Naples Real Estate News 06/18/08
NEW LEGISLATION
Governor Charlie Crist signed a bill authorizing “electronic” foreclosure sales. Previously, foreclosure sales had to be conducted in person; now they may be done online.
LENDING REFORM
Six trade groups on Tuesday told federal lawmakers that a comprehensive housing bill would impose too-strict standards on lenders. They say the bill, if passed, would expose lenders to potential lawsuits and force them "to reduce the number and type of products to consumers."
GULF OIL DRILLING
Governor Charlie Crist dropped his long-standing support for the federal government’s moratorium on offshore oil drilling, endorsing presidential candidate John McCain’s proposal to let states decide. "I mean, let’s face it, the price of gas has gone through the roof, and Florida families are suffering," Crist said yesterday.
FORECLOSURES
As the federal government discusses ways to help struggling homeowners, a growing number of cities are taking matters into their own hands. "We can’t wait on the federal government," says Douglas Palmer, president of the U.S. Conference of Mayors. "We’re taking action."
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