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Tag: reo

Friday Round-Up; Foreclosure Settlement Signed; Oversight Begins; Palm Beach Foreclosures Jump; Feds Offer REO Rental Rules

Fri Apr 6, 2012 by on Florida Law News

Judge Signs $25 Billion Foreclosure Settlement It’s finally official. The so-called $25 billion foreclosure settlement has been signed off by a federal judge. This comes after the settlement was filed in court last month. DC District Judge Rosemary Collyer did the honors Wednesday. I won’t rehash my thoughts about what’s good and what’s bad about this settlement. Everything that needs […]

Deep Cleanings for Foreclosures

Many people may be hesitant to believe that business is booming, but there is a particular profession that is; namely, Property Preservationists for distressed properties. As reported in the August 13th Sun-Sentinel, foreclosures have tripled across the nation since 2005. More and more of these properties are becoming REOs, or “real estate owned,” meaning the bank holds the deed. Before […]

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