The local governments are concerned about steps being taken by a bankers group in Florida in trying to avoid the responsibility of maintaining foreclosed units. This will mean passing on the buck to the taxpayers while at the same time these derelict houses will continue to pull down property values of the localities. Thousands and [...]

Not all regions are equally benefiting from foreclosure rescue measures. So far only two families have got help from a programme in Plantation. Initially it promised help to those borrowers who were failing in their mortgage payments or if funds were required to make security deposits for rentals. The plan had started in August 2008. [...]