Archive of Miami FL Foreclosures

Foreclosure Drove Brower County Woman to Suicide

One Brower woman made a life or death decision when she lost her home to foreclosure. The mortgage holder and movers came to repossess Heather Newnam’s home this past Monday. They all arrived at the house at 1 p.m., and informed her that she was being evicted.

Newnam said that she would leave the residence after she secured her dogs. When she never came out, SWAT was called to the scene to convince the woman to exit the [...]

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Bad Miami Foreclosures Situation Now Turns Worse with Loan Modification Scams

The Miami area is full of companies that are pushing promises of beating foreclosure by refinancing loans.  It has recently become an initiative in the area to ensure that these companies are in fact legitimate and are not adding to the already brutal situation that the local market finds itself in.

The Obama administration is leading the charge against “foreclosure rescue companies” that are preying on situations where consumers are doing anything possible to have a chance at not foreclosing a [...]

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Foreclosure, Short Sale and REO – What do these terms really mean?

I think we forget sometimes that not everyone is in the real estate business. We have seen terms pop up over the last couple of years that we think we know, and some we might have never heard of. I thought I would take a second and make sure we are all on the same page regarding the definitions of these terms. Our good friends over at Wikipedia provided the definitions.

FORECLOSURE

Foreclosure is the legal and professional proceeding in which [...]

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