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Florida Property Insurance Hikes – Is This the Last Straw for Many Florida Homeowners With Underwater Mortgages?

In yesterday’s Miami Herald, there is a report of a St. Lucie West homeowner who just received his property insurance premium bill and discovered that it has jumped from $1092 to $2715; the news story does the math – that is a 152% increase for this...

Appraisal Fraud Whistleblowers Urged to Come Forward by National Consumer Advocacy Group

Appraisers providing bad appraisals due either to negligence or outright fraud are finally being recognized as one of the major contributors to the huge foreclosure fraud crisis in Florida and the rest of the country.  By providing artificially high appraisals, the...

One Billion in Foreclosure Aid via New Emergency Homeowner’s Loan Program (EHLP) NOT Available to Hurting Floridians Facing Foreclosure

10/16/19 Update: Florida’s Hardest Hit Program Is Closed – See this link. However, to get help with Foreclosure Defense, click here. This week,  the federal government debuted the Emergency Homeowner’s Loan Program (EHLP) with $1 billion of federal monies in its...

89 Different Florida Appraisers Are Listed in FDIC’s Claims of Fraudulent Appraisals in Lawsuit against Lender Processing Service: Is Your Appraiser on the List?

In the pleadings filed in the lawsuit filed by the FDIC against Jacksonville’s Lender Processing Services, it has become part of the public record that 89 different Florida appraisers are listed by name as being involved in this lawsuit, and out of those 89...

Miami Foreclosure Courts Tighten the Financial Belt – Judges Try to Find Frugal Ways to Keep Up with Foreclosure Filings Without Rocket Docket

Around two weeks from now, on July 1, 2011, things will be very different down at the foreclosure courts for Miami-Dade County.  Seems the Great Recession has hit the judicial system here in Florida, just like everyone else, and they must make do with less funds now...

Feds Awaken to Widespread Appraisal Fraud as FDIC Sues, Alleges Florida Appraiser LPS Appraisals Wrongfully Inflated Values

Knowing that inflated appraisals is a part of the reason that Florida real estate is in such a huge, horrible mess isn’t news to many who are following events in the local real estate market.  However, now it appears that the federal government is taking notice....