Bank and lender repossessions totaled more than 6,700 in July 2012 states an article recently published in the Palm Beach Post. That staggering amount of lender repossessions was a jump of 38 percent from last year and seems to buck the national trend showing that lenders are repossessing fewer and fewer homes ...
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Once Again Florida Foreclosures Rise
Published on August 13, 2012 by Justin L. Seekamp
Published in Residential Foreclosure
Florida’s Seniors Increasingly Face Foreclosure Spectre
Published on August 12, 2012 by Justin L. Seekamp
Florida’s seniors, those age 65 or older, are seeing rates of foreclosure increase as the global recession deepens, showing that even those who may have not purchased their homes during the housing craze of the early to mid-2000’s are still feeling the effects of foreclosure.
The Palm Beach Post* revealed that for ...
Published in Residential Foreclosure
Florida Eases Mortgage Aid Rules
Published on July 3, 2012 by Justin L. Seekamp
Florida’s Housing Finance Corp., which administers the federal Hardest Hit Fund, a fund developed to help out distressed home owners unable to pay their mortgages, has decided to relax some of its guidelines and giving distressed homeowners more assistance.
In one change, now Florida Housing Finance Corporation will provide unemployed or underemployed ...
Published in Residential Foreclosure
Florida Supreme Court To Hear Important Foreclosure Case
Published on May 9, 2012 by Justin L. Seekamp
Florida’s Supreme Court, the highest court in Florida, is set to hear arguments on its first significant foreclosure case since the housing collapse. The outcome of the case could, as many banks warn, cause “widespread financial crisis” if the Supreme Court sides with the homeowner.
The Florida Supreme Court has decided to ...
Published in Residential Foreclosure
Foreclosure Complaints About Attorneys Skyrocket
Published on May 3, 2012 by Justin L. Seekamp
Complaints filed with the Florida Bar, the body that regulates the over 90,000 attorneys in Florida, by individuals against attorneys and law firms involved in foreclosures and foreclosure defense have seen a precipitous increase over the past several years.
Our reference reveals that the Florida Bar has fielded nearly 1,400 complaints against ...
Published in Residential Foreclosure
Foreclosure Filings On The Rise!!!
Published on April 30, 2012 by Justin L. Seekamp
A few months after the moratorium by many large lenders on foreclosure filings and after what appeared to be a downturn, a recent article reveals that filings for the first half of 2012 have jumped in several major Florida cities.
The article revealed that virtually all cities in Florida reported jumps in ...
Published in Residential Foreclosure
North Miami Mayor Facing Foreclosure
Published on April 27, 2012 by Michael J. Merrill
The Miami Herald has reported the Mayor of North Miami, Andre Pierre, and his wife are facing foreclosure of their home. This news is juxtaposed with recent reports of foreclosure filings on a slight decline for Miami-Dade County, when compared to last year.
The Pierres allegedly stopped paying their mortgage on August ...
Published in Residential Foreclosure
Short Sales Outnumber Foreclosures
Published on April 18, 2012 by Justin L. Seekamp
Home sales from short sales are outnumbering home sales that have come from properties that have gone through the foreclosure process.
This uptick in related home sales comes amid a change of practice for many large lenders who have seemingly realized that sales from foreclosures typically result in less return for lenders ...
Published in Residential Foreclosure
Foreclosure Affects More Than Just Homeowners
Published on April 4, 2012 by Justin L. Seekamp
Florida’s foreclosure debacle has affected more than just Florida’s unfortunate homeowners, the court systems throughout the state of Florida have been dealing with the onslaught of foreclosure case filings that have left many circuits with numerous questions regarding funding.
What has caused Florida’s courts to be so affected by the foreclosure process?
...
Published in Residential Foreclosure
