclosure mills has been denied. Bondi had asked in December that the 4th District Court of Appeal, which had quashed subpoenas aga…
Trulia.com: House hunters still flock to Florida
Source: Sun-Sentinel
Feb 2, 2012 3:00 pm
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Bank settlement deadline pushed back, Monday new cutoff
Source: Post
Feb 1, 2012 8:25 pm
The settlement agreement between the nation’s attorneys general and its five largest banks was supposed to be a done deal or DOA by Friday, but the deadline has been pushed back until Monday. Geoff Greenwood, a spokesman for Iowa Attorney Gener…
Miami man charged with submitting fraudulent PIP claims
Source: Sun-Sentinel
Feb 1, 2012 4:44 pm
From Staff Writer Doreen Hemlock: A top Florida official Wednesday announced an arrest for alleged Personal Injury Protection (PIP) fraud, as the Scott administration revs up its campaign for a new PIP auto-insurance law. Florida Chief Financial …
Mortgage writedowns to increase under revised HAMP?
Source: Sun-Sentinel
Feb 1, 2012 4:24 pm
The government late last week announced changes to its main foreclosure prevention initiative, the Home Affordable Modification Program. One big change: The U.S. Treasury now will triple the financial incentives for lenders that forgive a portion …
2012: There's a lot coming for Orlando tourism
Source: Sentinel
Feb 1, 2012 4:18 pm
There's a lot coming to Orlando's tourism scene this year, and Visit Orlando has a nice refresher in their Spring update email. Here's their roundup of the upcoming projects:
Government rental program announced
Source: Post
Feb 1, 2012 2:00 pm
The Federal Housing Finance Agency announced this morning its plan to allow investors to buy foreclosed homes in bulk and then turn them into rental properties. The plan, first discussed in August, will begin in the nation’s hardest hit metropo…
Case-Shiller index: Home prices continue to fall
Source: Sun-Sentinel
Jan 31, 2012 3:15 pm
Home prices fell in South Florida and across most of the nation in November, according to the Standard & Poor’s/Case-Shiller home price index released Tuesday. Prices in Palm Beach, Broward and Miami-Dade counties declined 0.5 percent from Octob…
Report: Foreclosure lawyer Stern has a stake in hamburgers
Source: Sun-Sentinel
Jan 30, 2012 11:10 pm
David Stern, whose Plantation law firm was at the heart of the “robo signing” foreclosure scandal, now is investing in hamburgers, The Palm Beach Post reports. Stern has thrown money behind a company that owns Five Guys Burgers and Fries franc…
Investment group buys Delray Beach rental communities
Source: Sun-Sentinel
Jan 30, 2012 11:00 pm
A pair of Delray Beach apartment complexes two miles apart have changed hands. Acumen Real Estate, an Aventura-based investment group, bought Water’s Edge and The Fountains at Delray Beach. The properties have a combined 297 units and are 95 per…
Fiserv: Broward home prices to fall through late 2013
Source: Sun-Sentinel
Jan 30, 2012 7:52 pm
Home prices in Broward County will continue falling through much of 2013, financial services firm Fiserv said in a report released Monday. Broward prices are projected to drop by 10.2 percent through September of this year and then 3.4 percent thr…
Disney's newest ship to debut in New York
Source: Sentinel
Jan 30, 2012 3:30 am
The Walt Disney Co. 's fourth cruise ship will be the first one christened outside of Central Florida.
Orlando's Wet 'n Wild to add playground for younger set
Source: Sentinel
Jan 27, 2012 8:07 pm
Wet 'n Wild became the latest Central Florida park to target the young kids demographic Friday, with an announcement that its first new attraction in more than four years will be a giant water playground.
Ask a real estate pro: Why bother with a short sale?
Source: Sun-Sentinel
Jan 27, 2012 11:00 am
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click he…
RealtyTrac: Distressed homes account for 22 percent of Broward sales
Source: Sun-Sentinel
Jan 26, 2012 8:14 pm
South Florida looks more like the rest of the country when it comes to distressed home sales, but the trend may not last, analysts say. Homes and condominiums in some stage of foreclosure accounted for 22 percent of all Broward County sales in the…
From foreclosure king to burger king: Stern buys into Five Guys
Source: Post
Jan 26, 2012 8:00 pm
David J. Stern, whose Plantation-based law firm once handled the largest share of foreclosure cases in Florida, has invested in a company that owns franchises of Five Guys Burger and Fries. Stern’s attorney, Jeff Tew, confirmed the investment t…
Foreclosure King to Burger King, Stern buys into Five Guys
Source: Post
Jan 26, 2012 7:00 pm
David J. Stern, whose Plantation-based law firm once handled the largest share of foreclosure cases in Florida, has invested in a copmany that owns franchises of Five Guys Burger and Fries. Stern’s attorney, Jeff Tew, confirmed the investment t…
2011 new home sales hit record low
Source: Post
Jan 26, 2012 5:00 pm
Last year marked the sixth in a row for record low new home sales nationwide, hitting a mark not seen since measurments began in 1963. According to a report released today by the Commerce Department, the non-seasonally adjusted sales for 2011 were 30…
California rejects foreclosure settlement partly brokered by Florida’s Bondi
Source: Post
Jan 26, 2012 2:25 pm
California Attorney General Kamala Harris said she is rejecting the 50-state attorneys general settlement sent to states on Monday for review. The Sacramento Bee reported this morning that the deal, brokered, in part, by Florida Attorney General Pam …
Clematis gets three new eateries
Source: Post
Jan 25, 2012 9:26 pm
Clematis Street in downtown West Palm Beach is boasting three new restaurants whose real estate deals were brokered by The Keyes real estate firm. The three deals include leases for two different types of Oriental restaurants and a self-serve yougurt…
Deion Sanders stars in Century 21 Super Bowl ad
Source: Sun-Sentinel
Jan 25, 2012 11:00 am
Another sign that the housing market is bouncing back: Century 21, the iconic real estate company, is spending serious coin on a Super Bowl commercial. The ad will run in the third quarter of the Feb. 5 clash between the Giants and Patriots. The 3…
Disney to base cruise ships in Europe, Miami
Source: Sentinel
Jan 24, 2012 8:25 pm
The Walt Disney Co.'s cruise line will send one ship back to Europe and try sailing another out of Miami next year, as it spreads out its soon-to-expand cruise fleet.