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Underwater Mortgages Are Huge Problem Per New Zillow Negative Equity Report: Will Florida Banks and the Powers That Be Do More for Florida Home Owner Short Sales and Loan Modifications?

Today, Zillow.com released its research study on the United States’ housing market, “Zillow Negative Equity Report,” and it’s not good news for anyone.  From the Zillow experts, in the first three months of 2012: 31.4 percent of U.S. homeowners...

Bank of America New Short Sale Program: Offering Relocation Expense Coverage to the Seller In Varying Amounts – How Good Is This Deal for Florida Homeowners?

There’s a lot of news coverage this week about the announcement by Bank of America that it is introducing a new short sale program to help Florida homeowners in trouble with their mortgages.  Across the country and in Florida, Bank of America itself (BofA) is...

What is Force-placed Insurance or Lender-Placed Insurance? It’s Not Good for Florida Home Owners. Here’s Why.

Where will all the strings of Foreclosure Fraud end?  Who knows, because more and more issues just keep popping up from the huge mortgage fraud mess in Florida and across the country.  The latest?  Forced-placed insurance, also known as Lender-placed insurance, and...

New Florida Condo Law Gives Builders and Developers Break on Responsibility for Flaws in Roads, Sewers, and Other Infrastructure in Florida Communities and Condo Projects

Florida condo owners along with home owners’ associations (HOAs) and community associations and the like better get ready:  the legislation that we have been monitoring regarding common area implied warranties for Florida builders and developers just got signed...