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High-profile criminal defendant Casey Anthony has filed for personal bankruptcy in the state of Florida this week. According to the filing Ms. Anthony is indebted to various parties for about $800,000 but has assets that total just over$1,000. She is currently...
One out of every 32 homes in Florida faced a foreclosure action last year, according to data recently released. The Sunshine State endured significant economic hardship during the recession and the housing market has been slow to recover. Last year's foreclosure rate...
Consumer advocates are calling for tougher restrictions on debt collecting practices, as many people still struggling in the aftermath of the recession get back on their feet and try to become current on debt payments. As we have noted in past posts, the Consumer...
A new set of regulations finalized by the Consumer Financial Protection Bureau will require mortgage servicing companies to treat borrowers more fairly. Under new rules, mortgage servicers will have to send borrowers clear monthly billing statements that adequately...
The collective sense of austerity that has led many in Florida and around the country to be more cautious when taking on debt seems to be subsiding somewhat, according to recent reports. A quarterly report issued from the Federal Reserve Bank said that while the...
The Florida legislature is in the process of deciding how to divide up the $60 million in aid it will provide for troubled homeowners. Most of the money will go towards assisting homeowners having problems making down payments on their loans. This was all a part of a...
The relaxed borrowing standards used by banks before the mortgage bubble burst seems like a distant bad dream at this point, but the reality is that for many Florida borrowers, that irresponsible lending has had lasting consequences. While many banks have voluntarily...
The last-minute budget deal that lawmakers managed to piece together in the first days of 2013 to (partially) avoid the fiscal cliff did include an extension of the Mortgage Forgiveness Debt Relief Act. We've written about this law in the past, as it allows borrowers...