July 2013 CoreLogic Report Shows Florida No. 1 in the USA for Foreclosures and Foreclosure Inventory with Florida Homeowners Facing Foreclosure Having Even Bigger Fight on Their Hands.

| July 30, 2013

Today, research and analysis company CoreLogic® released its June 2013 National Foreclosure Report and the numbers of foreclosures across the United States has dropped twenty percent in the past year while from May 2013 to June 2013, the number of completed foreclosures (where the owners have officially lost their homes) went up by 2.5%. The […]

Florida Vacant Foreclosure Homes: One-Third of U.S. Foreclosed Homes Sitting Vacant Sit in the State of Florida Per RealtyTrac Report

| July 2, 2013

Florida foreclosures are still making the record books: a new report from RealtyTrac reveals that the State of Florida has more than FIVE times the number of vacant foreclosure homes than the next 5 states if you added all those states’ vacant home totals together. Florida has 55,000+ vacant homes in foreclosure; Illinois, California, Ohio, New […]

Palm Beach Administrative Order Brings Rocket Docket Back to South Florida Foreclosures: What Does This Mean, Good and Bad, to South Florida Home Owners?

| February 26, 2013

Last week, an Administrative Order was issued by the Chief Judge for the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida that will have a huge impact on Florida home owners and South Florida borrowers dealing with foreclosure issues.  (Read the Order here.) Why the Palm Beach County Administrative […]

Florida Judicial System Needed for Fairness in Florida Housing Crisis: Bad Acts Demonstrate Need for Courts, Not Reason to Throw Out Established Florida Legal Standards

| February 5, 2013

Yesterday, Florida’s foreclosure situation hit the national news again, as NPR picked up WUSF reporter Robin Sussingham’s story, “Foreclosure Process Hammers Florida’s Housing Market,” where the impact of Florida’s judical process – and our state’s judicial foreclosure system – is considered as a contributing factor to Florida having the highest foreclosure rate in the nation, […]

Florida Short Sales and Florida Foreclosure Defense Deadline for Tax Benefits is Now December 31, 2013 After Fiscal Cliff Legislation Signed Into Law Today

| January 3, 2013

When you hear the talking heads discuss how Washington has “kicked the can down the road,” for Florida home owners and those Floridians interested in short sales or mortgage foreclosure defense this means one thing: they’ve got one more year to get their property sold. According to the Fiscal Cliff legislation that was signed into […]

Foreclosure Lawsuits and the Rocket Docket of Foreclosure Cases: Miami-Dade County Is Setting Old Foreclosure Cases for Trial and Pushing Foreclosures Forward

| December 20, 2012

Foreclosure lawsuits are proceeding to trial here in Miami, and it’s being reported that the Miami-Dade Circuit Court, with its foreclosure docket,  is the busiest circuit court in the entire state.   According to the Miami-Dade Clerk: there have been 24,289 foreclosure filings this year (not counting December 2012); there were 16,672 foreclosure filings in […]

Florida Strategic Defaults: Attitudes Are Changing and Strategic Defaults on Underwater Mortgages May be On the Rise in Florida – Why You Need a Lawyer in a Strategic Default

| October 30, 2012

Last week, TIME Magazine’s Martha C. White wrote an article asking the following question, “Is the Stigma of Ditching Your Underwater Mortgage Fading? ” and the conclusion reached in that piece shouldn’t be much of a surprise to most anyone living here in foreclosure filled South Florida.  The answer is Yes. Yes, the stigma of […]

Federal Housing Finance Agency Pushes Banks to Go After Home Owner Borrowers for Deficiencies: October 17 Report Wants More Revenue to Fannie Mae and Freddie Mac From Deficiency Collections

| October 18, 2012

Watch out: yesterday a new report was released by the Federal Housing Finance Agency (FNFA) (you can read it online here) that finds mortgage bank agencies Fannie Mae and Freddie Mac  could increase their revenue by aggressively going after collection of deficiencies on home loans and on deficiency judgments.  Apparently, when they looked at the […]

Broward County, Florida Is Number One in the Country in Foreclosures Being Filed – What Florida Borrowers Should Know About Foreclosures in South Florida and Broward County

| October 11, 2012

The latest statistics have been compiled, and our neck of the woods is making the news again.  Just as the State of Florida hits the top spot for foreclosures in the United States, Broward County is first in the state for foreclosure filings. 858 Days to Foreclose in Broward County, Florida Right now, it takes […]

In Florida, Homeowners Deciding Between Short Sale vs Foreclosure and When to Buy a Home Again – Things to Consider

| October 2, 2012

Short sales in Florida are a bittersweet option for the Florida home owner in trouble on their mortgage, because by definition the “short” of the sale means the sales price does not cover the amount left on the mortgage and there will be a balance left due and owing by the home owner who sold […]