Skip to comments.States with the most homes in foreclosure
Posted on 02/18/2012 1:10:50 PM PST by Carbonsteel
Five major U.S. banks accused of foreclosure abuses have agreed to a $26 billion settlement with the government, the largest payout from banks arising from the financial crisis. The amount, which will include aid from banks in the form of loan forgiveness and refinancing, is intended to help homeowners avoid mortgage default and foreclosure. Most economists believe this is a step in the right direction, albeit only a small one.
(Excerpt) Read more at realestate.yahoo.com ...
1. Out of control spending.
2. Democrat strong holds.
3. Huge illegal alien populations.
4. High unemployment.
5. States that all went to Obama in 2008.
Oh, by the way, what about those of us who have been responsible homeowners?
While Obama is shaking down the banks to pay for the mess created by guys like Chris Dodd and Barney Frank, Obama's economic policies are just making things worse.
"Most economists believe this is a step in the right direction, albeit only a small one." WOW! Our universities need to stop teaching Keynesian economics!
Care to modify your statement there, bub?
Florida (#1 on the list) has a Republican governor and majorities in both Houses.
Florida usually votes to the right.
Florida’s finances are under control moreso now than when Crist was in charge.
Unemployment is below the nationwide average.
Illegal alien population isn’t really as great as everyone says it is. Those who are here are Caribbean islanders, for the most part (Cubans and Puerto Ricans).
Sadly, FL did go to Obama, but it’s more purple than solid blue.
Florida’s problem was an out of control real estate market and a high risk insurance haven where premiums skyrocketed in a very, very short period of time; thus pricing most out of their own homes.
Didn't Romney win in Florida by 46%?
"Florida usually votes to the right."
Florida almost went to Gore in 2000 and without Florida, Obama wouldn't be where he is today and probably won't win reelection without the states electoral votes that he will probably have again in 2012.
"Floridas problem was an out of control real estate market and a high risk insurance haven where premiums skyrocketed in a very, very short period of time; thus pricing most out of their own homes."
We can agree on that.
"Floridas finances are under control moreso now than when Crist was in charge."
True, but that has not always been the case and I see Florida moving steadily to the left over the last 15 years. However, I could be wrong, I'm a "glass is half empty" kind of thinker when it comes to our nations politics. But don't worry, my state of Texas is in the same boat; we have a Republican Governor and legislature, but we are moving steadily to the left and running up massive debt to boot. It's a sad sight to behold.
Not in Florida. It was 9.9% last month..
Not in Florida. It was 9.9% last month..
“Floridas problem was an out of control real estate market and a high risk insurance haven where premiums skyrocketed in a very, very short period of time; thus pricing most out of their own homes.”
Florida’s insurance premiums “skyrocketed” due to, yes, the housing boom (more houses per square mile subject to possible hurricane risk) and some large hurricanes that left insurance reserves at catastrophically low levels.
People who live in glass houses should not throw bricks, and people who choose to move where hurricane risks are high should be prepared to pay more for insurance.
Crist made the situation worse, by setting up a fund that is putting the taxpayers, and their future tax obligations on the line to pick up the tab for underfunded insurance plans.
It does not reduce the actual cost for “skyrocketed insurance premiums”, it shifts paying for the cost from your choice of insurance plans to your taxes, and insures that that cost will, altogether, be worse than if the insurance marketplace had been allowed the time to establish a new market balance.
It was 9.9% in December. Local television and newspapers are putting it near 9% for January (much to their chagrin), but official numbers are not out yet.
Florida has Democrat bastions (Leon county, Jacksonville, Miami-Dade), but the electorate is right of center for the most part. I was speaking specifically to your broad generalizations. Florida is no where near as liberal as NY or California, for instance.
That’s not to say that can’t change, but I wanted to make sure I stood up for my state.
Is cheap, somewhat decent property to be bought in these states?