Obama signs bill assisting homebuyers, jobless

President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.

Fannie Mae offers borrowers option to foreclosure

Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year.

Fla. justices consider mediation for foreclosures

Mediation would be a good way to expedite a flood of mortgage foreclosures, members of a foreclosure task force said Wednesday, but some disagreed on the details in oral arguments before the state Supreme Court.

REAL ESTATE

Some entrepreneurs find opportunity in foreclosure meltdown

South Florida's housing boom cratered fast and, like the epicenter of an earthquake, left a trail of destruction in its wake.

But in the aftershocks of plummeting home prices, unemployment and continuing foreclosures, some professionals and entrepreneurs have found ways to make money amid the ruins.

STATE OF FORECLOSURE

Homestead deals with aftermath of boom

Once dubbed the fastest-growing city among medium-sized cities, Homestead is now dealing with the aftermath of its explosive building boom.

Massive amounts of foreclosures clogging county's civil courts

Most everyone involved in a foreclosure says they never wanted to go through the process in the first place: Not the homeowners at risk of losing their houses, not the banks that loaned them the money, not the judges who must rule on the cases.

STATE OF FORECLOSURE

Foreclosure crisis far from over for South Florida

Nearly one in four home loans in Florida are delinquent -- the highest rate in the nation. And thanks to the recession, another wave has begun.