Karen Arbutine & Associates

Govenor Crist, Florida Banks Postpone Foreclosures

Tue, Dec 02, 2008 at 3:02PM

Florida banker's and credit unions announced on Monday they would suspend foreclosing on homeowners for the next 45 days. The plan to halt foreclosures would not help the 450,000 homeowners who are in the process of being foreclosed upon. Here in Florida we have the third-highest foreclosure rate in the entire nation. Crist, who said last week that he would consider ordering an executive order halting foreclosures, said this temporary moratorium would only cover homeowners with a homestead property who need help not folks with second homes or investment property in Florida. This effort is to help people in need, Crist said. This is not for someone who went and bought a block of condos in South Florida on the spec market. For all of you homeowner's in Lake Mary that are in this unfortunate position it surely is a very welcomed gesture if for the holidays, thanks to Govenor Crist.

Bookmark & Share

User Comments

Be the first to comment on this post below!

Popular tags on this blog

Awards & Recognition | Central Florida New Home Construction | central florida news | Client Appreciation | Entertainment | Finding Your Dream Home | Foreclosures | Golden Oak Real Estate | Heathrow FL News | Hot 100 Realtor Hall of Fame | Housing Market | Karen Arbutine | Longwood FL Home for Sale | Longwood FL News | Luxury New Home Construction | Memorial Day | Mortgage News | New Home Construction | Orlando FL Economy | Orlando Luxury Homes | RE/MAX | Real Estate Myth | Real Estate News | Sales Tax | Selling Bonus |

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: My Florida Regional MLS (updated 6/21/18)
Read Our Blog

- OR -

Advanced Search 

Read Our Blog

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2015 getorlandorealestate.com - all rights reserved. | Site MapThe Lake Mary / Heathrow Florida Real Estate Blog

More Central Florida Real Estate