Jacksonville Real Estate Market

Jacksonville, Florida

Refi’s in Big Bank Foreclosure Settlement: Not Worth It

Despite the furor, the threats, and the big bank blame game, there is still no settlement between the “robo-signers” and the fifty state attorneys general who promised payback for borrowers. Now, as talks are allegedly in their final phase, according t…

Broward County Banks Raising REO Prices

A recent analysis report released related to bank foreclosure data for the 2010 year showed that in Broward County, Florida, of the 5,067 local foreclosure listings active marketed for re-sale, 71% are owned by banks. These Broward County bank foreclosures are listed at prices across a range of nearly $20 million. Going on the record, […]

Odd Foreclosure Phenomenon May Be Telling of Bank Tactics

Foreclosure filings were reported on 332,172 properties in October, according to RealtyTrac. That’s a 4 percent drop from the previous month and unchanged from October of 2009. While notices of default, the initial stage of the process, fell about 2 pe…

Unexpected Cities See More Homes Go Back to the Bank

Foreclosure “actions” in Q3, which include anything from default notices to bank repossessions, rose in 65 percent of the nation’s top 200 housing markets.

Bank of America’s Big Freeze Chills Housing Recovery

Bank of America extended its foreclosure freeze to all 50 states as it continues internal “assessments” of its foreclosure practices. “Our ongoing assessment shows the basis for our past foreclosure decisions is accurate,” reads their statement.

Big Bank Foreclosure Delays Signal Big Trouble

“I would suspect that most responsible lenders are going to be looking at their processes and making sure that they’ve done everything properly, so they’re not subject to the same accusations and lawsuits,” says Laurie Maggiano, Policy Director in the …

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