Month: September 2014

Second Wave of Foreclosure Hits South Florida

Written By: Emil Fleysher | September 11, 2014 | Debt
Many residents in South Florida are confronting a new second wave of foreclosures and their consequences. Banks are attempting to secure unpaid mortgage debts from foreclosed homes that were lost years ago. Beginning June 1st Dyck O’neal filed nearly 110 alleged deficiency judgments; it is a Texas-based collection company, in Palm Beach County, 200 in
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Southwest Florida Bankruptcy Filings have Lowered Tremendously

Written By: Emil Fleysher | September 10, 2014 | Bankruptcy
A couple of years after the recession, the rate of consumers and businesses filing for bankruptcy have dropped. They have dropped approximately 50 percent in Southwest Florida. Nearly 2,600 companies and residents in Charlotte, Manatee, and Sarasota counties solicited bankruptcy attorneys to defend them against creditors in the last year; this is about half of
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New Law Increases Foreclosures in Palm Beach County

Written By: Emil Fleysher | September 9, 2014 | Debt
July 2014 marks the one-year anniversary of Florida's "Fair Foreclosure Act". The Florida Legislature passed this law requiring, among other things, the plaintiff to confirm in their foreclosure complaint that they are in possession of all the necessary documents to support their case against the defendant. The law also referred to as the "Speedy Foreclosure
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Southwest Florida Bankruptcy Filings Down Substantially

Written By: Emil Fleysher | September 8, 2014 | Bankruptcy
A few years after the peak of the recession, the rate of consumers and businesses filing for bankruptcy have dropped. Bankruptcy filings have dropped approximately 50 percent in Southwest Florida. Nearly 2,600 companies and residents in Charlotte, Manatee, and Sarasota counties solicited bankruptcy attorneys to defend them against creditors in the last year; this is
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Bank of America’s $17 Billion Settlement.

Written By: Emil Fleysher | September 5, 2014 | Debt
Officials intimately close to the case have stated that Bank of America has come to a record-breaking $17 Billion settlement. The purpose is to conclude the investigation in the role of selling the mortgage-backed securities; prior to the 2008 financial fiasco. Furthermore, an official, who requested to stay anonymous, stated that Bank of America will
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