A family from Suriname was the first of a string of guests to arrive at Steve Chase's million-dollar South Florida home expecting a vacation — only, Chase didn't invite any of them.
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First mortgage and bank card default rates rose to 2.17 percent and 4.91 percent in November, up from 2.08 percent and 4.85 percent in October, according to data from S&P Indices and Experian.Read More »
In 2009, about two years after the real estate market started its collapse, a new federal law took effect. The federal Home Valuation Code of Conduct was created to reduce conflicts of interest in the process of appraising homes. Real estate agents and brokers were no longer allowed to order appraisals. Lenders were now in control of doing that, and demand for appraisal-management companies shot up.Read More »