The Real Deal Miami

South Florida foreclosures confuse #000;background:#ff66ff”

October 07, 2010 12:30PM

From the South Florida website: Because sales of bank-owned homes are being called off statewide, buyers
are left with uncertain contracts to purchase properties and, in some
cases, are scrambling to find housing. After three of the nation’s
largest lenders moved last week to pull back foreclosure operations
after questions arose about foreclosure documents they filed, buyers are
in the cold. Norman Lachance, who put a $75,000 cash payment on a home
just before the closing was canceled, is living with a friend after
being told Fannie Mae was canceling the closing just 90 minutes before
he was to get the keys. [Palm
Beach Post]