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Florida joins in $25 billion foreclosure settlement

ByAdmin Admin2

It’s official. Florida Attorney General Pam Bondi signed off on the record $25 billion joint federal-state settlement agreement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing practices. Forty-nine of the fifty states have approved it, with Oklahoma being the lone hold out. According to the Florida Attorney General’s…

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Do We Need a “Bad Mortgage” Bailout Fund?

ByAdmin Admin2

South Floridians are acutely aware of the foreclosure meltdown. We’ve all had family, neighbors, or friends who have been affected. We’re not alone though. Many parts of our country are still reeling from the foreclosure crisis, and we’re not even close to seeing the light at the end of the tunnel. Foreclosure cases continue to…