Miami foreclosure homes turning into squatters paradise

foreclosure living
Desperate times call for desperate measures.

The foreclosure crisis has affected families and communities throughout the United States hard … some more than others. Miami, Fla., which at its peak several years ago boasted a booming condominium market, is among those hardest hit.

And rather than let foreclosed homes sit vacant while families fend for themselves on the streets, one local activist, Max Rameau, is taking matters into his own hands and moving families — albeit illegally — into the bank-owned properties.

He’s also doing it in broad daylight and not under the cloak of the night.

Here’s is what he had to say about the brazen initiative:

“We’re matching homeless people with people-less homes…. I think everyone deserves a home. Homeless people across the country are squatting in empty homes. The question is: Is this going to be done out of desperation or with direction?”

Rameau is part of a recently-formed organization called, Take Back the Land. In addition to “placing” homeless families in foreclosure homes the group provides them with “secondhand furniture, cleaning supplies and yard upkeep

As mentioned earlier, this process, which is essentially referred to as squatting, is illegal and punishable by law. However, Rameau and his associates do not seem deterred by the prospect of possible arrest.

Here’s another quote from him:

“Within a couple of months, this place would be stripped and drug dealers would be living here. There’s a real need here, and there’s a disconnect between the need and the law. Being arrested is just one of the potential factors in doing this.”

Rameau has thus far helped six families into foreclosed homes and has nine on a waiting list, according to the report. He has not been arrested or approached by the authorities … yet.

Fugee foreclosure: Wyclef Jean Miami home falls into default

Former member of “The Fugees” and acclaimed hip hop producer Wyclef Jean — who has sold more than 30 million albums throughout his illustrious career — is the latest celebrity to feel the foreclosure blues.

Several published reports indicate that Jean and several friends failed to pay construction costs and fines on an unfinished $1.4 million Miami, Fla., mansion that the group purchased together more than two years ago with plans to renovate.

All told, Jean and Co. now owe approximately $2.4 million on the home. And if the outstanding liens and payments are not cured in a matter of days, the home will be foreclosed on and sold at public auction on December 12.

Jean joins a growing list of other high-profile homeowners, including Michael Jackson, Jose Canseco, Ed McMahon, Evander Holyfied, Latrell Sprewell and others, who have recently found themselves facing foreclosure situations.

It just goes to show once again that no one is immune to foreclosure — it can happen to anyone at anytime.

For more celebrity foreclosure-related news click here.

Florida foreclosures become presidential issues 2008

Real estate quote: Florida foreclosures spur bargain hunting

“There’s a lot of bargain-hunting going on right now. Florida is one of the harder-hit states as far as the values dropping. Orlando is probably one of the harder-hit areas in Florida. It’s more transient, and there was a lot more speculation in the ’04-’05-’06 time frame.”

– Foreclosure.com Director of Real Estate Owned (REO), Glen Daniels, shares his expert thoughts with the Orlando Sentinel on the foreclosure situation and real estate market in Florida. To check out Florida foreclosed homes and amazing deals click here.

Donald Trump house sold in Palm Beach Florida for record $100 million

Trumps-100Mill-House

Cue ABBA because real estate mogul Donald Trump is about to pocket a whole lot more money, money, money.

Trump possibly set a record today with the most expensive single-family home ever sold with a price tag of more than $100 million (he came down from $125 million) for his renovated 6.5 acre Palm Beach, Fla., mansion.

He originally paid $41 million for the property four years ago and hired Kendra Todd at the conclusion of “The Apprentice” to oversee a $25 million renovation project.

According to several reports, the nine bedroom 62,000 sq. ft. palace boasts marble bathrooms with 24-carat gold fixtures, a 48-car garage, 100-foot long pool, conservatory and 475 feet of ocean front property.

However, the new owner — billionaire and Russian fertilizer tycoon Dmitry Rybolovlev — has no immediate plans to live in his new home. In fact, he may tear it all down to subdivide the land.