Month: December 2011

HOA Prodding Resistant Banks to Act on Distressed Condo Units

Written By: Emil Fleysher | December 26, 2011 | Bankruptcy
In addition to homeowners, Home Owner's Associations (HOA) are victims of the foreclosure crisis as well. When homeowners stop paying maintenance fees or assessments, associations start facing serious problems. Some associations have more than 50% of their units delinquent. Under Florida law, HOAs can foreclose on owners for the delinquent fees and can take a
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Florida Supreme Court Reopens Settled Foreclosure Case

Written By: Emil Fleysher | | Foreclosure
The Florida Supreme Court decided it would consider a settled foreclosure fraud claim as an issue of great public importance that may dramatically affect the mortgage foreclosure crisis in this
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Fannie & Freddie Suspend Foreclosure Evictions for the Holidays

Written By: Emil Fleysher | December 2, 2011 | Foreclosure
National mortgage backers Freddie Mac and Fannie Mae announced this morning that they are suspending foreclosure evictions and lockouts from Dec. 19 through Jan. 2, 2012.
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