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Greg Hayworth, 44, graduated from Syracuse University and made a good living in his home state, California, from real estate and mortgage finance. Then that business crashed, and early last year the bank foreclosed on the house his family was renting, forcing their eviction. ...more
March 14, 2009
A half-century ago, an East German communist demanded that the people exhibit more confidence in their rulers. "Would it not be easier," the poet Bertolt Brecht responded, "for the government to dissolve the people and elect another?" Though aimed at a long-ago Stalinist, Brecht's gibe comes alarmingly close to describing how legislators in many states keep themselves in power. ...more
November 8, 2008
In Tuesday's general election, Republican candidates in Florida will have a built-in advantage on the ballot over their Democratic and third-party competitors. ...more
October 31, 2008
As Congress hashes out the details of the mortgage bailout plan, another wave of problem loans will soon come crashing down, especially in Florida. ...more
September 24, 2008
As Congress hashes out the details of the mortgage bailout plan, another wave of problem loans will soon come crashing down, especially in Florida. Nearly $100 billion worth of loans are deemed at risk for foreclosure over the next two years nationwide as borrowers with adjustable rate loans, called option-ARMs, see rates adjust, some ahead of schedule, according to a report released this month by Fitch Ratings. ...more
September 23, 2008
The number of Florida homes with foreclosure filings - default notices, auction sale notices and bank repossessions - fell a bit in August but is still up nearly 30 percent compared with the same month last year. ...more
September 12, 2008
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