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Florida Mortgages : Housing Crisis USA

US Housing Crisis : Miami Real Estate Finance Article

June 27, 2012

Florida Housing

Florida Housing Crisis affected thousands of homeowners and business across the state.

Information on mortgages, realtors and mortgage brokers in FL including Florida housing statistics. The major banks are backed up with so many refinances, many raised their rates to slow down volume.

Home buyers who want a good deal in real estate invariably think first about pursuing foreclosures. Buyers have this picture in their mind of a cute little house, surrounded by a white picket fence that is owned by a widowed mom who fell on hard times, but that scenario is generally far from reality.

Florida Housing Crisis USA, FL Mortgages Miami skyline
photo : Spigidbe83, CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0, via Wikimedia Commons

Sellers stop making payments for a host of reasons. Few choose to go into foreclosure voluntarily.

Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt.

While this equitable right exists, it is a cloud on title and the lender cannot be sure that (s)he can successfully repossess the property. Therefore, through the process of foreclosure, the lender seeks to foreclose the equitable right of redemption and take both legal and equitable title to the property in fee simple.

Via: Foundation Mortgage

Florida Architecture

Useful link: https://www.floridahousing.org/

Florida Building Designs

Florida Building – Latest Designs

St. Petersburg Pier
Design: Michael Maltzan Architecture
St. Petersburg Pier Buildings
image from architects studio
St. Petersburg Pier
The Lens is a new icon for the City of St. Petersburg, reframing the relationship between the City and the Bay. Visible from afar, it is a crown on the skyline and a marker within the daily life of St. Petersburg.

FAU College of Engineering and Computer Science Building
Design: LEO A DALY Architects
Florida Atlantic University Building
photo : Island Studios Photography (Stuart Gobey)
Florida Atlantic University Building
Designed by international architecture, planning, engineering, interior design and program management firm LEO A DALY, FAU’s facility is the first academic building in southeast Florida to achieve this status. The new 97,000-square-foot, five-story FAU facility houses the university’s computer science, electrical and computer engineering programs.

University of Florida Building, Gainesville
Design: Perkins+Will
University of Florida Building
image from architect
University of Florida Building
The CTRB is situated on a 2.57 acre site along Mowry Road and Gale Lemerand Drive in the city of Gainesville, Florida, USA. The building is sited to capitalize on the proximity to the Health Science Center of the University of Florida.

Florida Architecture

Annie Pfeiffer Chapel, Florida Southern College
Design: Frank Lloyd Wright Architect
Annie Pfeiffer Chapel - Florida Housing Crisis page
photo © Robin Hill
Florida Southern College

Salvador Dali Museum, St. Petersburg
Design: HOK Architects
Salvador Dali Museum

Florida Hotel

Housing Crisis

USA Property Articles

American Architecture

American Architects

American Houses

American Housing

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