Florida Foreclosure Task Force Founded
February 25th, 2008 by 
admin
Following the lead of several other governors and state representatives around the country, Florida Governor Charlie Crist announced Wednesday the formation of an anti-foreclosure task force to combat the rising levels of foreclosure homes across the state.
Made up of experts in the fields of banking, lending and the mortgage industry, the new group has been charged with devising plans to find ways to lessen the amount of foreclosures going to sale and to allow homeowners more of a chance to stave off a foreclosure in the event of default. The group also includes some state representatives and delegates, who will work together with the industry professionals to find ways to accomplish these goals legislatively or through other means.
Nationally, a collective of banks and lending institution backed by the United States Treasury Department recently agreed to impose a 30 day “freeze” on homeowners who have been in default in excess of 90 days. The Florida group will probably be working towards similar action on the state level. Plans could also include instituting a law requiring more time between an original default and when lenders can file for foreclosure, as well as rules requiring lenders to contact buyers personally about imminent foreclosures.
Florida’s foreclosure homes count nearly doubled between 2007 and 2006, and the state ranked second among states with the highest total number of foreclosures. Florida has been near the top of the list for several years, and with more expected to come on the books in 2008, the state is looking to combat the trend and keep the housing market from falling too much further.
Many of the properties coming on to the market have been new constructions, as investment and development have soared in the past decade, and many of these new homes are simply sitting on the market losing value, costing investors a great deal of money. There are plenty of foreclosure homes available for purchase at auction and through other repo sales. Florida real estate will always be in high demand due to the state’s climate and beauty, but it could be a while yet before home values start to rise again.
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Posted in Florida | 
February 28th, 2008 at 11:03 am
[...] Florida Foreclosure Task Force Founded Following the lead of several other governors and state representatives around the country, Florida Governor Charlie Crist announced Wednesday the formation of an anti-foreclosure task force to combat the rising levels of foreclosure homes across the state. [...]
March 2nd, 2008 at 1:44 pm
[...] Florida Foreclosure Task Force Founded Following the lead of several other governors and state representatives around the country, Florida Governor Charlie Crist announced Wednesday the formation of an anti-foreclosure task force to combat the rising levels of foreclosure homes across the state. [...]
March 27th, 2008 at 6:24 am
You are telling folks not to panic..be pro-active..there are options out there….so why not list those agencys that help can us BEFORE we are 3-4 months deficient in our mortgage???? All I see is places for the rich guys-investors-to buy MORE forclosed properties so they can charge high rents to people who lost their homes to high interest, high taxes, high insurance…..what is the point here!!!!! We just continue to be raped and abused by the powers that be!!!!! Long as we keep working to pay government saleries and pet programs it doesn’t matter where or how we live….how we buy necessities…..how we feed our families…..no one cares how we survive in the blue-collar world….as long as we keep on paying for all of it….The gap between the haves and have nots is continuing to grow at alarming rates….is there anything or anyone out there that gives a damn!!!!!
March 28th, 2008 at 6:52 pm
[...] Florida Foreclosure Task Force Founded Following the lead of several other governors and state representatives around the country, Florida Governor Charlie Crist announced Wednesday the formation of an anti-foreclosure task force to combat the rising levels of foreclosure homes across the state. [...]
March 31st, 2008 at 7:07 am
[...] Florida Foreclosure Task Force Founded Following the lead of several other governors and state representatives around the country, Florida Governor Charlie Crist announced Wednesday the formation of an anti-foreclosure task force to combat the rising levels of foreclosure homes across the state. [...]