Shuttered law firm could create foreclosure problems

Butler and Hosch closed suddenly May 14. A few of its 60K U.S. foreclosure cases have already been delayed after fees weren't paid, and more are expected to follow.

Gov. Scott signs real estate-related bills into law

Three bills highlighted in Florida Realtors end-of-session report became law yesterday after the governor signed them. They impact insurance and FREC rules.

NAR: Existing-home sales lose momentum in April

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Fla.'s housing market: More closed sales, listings in April 2015

Florida Realtors April report: Single-family sales up 17.9% year-to-year, price up 11.4%; condo sales, price rose. U.S. single-family sales up 6.1% year-to-year.

Foreclosures hit 18-month high, no longer a bargain

RealtyTrac: April foreclosure numbers spiked as lenders rushed to put homes on the market. In some Fla. metros, sale prices are only 10% below market value.

Court backs contractors in insurance benefits battle

An owner may still "assign benefits" to a contractor, which empowers him to make emergency repairs and collect money directly from the property insurer.

Credit scoring firms agree to changes

Fla. and 30 other states settled with the big three credit scoring companies, which will now pay $6M and provide greater protections for consumers.

U.S. House considers changes to rural housing loans

Congress is studying Rural Housing loans and program overlaps with other U.S. products, such as FHA. NAR says private lenders should be able to approve loans.