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Even if the tax credit is extended, don't expect it to trigger a quick housing rebound. Although home prices have plunged about 30% on average from their peak in mid-2006, with certain markets in Florida, California and Nevada seeing prices plummet as much as 70%, they haven't troughed yet. With foreclosures still rising and unemployment expected to approach 10.5% in mid-2010, home prices are expected to tumble another 10% over the next six months before bottoming, says Robert Stevenson, managing director at Fox-Pitt Cochran Caronia Waller. And he expects prices to remain depressed until...

Author: /time Magazine | Title: Should the Home Buyers' Tax Credit Be Extended? | 11/4/2009 | See Source »

...virus, pets don't normally get sick with the regular human flu. "There has never been a report of human seasonal influenza affecting cats or dogs," says Dr. Julie Levy, director of Maddie's Shelter Medicine Program at the College of Veterinary Medicine of the University of Florida. See the top five swine...

Author: /time Magazine | Title: I Can Has Swine Flu? A Cat Comes Down with H1N1 | 11/4/2009 | See Source »

...Born in November 1972 to Orthodox Jewish parents in Florida. His father was a military dentist and his mother a medical secretary. His family later moved to Norfolk, Virginia...

Author: /time Magazine | Title: Accused Jewish Terrorist Jack Teitel | 11/3/2009 | See Source »

...wouldn't be the first time Abadi has faced such questions. Last year the Florida Board of Auctioneers, which is part of the state's Department of Business and Professional Regulation, sanctioned Abadi twice for violating its rules regarding "false, deceptive, misleading or untruthful advertising." In 2007, Abadi's Illinois auction license was suspended indefinitely for failure to comply with the state's continuing-education requirements. He also had a run-in with Wisconsin regulators in 2002 for "failing to include required information in a published advertisement." Gavin Abadi would not discuss his brother's infractions but said that...

Author: /time Magazine | Title: Coming Soon to Your Town: Fake 'Madoff' Auctions? | 11/2/2009 | See Source »

...homeowners. Courts that cover Miami-Dade now require such arbitration, as do courts in cities like Philadelphia. But the efforts to modify mortgage terms or find other ways to avoid full-blown foreclosure don't always work, and many cases still end up in court. State bar associations like Florida's are also promoting pro bono foreclosure work. The effort is helped, says Lombardi, by a new awareness among many lawyers who once deemed foreclosure victims foolish, lazy or unethical borrowers but who now realize "this is often about decent, hardworking people who fell prey" to loans whose conditions weren...

Author: /time Magazine | Title: Where Are All the Foreclosure Lawyers? | 10/24/2009 | See Source »

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