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Fired Stern Firm Employees File Suit
Four former employees of the Law Firm of David J. Stern and its’ mortgage processing company, DJSP, have filed a federal lawsuit claiming they were not given proper notice before being fired. The...
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Federal Funds To Aid Struggling Homeowners
TALLAHASSEE (CBS4) – Homeowners struggling to make their mortgage payments may be able to get a helping hand from Uncle Sam. For the first time, more than one billion dollars in federal aid will be...
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Mortgage Modification Event Returns To Miami Beach
MIAMI BEACH (CBS4) — Thousands of homeowners who are upside down on their mortgages or being foreclosed upon because they can no longer afford their homes attended a free mortgage modification event...
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I-Team: Mortgage Fraud Rampant Despite Crackdown
MIAMI (CBS4) – Federal investigators say it’s a crime that is exceeded only by Medicare fraud in South Florida. Mortgage fraud. It’s a growing crime that federal prosecutors now say costs taxpayers,...
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Homes Turned Into Billboards Get Free Mortgage
MIAMI (CBS4) — Startup advertising firm Adzookie has latched on to a high-profile way to publicize itself: by turning homes into massive billboards. In exchange, Adzookie says it will pay the house...
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Nearly 9,500 Fla. Homeowners Apply For Foreclosure Assistance Program
TALLAHASSEE (CBS4) – Nearly 9,500 Florida homeowners have submitted applications to receive financial assistance from a federally funded program aimed at helping homeowners avoid foreclosure. The...
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I-Team: The Secret Truth About Foreclosures
86-year old Collis McDuffie chokes back tears when he thinks about losing the home that he bought back in 1963, to foreclosure. “When you go through what I’m going through. Lord have mercy,” McDuffie...
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Bank May Foreclose On Burt Reynolds’ Fla. Home
JUPITER, Fla. (CBS4) — A bank is seeking to foreclose on Burt Reynolds’ Florida home so it can collect about $1.2 million for a mortgage. Merrill Lynch Credit Corp. has filed a lawsuit in Martin County...
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S. Fla. Home Prices Continue To Fall
MIAMI (CBSMiami.com) – Homeowners in South Florida have been hoping for years for a boost in the real estate market, specifically the value of their homes. Unfortunately, new numbers from Standard...
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Homeowners Still Struggling In South Florida
MIAMI (CBS4) – While many parts of the country are beginning to dig out of the worst housing collapse since the Great Depression; South Florida remains far behind a housing recovery. One out of every...
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Foreclosure Settlement Should Benefit S. Fla.
WASHINGTON (CBSMiami) – After more than a year of negotiations, five major banks will pay approximately $26 billion to American homeowners for the banks roles in foreclosure abuses including the...
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Senate Clears Bill To Fast-Track Mortgage Foreclosure Process
TALLAHASSEE (CBSMiami/AP) —Despite angry jeers from homeowners facing or in foreclosure, a Senate panel cleared a bill Monday that aims to speed up the state’s mortgage foreclosure process. The Senate...
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FEMA To Scott: Bill Signing Could Kill Florida Flood Insurance
TALLAHASSEE (CBSMiami) – Florida Governor Rick Scott has been put on notice that homeowners and businesses across the state will lose access to the federal Flood Insurance program if he signs a bill...
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Report: Romney To Target HUD For Closure, Education Dept. For Consolidation
PALM BEACH, Fla. (CBSMiami) – Likely Republican presidential nominee Mitt Romney finally began revealing some of his plans for paying for massive tax cuts and naming which government agencies he plans...
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Get Your Mortgage Paid For By Turning Your House Into A Billboard
MIAMI (CBS4) — Would you paint your house orange or green, if it meant living mortgage free for a year? Some local residents are hoping to turn their homes into gigantic billboards and cash in....
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Insurance Rate Hikes Leaving Homeowners Breathless
CORAL SPRINGS (CBSMiami) – Insurance rates in Florida are already among the highest in the nation, but as insurers look to make what they claim are “market adjustments” to rates, some Floridians are...
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Home Sales, Prices On The Rise In Miami-Dade County
MIAMI (CBS4) – Some good news for single family homes and condos in Miami-Dade County; sales saw a double digit jump in May. The Miami Association of Realtors is reporting that compared to May 2011,...
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Late Mortgage Payments Hit 3-Year Low
MIAMI (CBSMiami) – South Florida’s role in the housing crisis has been well documented, but there finally may be some good news rolling in for homeowners. According to National Public Radio, the...
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$1.7 Billion Paid To FL Homeowners To Settle Foreclosure Abuses
TALLAHASSEE (CBSMiami/AP) – Florida homeowners are expected to be paid about $8 billion in compensation for foreclosure abuses by lenders. According to an interim report, more than 23,000 Floridians...
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More People Buying Milk, Eggs & Mortgages In Same Store
MIAMI (CBSMiami) — Now on sale in aisle one, eggs, milk, bread, and a mortgage! With today’s consumers feeling more comfortable shopping for financial products outside of a traditional bank, a growing...
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Deadline Looms For Foreclosure Claims
TALLAHASSEE (CBSMiami/NSF) – Floridians who lost their homes between 2008 and 2012 have until Friday to register for their share of a $25 billion national settlement with a handful of mortgage lenders....
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Home Loan Modification Event At James L. Knight Center
MIAMI (CBS4) — Thousands of homeowners who are upside down on their mortgages or being foreclosed upon because they can no longer afford their homes may be able to get some help a free mortgage...
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What To Do With Your Tax Refund
By Ray Martin, CBS MoneyWatch (CBSMoneyWatch) Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking...
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Gov. Rick Scott Signs Off On Mortgage Plan
TALLAHASSEE (CBSMiami/AP) – Governor Rick Scott has signed off on a $200 million plan in order to fund a variety of housing programs. The Mortgage Settlement Bill (SB 1852) was approved on Tuesday...
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State AG Sues Broward Co. Over Mortgage Help Claims
TALLAHASSEE (CBSMiami/AP) — A Broward company which allegedly preyed on homeowners in danger of losing their homes is being sued by the state. On Wednesday, state Attorney General Pam Bondi’s office...
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Report: Thousands Of Floridians Helped By Foreclosure Settlement
TALLAHASSEE (CBSMiami/AP) — A national report looking at the massive $25 billion settlement that grew out of the massive foreclosure fraud problems over the last few years found that over 120,000...
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Report: Bank Of America Laying Off Workers In Sunrise
SUNRISE (CBSMiami) – Bank of America has notified the state of Florida it plans to lay off more than 150 people at the company’s Sunrise mortgage center. According to the South Florida Sun-Sentinel,...
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Major Plantation Foreclosure Lawyer Will Accept Disbarment
TALLAHASSEE (CBSMiami/AP) – The Plantation lawyer whose firm was handling tens of thousands of foreclosure cases at the height of the financial crisis is ending his fight to hold onto his law license....
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Man Sentenced To 10 Years For Mortgage Fraud Scheme
TAMPA, Fla. (AP) — A developer who “flipped” houses throughout Florida has been sentenced to 10 years in prison for what prosecutors say was a mortgage fraud scheme. A federal judge also ordered...
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Bank Of America Settlement To Funnel $1B To Floridians
MIAMI (CBSMiami/NSF) — A massive settlement announced Thursday between Bank of America and the U.S. Department of Justice will provide about $1 billion in assistance to thousands of Floridians, state...
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Regulators Sue Ocwen Financial, Say It Mishandled Mortgages
Follow CBSMIAMI.COM: Facebook | Twitter NEW YORK (AP) — State and federal authorities have sued mortgage servicer Ocwen Financial Corp., saying the company botched the handling of millions of mortgage...
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Mortgage Assistance Available In The Wake Of Hurricane Irma
Follow CBSMIAMI.COM: Facebook | Twitter MIAMI (CBSMiami) – Florida homeowners who may have trouble making their mortgage payments after Hurricane Irma could be eligible for a mortgage loan deferment....
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People Mortgaging Their Homes To Buy Bitcoin, Report Says
Follow CBSMIAMI.COM: Facebook | Twitter CBS Local — How much would you put at risk to invest in the hottest digital currency in the world? For some people, the skyrocketing value of Bitcoin is worth...
View ArticleTraditional Banks Aren’t Providing Home Loans Like They Used To
Follow CBSMIAMI.COM: Facebook | Twitter NEW YORK (CBSMiami) – Big banks are walking away from low-income homebuyers, leaving “non-bank” financial institutions to fill the gap. In fact, the nation’s...
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