Category: Real Estate/Foreclosure
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Foreclosure Fail: Study Pins Blame on Big Banks
By Paul Kiel, ProPublica Over the past several years, we’ve reported extensively on the big banks’ foreclosure failings. As a result of banks’ disorganization and understaffing — particularly at the peak of the crisis in 2009 and 2010 — homeowners were often forced to run a gauntlet of confusion, delays, and errors when seeking a mortgage modification.
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Fort Lauderdale’s historic Shippey House receives a two-week reprieve from demolition
By Karla Bowsher
BrowardBulldog.org
One of Fort Lauderdale’s oldest homes has been granted another 15 days of existence after a three-year fight over the property’s fate. -
Plans for the Ireland’s Inn site on Fort Lauderdale beach bog down despite city’s big giveaway
By Dan Christensen
BrowardBulldog.org
In July, 2008, as the economy was tanking, the Fort Lauderdale City Commission gave away a block of North Ocean Boulevard to the owners of the former Ireland’s Inn. The idea was to promote development of a towering, tax-generating five-star beachfront resort known as Fairwinds. Nearly three years out, with the economy heading south again, Fairwinds continues to exist only on paper. -
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Wall Street quietly creates a way to profit from homeowner distress
By Fred Schulte
Huffington Post Investigative Fund
When Florida retiree Gladys Walker fell behind in paying taxes on her modest Pompano Beach home, she had no idea one of America’s biggest banks and a major Wall Street hedge fund engaged in frenzied bidding for the right to collect her debt—all $768.25 of it. -
Fort Lauderdale mayor accused of “sell out” as public housing battle heats up
By Dan Christensen
FloridaBulldog.org -
Reeling from foreclosures, Pompano homeowners upset as renovation money heads to private developer for new housing
By Dan Christensen
FloridaBulldog.org
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