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How Force Placed Insurance Can Force You Into Foreclosure: Another Lender Abuse That Pushes Florida Homeowners Into Losing Their Homes

For those fighting to keep their homes in Florida and elsewhere, every penny counts in the monthly budget.  It’s hard to write that monthly mortgage check, especially where it is a payment being made on an underwater mortgage.  Homeowners already on this...

Florida Mortgage Foreclosure Fraud Settlement Proceeds: $33 Million Diverted to Florida General Fund. Open Question: How Much of the Settlement Will Help the Average Florida Home Owner? Not Much?

Investigative reporting by ProPublica recently revealed that lots of state governments involved in the big Mortgage Foreclosure Fraud settlement between the Big Banks and the State Attorneys General have taken big chunks of the settlement monies for use in things...

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...