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Brwaord County Foreclosure Attorney, Broward County Foreclosure Lawyer, Palm Beach County Foreclosure Attorney, Palm Beach County Foreclosure Lawyer, Miami-Dade County Foreclosure Attorney, Miami-Dade County Foreclosure Lawyer, South Florida Foreclosure Attorney, South Florida Foreclosure Lawyer,

Foreclosures in South Florida are Gradually Improving

New foreclosures dropped dramatically across South Florida last month, though the number of repossessed homes by banks has increased as the courts are clearing up the dockets. According to RealtyTrac, there has been a 53 percent decline since November of 2014 in foreclosure filing in South Florida. In November there were just 831 foreclosure law suits in Palm Beach, Broward and Miami-Dade Counties. Since RealtyTrac began counting in January 2006,

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Broward County Court, Broward County Circuit, Broward County Foreclosure Attorney, Broward County Foreclosure Lawyer, Palm Beach County Foreclosure Attorney, Palm Beach County Foreclosure Lawyer, Broward Foreclosure Lawyer, Broward Foreclosure Attorney, Palm Beach Foreclosure Lawyer

Broward’s Foreclosure Division Needs Senior Judges

Broward County’s foreclosure division is going to need all the help it can get in the next few months to keep its head above water. After several layoffs, harsh budget cuts, and the county taking a huge hit during the collapse of the housing market, it is going to take nothing short of a miracle for the thousands of foreclosure cases to work through the already clogged dockets. The foreclosure

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Zombie Foreclosures, Abandoned Properties, Abandoned Homes, Broward County Foreclosure Defense Attorney, Broward County Foreclosure Defense Lawyer, Loan Modification Attorney, Loan Modification Lawyer,

South Florida’s Zombie Foreclosures Have Plunged

Zombie foreclosure, or abandoned properties that are going through the foreclosure process, have had a dramatic decline in South Florida in the past year. According the RealtyTrac’s Zombie Foreclosure Alert, there has been a 46 percent decline in Zombie Foreclosure during the second quarter of litigation, which translates to about 7,021 properties. An attorney from Royal Palm Beach attributes this to higher knowledge of the law. Residents are aware that

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Bankruptcy, Chapter 7 Bankruptcy, Second lien, Second mortgage, Strip off second lien, strip off second mortgage, Bank of America

Supreme Court Declares 2nd Liens Can’t be Stripped in Chapter 7 Bankruptcy

Banks win out after the Supreme Court ruled on Monday that homeowners cannot rid themselves of a second mortgage by filing for bankruptcy protection. All nine Supreme Court justices unanimously agreed that filing for Chapter 7 bankruptcy will not void a junior mortgage lien when the amount owed by the senior lien surpasses the current amount of the collateral if the homeowner’s claim is both allowed under the bankruptcy code

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Foreclosure, Home Repossesion, Broward County Foreclosure Defence Attorney, Broward County Foreclosure Defence Lawyer,

South Florida Had An Increase Of Foreclosure Activity In March

According to a study by RelatyTrac March had an increase of foreclosure activity, reversing months of declines. February had 4,577 filings in the tri-county area but during March the foreclosure filings went up to 6,329 for the tri-county area. The filing counts as a repossession, a judgment, or a new foreclosure lawsuit. Broward County was at the top of the tri-county area with 3,169 foreclosure filings during March. This is

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new foreclosures, decline in foreclosure, stopping foreclosure, filing foreclosure,

February Shows Major Improvements for Foreclosures

A 35 percent decrease in new foreclosure filings can be seen in Broward and Palm Beach counties, showing how the improving economy and higher home prices are benefiting homeowners. In February 2014 Palm Beach County had 342 new filings, February 2015 only 223. Last year Broward County had 690 new filings in February but in 2015 there have only been 448 new filings. However, Florida still has the third highest

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HELOC, HELOC payments, reset loans, default, underwater properties, inscrease of mortgage payments,

Reset of Loans Causes Increase in Home-Equity Payments

As interest-only periods expire on loans begun during the housing bubble era, 3.3 million homeowners will be facing higher payments during the next four years on home-equity lines of credit, according to RealtyTrac. The Heloc loans that totaled at $158 billion are requiring principal paydowns beginning this 2015 through 2018. There is rising threat over the amount of new defaults due to the new monthly bills increasing an average of

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Broward County Foreclosure, Broward County Foreclosure Lawyer, Miami Dade County Foreclosure Attorney, Miami Dade County Foreclosure Lawyer, Palm Beach County Foreclosure Attorney, Palm Beach County Foreclosure Lawyer

No Foreclosure If No Default Notice Received

The Fourth District Court of Appeal ruled in favor of the homeowner over Deutsche Bank in a foreclosure case over the notice of default. The property that the bank was trying to recover is in Port St. Lucie, one of the cities hit the hardest by the housing bubble; however, the hay the broke the camel’s back came from the mailing address which the notice of default was sent to.

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Broward County Foreclosure Attorney, Broward County Foreclosure Lawyer, Palm-Beach County Foreclosure Attorney, Palm-Beach County Foreclosure Lawyer, Miami-Dade County Foreclosure Lawyer, Miami-Dade County Foreclosure Attorney

When Mortgage Transfers Go Awry

The Fourth District Court of Appeal ruled against HSBC Bank USA in a foreclosure case for lack of standing. The defendants, Donna and Marc Murray, appealed a final foreclosure judgment against the bank with the argument that they failed to validate that the mortgage originator transferred its rights. Judge Melanie May wrote on behalf of the unanimous panel “In this foreclosure puzzle, one of the pieces is missing”. The Murrays

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Rental Properties, renting a house, renting an apartment, homeownership rate, should I purchase or rent,

Landlords Gain As Demand For Rental Properties Increase

In a report provided by the U.S. Census Bureau in Washington, D.C. the amount of properties that are inhabited by renters grew by 2 million last year. The number of available properties to rent has fallen 7 percent in the fourth quarter; the lowest is has been since 1993. Since the job market has picked up more young people are about to leave their parent’s home and start their lives.

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