Distressed Homeowners

Offshore Investors Snapping Up Fla. Real Estate

MIAMI (Source: Miami Herald) – Offshore investors are flocking to Florida’s distressed real estate prices as major companies with ties to Hong Kong, Spain, Argentina and Malaysia are snapping up properties sensing the local market has bottomed.


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Banks Find Few Signs of Default Distress in Repo, Credit Markets

(Source: Bloomberg By Dakin Campbell and Michael J. Moore) – U.S. banks searching for hints of credit-market distress ahead of next week’s deadline to raise the debt ceiling are finding few signs of panic so far.


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Social Networking Gone Wild: Foreclosure via Facebook

(Source: MoneyLand By Tara-Nicholle Nelson) – The most distressing content most of us have ever seen on Facebook falls within the realm of the overshare: your boss’ Vegas stag party pics, or your new boyfriend’s status change from single to [...]


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Palm Beach Gardens Mortgage Mod Firm to Pay $18.8 Million to Help Distressed Homeowners

PALM BEACH GARDENS (Source: Palm Beach Post By Kimberly Miller) – Three Palm Beach County men, including a Palm Beach Gardens attorney, have agreed to an $18.8 million settlement with the Federal Trade Commission following charges the trio preyed on [...]


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New Chase Tower Office Takes Aim at Foreclosures

(Source: Indy Star by Jeff Swiatek) – Chase Bank has opened a distressed mortgage counseling office in Indianapolis, the latest tactic by lenders to beat back the rising tide of foreclosures.


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