Oct 3, 2017 | Bankruptcy and Foreclosure Proceedings
Last week, we began to discuss how one South Florida homeowner learned that a deficiency judgment was filed against him claiming that he still owed the bank $151,461 for the beach home he lost to foreclosure. The man has no full-time job and is struggling to make his...
Oct 3, 2017 | Bankruptcy and Foreclosure Proceedings
The Florida Housing Finance Committee just announced that Florida homeowners may begin to apply for a share in the $1 billion of federal funds available through the Hardest Hit foreclosure prevention program. Applications will be accepted beginning on April 18, 2011...
Oct 3, 2017 | Bankruptcy and Foreclosure Proceedings
Florida judges have been overwhelmed by the massive number of foreclosure cases awaiting decisions. In an effort to reduce the backlog of foreclosure cases, Florida lawmakers awarded the courts $6 million to hire more judges and case managers last year. As a...
Oct 3, 2017 | Bankruptcy and Foreclosure Proceedings
The last couple of posts on our Miami bankruptcy law blog have truly highlighted the foreclosure mess in Florida and the financial crisis that thousands of homeowners are facing across the nation. Although many hope that more homeowner’s will find some financial...
Oct 3, 2017 | Bankruptcy and Foreclosure Proceedings
Our Miami bankruptcy law blog has extensively discussed how the economy and foreclosure crisis have devastated many families who have had to give up their Florida homes these past few years. To make matters worse, it was discovered last fall that many lenders and...
