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Category: Florida Foreclosures

Friday Round-Up; Foreclosures Up Again, DeMarco Dances With Reductions; Bank Of America Sues Itself

Fri Apr 13, 2012 by on Florida Foreclosures

Foreclosures, repos up from last year in South Florida I said after the foreclosure settlement was announced that banks had been given the green light to rev up their foreclosures engines, and in South Florida at least, I’m being proven right. RealtyTrac’s numbers from last month show dramatic year-over-year increases in both new foreclosure filings (85%) and repossessions (39%) in […]

Foreclosure Settlement Filed; But Banks’ Crimes Go Largely Ignored

In the weeks after the mortgage settlement was announced by the Federal Government, I waited under baited breath to the see it in its entirety. Almost every week I read a different report stating the documents to finalize the settlement were about to be filed in court. And as each reported deadline came and went, I grew more and more […]

Florida Fair Foreclosure Act? Fair to Whom?

Banks need to get their massive foreclosure backlog off the books. There are over 368,000 cases in Florida. I get that. Getting these properties into the hands of families who can afford them, that is what I want to see. It’s needed to jump start the economy, and no one wants to see the banks out of the neighborhoods more […]

Friday Round-Up — Settlement Docs Weeks Away, Donovan Hopes Fannie and Freddie Come Around; Citi-Bank Settles Suit; Bank Approves Loan Modification, Then Forecloses

Fri Feb 17, 2012 by on Bank Fraud & Florida Foreclosures

AGs Weeks From Filing Foreclosure Settlement Documents Yesterday we expressed concern because we have yet to see the formal documents behind last week’s landmark $25 billion settlement, and it seems few people actually have. HousingWire reports, through an unnamed source, that federal prosecutors plan to file them in court by the end of the month. But of course herein lies […]

Eric Schneiderman: This Millennium's Elliot Ness?

We here at the South Florida Law Blog decided to clock in a few hours this weekend, because if we didn’t we’d probably fall behind President Obama’s new man-in-the trenches Eric Schneiderman. The New York Attorney General, only days into his appointment as the head of the newly-formed Residential Mortgage-Backed Securities Working Group has already issued subpoenas to 11 financial […]

Will Obama Target Housing Crisis During State Of The Union?

We really haven’t seen President Obama insert himself directly into the housing crisis, but there are rumblings that he may do just that during Tuesday’s State of The Union address. The fact is that is what homeowners have been clamoring for. A new USA TODAY/Gallup Poll found 58% of Americans want the government to do more to help people keep […]