LOCAL MARKET OVERVIEW

Big banks to attend Miami housing forum March 13
Here's another opportunity for Florida homeowners facing foreclosure to get help.

Extend Florida condo fire safety retrofits deadline, says Broward County Commission resolution
The Broward County Commission has just passed a resolution to extend the deadline for state-mandated condo fire safety retrofits, paying heed to critics who say condo associations across Florida can hardly afford to pay for such upgrades.

Bill allowing home insurance rate hikes advances
The Florida Senate's insurance committee passed a broad property insurance bill Wednesday that would essentially allow additional property insurance rate increases and reduce fraudulent claims and discounts that can drive up insurance costs.

Loan modification terms can be tough for those few who get them
Balloon payments can wreck the deal

For William and Lida Negron, their lender's decision to modify their mortgage seemed to be the key to holding on to their home.

Appraisers: Broker price opinions in short sales could increase mortgage fraud
New rules governing short sales are set to take effect April 5. But four groups representing more than 35,000 real estate appraisers already have taken a stand against the guidelines.

Loan modifications made easier
The government's Home Affordable Modification Program sounded good, but it hasn't been as much of a success as first thought, in part because of the red tape involved in the application process.

To walk or not to walk: underwater homeowners face dilemma
Michael Keigans is "underwater" on his mortgage, owing $80,000 more than his Deerfield Beach house is worth.

Florida gets $418 million for distressed homeowners
Florida was awarded $418 million of federal stimulus spending on Friday to help homeowners who are unemployed or who owe more on their mortgages than their homes are worth.

Home buyer tax credit nears
April 30 is deadline for home buyers to get tax credit

Barbie Villacis and her boyfriend are getting panicky.

Most South Florida condos reselling for less than $250,000
More than two-thirds of the 41,000 condominium units and town houses available for resale in South Florida region have an asking price below $250,000

More than two-thirds of the 41,000 condominium units and town houses for resale in South Florida region have an asking price below $250,000.

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