Category: Real Estate Law

Lenders preying on veterans also hurt other homebuyers

WASHINGTON – Feb. 16, 2018 – Could predatory lending practices affecting veterans also be inflating interest rates paid by thousands of unsuspecting homebuyers using FHA loans? The answer appears to be yes ­ and the underlying abuses in home loans to veterans are prompting action by federal authorities and legislation on Capitol Hill. Here’s what’s [..]

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Court ruling overturned in ‘Assignment of Benefits’ case

TALLAHASSEE, Fla. – Feb. 12, 2018 – As state lawmakers continue to grapple with the controversial insurance practice known as “assignment of benefits” (AOB), an appeals court Friday backed a restoration company in a breach-of-contract lawsuit involving the issue. A three-judge panel of the 5th District Court of Appeal overturned a lower-court decision and ruled in [..]

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Wave of foreclosures expected in February

MIAMI – Nov. 14, 2017 – Housing experts worry that millions of foreclosures will surface in Florida, Texas and Puerto Rico after recent hurricanes forced owners from their homes. Many lenders extended grace periods for affected customers, but consumer advocates fear that many will simply walk away from their mortgages once that grace period ends. [..]

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Hurricanes could hit mortgages more than predicted

MIAMI – Sept. 22, 2017 – The impact of the recent hurricanes Harvey and Irma on mortgages could be worse than predicted, according to new estimates from Jacksonville-based Black Knight Financial Services. Black Knight data suggests that as many as 300,000 borrowers in Houston could become delinquent on their loans, and 160,000 could become seriously [..]

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