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Dodging defensive ends, debts.

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​Update, 2/2: Added comment from Baugh's lawyer.
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http://www.flickr.com/photos/ret0dd/

Down and out on mom and dad's sofa.

​Now for some bad news.

U.S. Census Bureau figures released today show that young people are getting especially pummeled by a recession that supposedly ended two years ago.

According to the Associated Press, 20- and 30-somethings face the highest unemployment rates since World War II and are more likely to live in poverty than other demographics -- with one in five young people slipping below livable income levels.

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All about the Benjamins.

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Mr. Foreclosure himself

​Would you trust Broward judges to supply compromising information about themselves? That's what they're being asked to do now, essentially...

A few weeks ago, we wrote about outgoing Broward County Chief Judge Victor Tobin leaving his post to join a foreclosure law firm that stands to benefit from policies he crafted.

Among Tobin's accomplishment as head honcho at the courthouse is the institution of the "rocket docket," which allows judges to move a foreclosure case forward in the blink of an overworked attorney's eye. (Matt Taibbi wrote a scathing account of the process in Rolling Stone.)

Now somebody -- we swear it wasn't us -- has initiated a vast public records request that could More >>

​Our neck of the woods is still making news these days in the building-bubble world: Yesterday's housing numbers saw prices in South Florida hit a new low, and many of the houses that are being sold are foreclosures. Some routine housing-market data, then, but wait... we need an anecdote! How else will we wryly illustrate just how bad things have gotten while keeping the story lighthearted?

Ahh, here we go! We were just watching the left-wing talking heads on MSNBC last night, minding our own business, when we More >>

via Ginger Luznar

Luznar and her husband with sign they made in protest of their foreclosure. ​

​Ginger Luznar, who hung gigantic signs in her yard a month ago protesting her foreclosure, is not giving up the fight for her home. The Pembroke Pines woman and her family are at the apex of fraud, she says, blaming banking errors as well as dicey law firms for the murk of homeownership gone awry she's been navigating for three years.More >>

​Yesterday, the St. Petersburg Times published a terrifying little story that somebody should have written years ago, informing the Floridian public of the awful things that could befall them even after they've foreclosed on their tanking mortgages, and given their housekeys to the banks.

The banks will likely still come for them, reported staff writer Kris Hundley -- and if not the banks, then "a second mortgage holder, a mortgage insurance company or a government entity like Fannie Mae or Freddie Mac."

They will come demanding ex-home-owners pay the difference between the size of their erstwhile mortgages and the amounts for which the lenders had the homes appraised. These debts are called "deficiency judgments," and there will be a lot of them.
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