FORECLOSURESHomeowners facing foreclosure could find help in an unlikely place - the company that insures their mortgage. Some PMI companies, like Genworth Financial, are helping to keep loans from failing, and Florida is one of the states where the company has been most successful. In the past y
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11/26/2008
FORECLOSURESThere could be new meaning to "home for the holidays." Gov. Crist said Monday he's considering a temporary freeze on housing foreclosures in Florida to provide some holiday relief from housing and financial turmoil.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-11
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11/25/2008
ORLANDO, Fla. - Nov. 24, 2008 - For the second month in a row, Florida's existing home sales rose in October, with Florida Realtors® reporting a 15 percent increase in activity in the year-to-year comparison; last month's sales of existing condos statewide increased 5 percent in the year-to-year
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11/24/2008
Mortgage giants Freddie Mac and Fannie Mae will suspend foreclosures and evictions for owners of occupied homes through the holidays - the latest effort to keep people in their houses.Read the Full Story: http://www.floridarealtors.org/NewsAndEvents/n2-112108.cfm
11/21/2008
The increase in the number of short sales throughout the state prompted two legal questions from Mike Richardson, Association Executive of the Naples Area Board of Realtors. FAR's General Counsel Randy Schwartz responds:Q: If a real estate licensee lists a property at a below market price he know
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11/20/2008
FINANCIAL BAILOUTTreasury Secretary Henry Paulson defended his management of the $700 billion federal rescue program just one week after the administration officially abandoned its original strategy of buying toxic mortgage assets from financial institutions. Paulson told federal lawmakers that t
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11/19/2008
FORECLOSURESSaying he wants to break "the wall of silence" between lenders and homeowners, 12th Circuit Chief Judge Lee Haworth soon will require them to discuss possible ways of avoiding foreclosure before it actually happens. Haworth says the new Homestead Foreclosure Conciliation Program likel
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11/18/2008
HOME SALESFollowing higher sales activity in September, Florida's existing single-family homes rose 5 percent in the third quarter compared to the same period last year, according to FAR's latest housing statistics. Says FAR President Chuck Bonfiglio, "Despite lending restrictions and the difficu
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11/18/2008
FREDDIE MACAfter posting a big quarterly loss, Freddie Mac is asking for an initial injection of $13.8 billion in government aid - the first request to tap into the $200 billion promised by the Treasury Department to keep it and sibling mortgage finance company Fannie Mae afloat.Read the full sto
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11/17/2008
HOUSING MARKETWhile overall national home prices and sales are down, there are pockets in the U.S. doing well. Among them are military towns dominated by big bases, helped by steady wartime employment.http://www.floridarealtors.org/NewsAndEvents/n3-111408.cfm
11/14/2008
