5 Classic Asset Bubbles That Should Make Bitcoin Buyers Beware
The value of digital crypto-currency Bitcoin has skyrocketed thanks to eurozone worries. But skeptics say its a bubble destined to pop, much like these five historic bubbles.
florida real estate
False Deeds in Md.: More Foreclosure Fraud Emerges
As if we needed more proof of the outlaw actions of banks and their agents, The Baltimore Sun reports that 1,000 or more Maryland deeds are likely forgeries created by a foreclosure mill. If the accusation is true, the false deeds will create a nightmare for the innocent people who bought the homes.
HSBC's Foreclosure 'Moratorium' Has Big Holes in it
HSBC announced late last month that it had put all of its U.S. foreclosures on hold to review their documents -- back in December. So why are its lawyers still pushing cases ahead? HSBC also says it doesn't robo-sign. So why does its annual report mention foreclosure document problems that sound so much like those caused by robo-signing?
Will Florida Finally Punish Banks and Lawyers for Foreclosure Document Fraud?
Foreclosures nationwide have exposed a swamp of fraudulent documents, but in many parts of Florida, courts have been letting banks ignore the law with impunity. Now, moves by Florida's Supreme Court and its state bar association may finally start cleaning up the fraud there by holding banks -- and lawyers -- accountable.
Q&A With a Defender of Florida's 'Rocket Docket' Foreclosures
Lee County, Fla., has become infamous for the "rocket docket" -- its system of speeding foreclosure cases through the courts. DailyFinance spoke with the Lee County Clerk who says the super-charged system was his idea.
The Fall of Florida's 'Foreclosure King' Will Create Huge Waves
No longer such a high-flyer, the David J. Stern law firm is now being investigated and sued in a class action. The impact on pending Florida foreclosures and what the firm's underlying conduct means for the future of the state's real estate market will be felt for years.
Florida AG Subpoenas Lender Processing Services
The Florida attorney general's office has subpoenaed Lender Processing Services, which handles many foreclosure documents, as part of its investigation into potentially flawed foreclosure paperwork.
BP Oil Spill Could Lower Gulf Coast Home Prices By $56,000
The decline in property values could total $3 billion over five years, Bloomberg reported, citing real estate data company CoreLogic. The BP oil spill could wipe out the premium that buyers normally pay to be near the ocean.
Why Disney's Luxury Real Estate Gamble Isn't Goofy
The Walt Disney Co.'s luxury real estate venture, the Golden Oak Residential Resort Community, may actually stand a chance -- even in Florida's depressed real estate market.
Replenishing Private Beaches in Florida Turns Them Public
At first blush, the U.S. Supreme Court ruling on Florida beach-front property is jarring: Just because Joe Public now has a 75-foot-wide expanse to use and enjoy between the ocean and the houses on once-private beaches doesn't mean owners' property rights were violated. Whaaat?