It's not just the lower classes that continue to get hit hard by foreclosures in South Florida. The Miami-Fort Lauderdale metro area leads the nation in foreclosures on properties worth more than $5 million, according to real estate website RealtyTrac. In fact, about a fourth of all high-end foreclo ... More >>
The real estate market in Miami may be slowly recovering, but that's not good news for everyone. Foreclosures in the Miami metro area surged last month with one in 236 housing units in the market receiving a foreclosure notice. That's more than four times the national average. The recent surge is ... More >>
Two years ago, Miami New Times was the first media outlet to report on a crew of scammers who swindled $2.4 million out of 15 real estate investors who believed they were getting sweetheart deals on foreclosed properties. The Miami-Dade Inspector General's Office busted the delinquents last February ... More >>
You're first in the nation, Miami! Sadly we are not talking about the Miami Heat, we are talking foreclosures. Florida, during the first quarter, has been America's foreclosure capital, while Miami leads all cities in Florida with a terrifying one in every 79 residences being involved in some sort o ... More >>
With Miami's luxury market going bananas again and Indian Creek mansions hawking for $47 million a pop, it's easy to forget that the average Dade homeowner is still deeper underwater than James Cameron's submarine. In fact, a new report out this morning says Miami now has the fifth highest rate of f ... More >>
Attention residents of North Miami: Would you like to learn how to prevent your home from going into foreclosure? Your esteemed mayor, Andre Pierre, would like to teach you how to avoid the pain and mounting legal costs of fighting a bank trying to take away your home, so he's presenting a seminar o ... More >>
photo by Gage via Wikimedia CommonsOut on the campaign trail, Republican presidential frontrunner Newt Gingrich hasn't shown a ton of empathy toward the millions going through foreclosures. But maybe his new Florida campaign chief can change his tune with his own personal story of housing hell.Fo ... More >>
City of MiamiLarry Spring is a money pit.No wonder the City of Miami's finances are in the crapper. The man in charge of its purse strings, Chief Financial Officer Larry Spring, lost his mother's house in a foreclosure sale last year. If he couldn't keep up with his mortgage payments, how can any ... More >>
According to Forbes, the only good things about living in Miami are the weather and the fact we don't have a state income tax. Other than that, apparently Miami is a miserable hellhole. So much so that we're the second most miserable city in America, according to the finance mag's annual rankings.&n ... More >>
ViaWe are all just miserable little oranges.Maybe LeBron's girlfriend, Savannah Brison, was right. Maybe Miami really is just a terrible place to live. AOL's WalletPop seems to agree, ranking the Magic City the ninth worst city to live in the entire United States. Apparently, all of our crim ... More >>
via CLTVForeclosures had become a strikingly normal part of life in Miami-Dade, as the economy became one of the hardest hit during the recession and homeowners found themselves underwater. Thing however appear to finally be getting better.In the first five months of 2010 foreclosures were down 38% ... More >>
There was a time -- say, last summer -- when no clerk wanted to enter a certain room on the 15th floor of 140 W. Flagler St., a drab Miami-Dade County municipal building downtown. Inside lurked a multiton beast made of dead trees: the collection of pending foreclosure case files for the county. Si ... More >>
We dreamed a dream in time gone by. When hope was high and life worth living. But the corrupt politicians come at night with their voices soft as thunder. As they tear your mortgages apart and they turn your job to shame.Yes, we here in Miami are apparently les misérables. So miserable, in fact, ... More >>
Riptide was feeling all warm and fuzzy this morning. No, it wasn't just from all the vodka in our coffee. (What, like you don't start your day with a little 'Russian java'?) Flickr / CC BY-SA 2.0The latest employment numbers came out this morning, and it looks like our Kanye-on-the-VMAs-esque dis ... More >>
The county's online property search doesn't disclose foreclosures.
The Banana has a friend named Betty, who earlier this year picked up a two-bedroom condo on Brickell Avenue for $109,000. Betty got the unit at a bargain because it was in foreclosure. But you wouldn't know that by checking the Miami-Dade County Property Appraiser's online property search databas ... More >>
Miami Beach cops got the call just after lunchtime this past January 26. A woman reported the following: Two thin, unfamiliar men were lurking in her neighborhood between a yellow $1.1 million waterfront house and an abandoned tan bungalow. They were carrying furniture from the houses to their ... More >>
Every month it seems Forbes puts out some dumb list of city rankings. Riptide always notes how dumb the list is, but posts about it anyway. Forbes appreciates any extra page views it gets, because that's half the reason they do it, but at the end of the day, these lists don't really mean all that mu ... More >>
You never would have guessed it, considering we're more or less ground zero for the foreclosure crisis, but the Miami-Fort Lauderdale area is actually the 12th best place to start a small business, according to Biz Journals. The rankings cited South Florida's strong population and job growth. Betwee ... More >>
There needs to be some kind of drinking game tied to breaking news alerts that tell us how grim our financial futures are. It began this morning on the Herald’s website with the news that employment in Florida is at a 15-year high and that it could get worse by next summer. In related news, a ... More >>
If you got it, flaunt it!
Don't cry. Just move into one of those empty homes around the corner.
Enjoy the view from the top with Level 25s Elevated Fridays.
Foreclosure Fraud Bill OK'd - The state Legislature approved a bill to protect homeowners going into foreclosure from being scammed by so-called "foreclosure rescue services." Renters Grasp At Opportunities In Risky Market - With the current state of the housing market, the market has tipped in ren ... More >>
On this foreclosure tour, the mortgage crisis is just another money maker.
It's the tops in Florida. And the banks are eating it up.
We're not real estate geniuses here at New Times. Hell, most of us don't even own our own homes. But it doesn't take Donald Trump to realize that the real estate market here in Miami is tanking fast and hard. According to propertyshark.com, a real estate data site, there were 987 first-time resid ... More >>
In a contentious case of townhouse tumult, resourceful residents kick management maniacs to the curb