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  • WEST PALM BEACH

    'Deadbeat' fights back against foreclosure process

    This deadbeat took on Wall Street, and Wall Street was cowed.

  • REAL ESTATE

    Bank of America forecloses home without a mortgage

    When Jason Grodensky bought his modest Fort Lauderdale home last December, he paid cash. But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage.

  • REAL ESTATE

    GMAC suspends foreclosure evictions and sales of seized property

    Foreclosure evictions and homeowner lockouts have been halted by Ally Financial Inc.'s GMAC Mortgage in 23 states including Florida as the nation's fifth-largest home loan servicer addresses legal challenges to its foreclosure procedures.

  • COURTS

    Promises of Costa Rican dream homes fueled a 'Ponzi-type scheme,' lawsuit says

    She wanted a piece of paradise — a tropical retirement home where the temperature is warm, the air is clean and the crowds and stress of South Florida are far, far away.

  • Calculate the recovery period for your underwater home mortgage

    Is your home loan currently more than the market value of your house? Plug in your numbers here and see approximately how many years of mortgage payments it could take you to break even.

  • REAL ESTATE

    Report: Fontainebleau loans could be in default

    The Fontainebleau Miami Beach is vulnerable to a declaration of default by its lenders, partly thanks to about $60 million in unpaid contractor claims, the Wall Street Journal reported Friday.

  • BofA, Wells Fargo get low marks on mortgage modifications

    The Obama administration's first monthly report on mortgage modifications showed that Bank of America had adjusted the terms of just 13 percent of mortgages eligible for modification, while Wells Fargo had made changes to just 12 percent of its eligible loans. Both banks received billions in government bailouts last year.

  • Next economic crisis looms: Commercial real estate defaults

    Two years after fissures in the residential housing market gave way to a national collapse of home prices and sales, experts warn that the the commercial real estate market is next shoe to drop, bringing more woes to the battered economy. Thousands of commercial mortgages valued at hundreds of billions of dollars are approaching their renewal dates, and by some estimates, two out of every three no longer will meet the original loan conditions and won't be able to be refinanced. Photo Gallery Available

  • Obama's housing fix: Encourage lenders to help borrowers

    President Barack Obama will provide a set of incentives to lenders to to help homeowners who are facing foreclosure. He introduced his new $75 billion plan on Wednesday in Phoenix, an area hit hard by the housing crisis.

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