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Board-certified real estate. after the mortgage meltdown called the Dodd-Frank Wall Street Reform and Consumer Protection Act. The law created strict rules for making loans to prevent another boom.
Palm Beach County just beat out Miami-Dade, with South Florida’s northernmost county logging 2,072 units in foreclosure, valued at $364 million, and Miami-Dade logging 1,811 units owing $458 million..
It doesn’t take a Harvard MBA to figure this must impact lenders, who obviously aren’t writing loans on these homes. Talk to some Florida credit unions, and they’ll confirm the trend is hitting not.
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Others have leveraged the same real estate downturn strategy, but Related’s version includes playing the role of lender, if need be. Perez and West Palm Beach-based Florida. lending practices of.
Daniel de la Vega of One Sotheby’s, and lenders Joel Eidelstein and Matthew Eidelstein just launched a new mortgage lending. Miami-Dade, Broward and Palm Beach counties. “From the One Sotheby’s.