Romney Profited From Mortgage Foreclosures in Florida

At a debate on Thursday in Florida, it devolved into finger pointing. A question about the government’s involvement in the mortgage market prompted. someone who had lost their home to foreclosure.

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Last October, Mitt Romney’s advice to the editorial. fund that was heavily invested in mortgage-backed obligations. The people who purchased these debts have launched foreclosures against thousands.

After holding a roundtable with voters struggling as a result of the foreclosure crisis, Romney said he wished that Gingrich had heard their stories as a former adviser to mortgage giant. “While.

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. number of the foreclosure cases now clogging Florida’s courts system. As I reported last week, foreclosure mills like Stern’s are well-greased, assembly line-like operations that try to squeeze.

ORMOND BEACH, Fla., – Less than 24 hours after his disappointing showing in the South Carolina primary, Mitt Romney took his campaign fight to Florida, linking the mortgage foreclosure crisis here -.

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One is a lot of homes coming in, that are in foreclosure. surveys in Florida. Recycling a line from Monday night’s debate in Tampa, he said Gingrich was “peddling influence” as a consultant to.

Few states have been hit harder than Florida, where prices have dropped 45 percent since 2006, half of recently-sold homes are in default, and 23 percent of of homes are delinquent or in foreclosure .

Search Romney, WV foreclosure listings at HomeFinder. Buy homes at reduced prices.

A ThinkProgress examination of Mitt Romney. of the mortgage obligations for now-defunct Washington Mutual and Countrywide, suggests more than 5,000 foreclosure cases were filed in 2010. And.

How to Invest in Pre-foreclosures Part 1 of 2 “Factual Flubs in Florida.” 24 Jan 2012. Farley, Robert. “Disgrace, Influence Peddling and Other debate charges.” 24 jan 2012. Smith, Ben and Jonathan Martin. “Obama plan: Destroy Romney.” Politico. 9.

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Rather, it criticized Mr. Obama’s administration for presiding over millions of foreclosures in the last year. Andrea Saul, a spokesperson for Mr. Romney, said the fault for the mortgage crisis rests.

Mortgage foreclosures in Florida are “judicial proceedings,” and are.. and profits arising from the mortgaged real property in a foreclosure.

The implications of the investigation could also be felt in Florida, where there has been a concerted push to lower premium rates. Banks and mortgage providers regularly. servicers for placing.