home foreclosures

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With Florida still leading the nation in foreclosures, this week the U.S. Department of Housing and Urban Development announced it will provide grants to support 30 housing counseling organizations across the state. Half a million homes around Florida are still underwater or in foreclosure including many thousands in our area. We speak with foreclosure defense attorney Chip Parker of the firm Parker and DuFresne.

Alison Fitzgerald / Center for Public Integrity

According to a recent report, Jacksonville is one of the hardest-hit cities when it comes to "zombie homes" - abandoned properties stuck in foreclosure legal limbo. 

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ORLANDO, Fla. (AP) — Florida had the nation's highest foreclosure rate in April, even though it was lower than the same time last year.

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It’s a situation homeowners across the country are dealing with, and many thousands in Florida — they’re current on their house payments, but they owe more on their mortgage than their home is worth.

Food trucks, the Jacksonville Downtown Investment Authority , and Jameis Winston are in the headlines today.

JPMorgan Chase & Co. will pay $4 billion to consumers who were hurt by faulty mortgage underwriting, part of a larger $13 billion deal to settle the bank's liability in the collapse of toxic securities during the housing crisis.

The deal is expected to be announced this week.

Storms, foreclosures, and the Jaguars are in the headlines today.

The nation's jobless rate ticked down to 7.2 percent in September from 7.3 percent in August, the Bureau of Labor Statistics said Tuesday.

But just 148,000 were added to public and private payrolls. That's below the 180,000 economists expected. It's yet another sign that job growth remains soft.

There were 1.9 percent fewer existing homes sold in September than in August, the National Association of Realtors said Monday.

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Newly released foreclosure data shows some good news, and some not so good news from the Jacksonville metro area.

RealtyTrac released data this week for both the month of September as well as the third quarter of 2013.

On the plus side, Jacksonville fell from having the highest foreclosure rate in August among cities with 200,000 or more people — to the 5th highest rate in September. 

RealtyTrac Vice President Daren Blomquist says it was just a matter of time before the market started to improve.

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MIAMI (AP) — Thousands of Florida homeowners who owe far more on mortgages than their houses are worth could get a break under a new $350 million state program.

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RealtyTrac’s latest ranking of states based on foreclosure activity in May puts Florida at the top of the list. 

According to RealtyTrac figures, foreclosure filings increased to one-in-every-302 houses, nearly triple the national average. Foreclosure starts jumped 39 percent, the number of auctions went up 6 percent and bank repossessions increased 14 percent. 

Taken together, that amounts to a 20 percent increase in foreclosure activity, which is all it took for Florida to go from being #2 in April to #1 in May.