The owners of about 80 Homestead houses will get their day in court, hoping to get the money they want to fix the emotional and physical damage they have experienced because of defective imported drywall. Although this went to court, some of the houses in the neighborhood, constructed by the same builder showing all the [...]
The US Department of Housing and Urban Development awarded an additional $208,437,144 in funding to Florida communities to fight against the effects of the foreclosure crisis, the third round of funding through HUD’s Neighborhood Stabilization Program. "We want to make certain that we target these funds to those places with especially high foreclosure activity so [...]
Although South Florida area is part of the foreclosure belt the luxury market doesn’t seem to be affected as much as assumed to be. In Miami and across Florida you can find cheap house listings, but the luxury condominium market in several areas of the state are recording an upsurge. This might sound a [...]
According to a recent study published by CondoVultures, Fort Lauderdale area experienced the biggest number of foreclosure filings since the housing market collapsed in 2007 in the tricounty South Florida region. There were a total of 110,000 foreclosure filings in Broward County only – where Fort Lauderdale is located – and this number reflects the [...]
According to a report released by Condo Vultures the milestone number of 250,000 foreclosure actions initiated by lenders have been exceeded. The counted the Lis Pendens or notices of default against properties in the tricounty South Florida region since the recession started. The milestone number of 250,000 foreclosure filings was reached on Friday, Aug. 27, [...]
