Rescue Florida Realty

The Office of the Comptroller of the Currency missed signs of the robo-signing scandal because its examiners underestimated the risk and lacked enough guidance to find it, according to the Treasury Department Inspector General. In March, the five largest mortgage servicers settled with federal regulators and the state attorneys for $25 ...

Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent $25 billion mortgage servicing settlement are now changing the face of the crisis. Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, fell 5 percent in April ...

Bank of America said Tuesday it’s launching a nationwide program that pays homeowners as much as $30,000 to complete short sales. The lending giant tested a similar program in Florida last year from Sept. 26 through Nov. 30, and nearly 11,000 Florida borrowers verbally agreed to complete their short sales by August of this year. So ...

How many homeowners have the banks been able to help following the National Mortgage Settlement? According to this West Palm Beach news report, apparently, not many... yet.   PALM BEACH COUNTY, Fla. - It's been three months since the $25 billion National Mortgage Settlement was announced. The news was exciting for millions of ...

I discussed the below article today on my radio show the "Real Estate Pros" on WPSL AM 1590 out of Port St Lucie, Fl.  You can view the show on my website.  We discussed the reductions around 40 minutes into the show.   A select group of struggling mortgage borrowers are about to get an offer that sounds too ...

Bank of America Corp. is launching a pilot program that will allow homeowners at risk of foreclosure to hand over deeds to their houses and sign leases that will let them rent the houses back from the bank at a market rate.While the initial scope of the "Mortgage to Lease" program is small—the bank began sending letters ...

If you have a chance to pick up the new issue of Rolling Stone please do so. Not for the cover story on Bruce Springsteen, but for the article from Matt Taibbi. Too Crooked to Fail is an article regarding the scary monster we call Bank of America and all of the illegal, immoral and downright criminal things that they have been up to. ...

Interesting read on what the big banks think about their customers. Hey Chase if us little guys are so unprofitable I guess you won’t mind if all of us make a run on your bank at the same time? Chase CEO Jamie Dimon says so just as he is announcing record profits again. If you have an account at Chase, or any other large lender for ...

The US government reached, on Thursday, what is being touted as a landmark deal, with some of the nation's biggest mortgage lenders -- Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial -- over foreclosure and mortgage abuses which occurred after the burst of the housing bubble. The deal requires five of the largest ...