Fri Sep 30, 2011 on Blog & Florida Real Estate
The Florida housing bust continues to be the unwanted gift that keeps on giving. This time, the surprise, that really isn’t, is the number of suspected mortgage fraud cases has jumped up nearly 88% this second quarter as reported by the Wall Street Journal. Earlier this year I noted the Florida foreclosure backlog was once again reduced to a crawl […]
Tue Sep 27, 2011 on Blog
Weston Title is committed to bringing readers the latest news feeds on mortgages, real estate financing and Florida housing trends. Fannie Mae has come under government scrutiny once again regarding its dealings with Bank of America. A Wall Street Journal article details an accusation made by Rep. Darrell Issa (R. California) that Fannie Mae provided a backdoor bailout when it […]
Fri Sep 23, 2011 on Blog
Weston Title serves as a source of news for South Florida real estate and we wanted to share this chart illustrating South Florida residential inventory. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property […]
Wed Sep 14, 2011 on Blog
Florida remains in the number two spot for the United States with highest rate of foreclosed homes. Despite the fact that mortgage rates are the lowest they have ever been, currently 4.12%, people are not taking advantage to refinance their homes. In spite of a government program called Home Affordable Refinance Program (HARP) that was specifically designed to help underwater […]