Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.
Nelson said during a stop in Tallahassee that he has written the inspector general of the federal Troubled Assets Relief Fund, or TARP, to look into what he called “mismanagement and inaction by Florida officials” in administering a program called “Hardest Hit,” which was supposed to take federal money and help struggling homeowners.
Have we returned to a normal market? No yet, writes Toby Tobin, but in a bullish analysis of Palm Coast’s and Flagler County’s current housing markets, he expects momentum to build into 2013, with all segments of the market are rising.
Palm Coast City Council member Jason DeLorenzo on Tuesday questioned the veracity of City Manager Jim Landon’s numbers and his “backroom” style while making the case for a two-year moratorium for impact fees on new construction in the city in a rare, direct and sustained public challenge to the assuming city manager.
Whether you call them impact fees, taxes or hidden taxes, they’re a Florida and Flagler County reality. An explanation and definition of impact fees with a local rate schedule by city and county.
Sales of single family homes in Flagler were up 9.5 percent in August over a year ago, 10.8 percent across Florida, while pending sales have skyrocketed in further signs of health for the battered housing sector, even as prices still stagnate.
“Bankruptcy” and “exciting news” don’t usually go together well in the same conversation. But a recent ruling by a federal court is giving Florida homeowners a window of opportunity to strip off a second mortgage, argues consumer attorney Lewis Roberts.
Don Tobin, better known as Toby, is the most recognizable name among those declaring interest in a position four Palm Coast City Council members will fill by their appointment come November. Tobin’s focus is real estate, economic development and city-county relations.
Home sales have yet to kick up in Florida, where sales fell slightly in April, but Realtors are quick to say that median price and pending sales rose dramatically as the inventory of homes available for sale keeps shrinking.
Prompted by tumbling property values and a large number of sub-prime loans, Florida has also been slow to get back on its feet because of a foreclosure process that on average takes more than two years to complete, according to report by a Washington -based coalition that is tracking the nation’s housing recovery.