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Bad News for Property Owners?


South Florida Courts Slash Through Foreclosure Backlog.   When it comes to foreclosure lawsuits, good news for the judiciary could spell havoc for property owners. In the wake of the 2008 housing crash that left South Florida one of the hardest hit regions in the country, courts soon realized how unprepared they were for the […]


Attorney points to award structure for rise in TCPA lawsuits

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By Jessica M. Karmasek WASHINGTON (Legal Newsline) – In the last few years, the number of Telephone Consumer Protection Act lawsuits has increased significantly, and one Washington, D.C., attorney contends it’s the award structure attached to it that attracts many would-be filers. Steve Augustino, a partner at Kelley Drye & Warren LLP, said the rise started […]


U.S. Market Had 39,000 Completed Foreclosures in December


Residential News » United States Edition | By WPJ Staff | February 10, 2015 8:23 AM ET According to CoreLogic’s December 2014 National Foreclosure Report, there were 39,000 completed foreclosures nationwide in December 2014, down from 46,000 in December 2013. This represents a year-over-year decrease of 13.7 percent and a decrease of 66 percent from […]


Tampa Bay led nation in completed foreclosures in 2014

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Samuels Realty and Investments Wells Fargo totally remodeled this foreclosed home on Nevada Avenue NE in Shore Acres before putting it on the market at $239,000. A bidding war is predicted. Tampa Bay led all major U.S. metro areas in completed foreclosures last year as lenders took back nearly 18,400 homes, houses and condos — […]


Too Late to Foreclose?


Florida Mortgage Foreclosure Statute of Limitations posted on: Tuesday, December 30, 2014 As many lenders know, Florida has a five year statute of limitations for mortgage foreclosures. This requires that a foreclosure lawsuit be filed within that amount of time following the borrower’s default. But what happens if a foreclosure is filed and then dismissed? […]


Florida’s foreclosure crisis far from over


Housing is still unaffordable Brena Swanson January 5, 2015 Florida remains one of the top states for foreclosures, despite the rest of the nation reporting a steady recovery. According to foreclosure lawyer Dillon Graham of Graham Legal, the future of real estate in Florida is not all positive. “While everyone is excited about the additional […]


Florida tops in foreclosures again, 13 of last 14 months


By Mary Shanklin, Orlando Sentinel Florida: Sunshine, beaches, and tops in foreclosures 13 of last 14 months. Foreclosure rates higher on mortgages approved this year than last year. A year and a half after the Florida Legislature approved a foreclosure-streamlining measure, the state continues to lead the nation for its rate of home repossessions. It was […]


Supreme Court to Review Second-Mortgage Bankruptcy Liens

With Loans Underwater, Second Lien Is Valueless, Homeowners Argue; Lenders Disagree By Katy Stech Updated Nov. 17, 2014 6:48 p.m. ET The country’s top court Monday agreed to hear arguments on whether homeowners can cancel their second mortgages in bankruptcy when their properties aren’t even worth the value of the first mortgage. The Supreme Court […]


South Florida reclaims dubious title: Top for foreclosures


by Brian Bandell Senior Reporter- South Florida Business Journal Nov 13, 2014, 6:00am EST Just when it seems the real estate economy in South Florida has turned the corner, RealtyTrac found that the region had the nation’s highest metro area foreclosure rate in October. One out of every 363 housing units in the tri-county area […]


Florida still leads nation in foreclosure activity

By Martha Brannigan / The Miami Herald / MBRANNIGAN@MIAMIHERALD.COM Florida posted the highest foreclosure rate for the eighth month in a row in May, according to RealtyTrac. Even as Florida’s housing market has made major strides toward recovery, foreclosures grind on. Florida posted the highest foreclosure rate for the eighth month in a row in […]