Refusing to let banks and lenders continue to steamroll homeowners and their rights, I recently submitted an Opinion Editorial to the Sun-Sentinel describing the consequences the State of Florida is facing if it continues to allow deficiency judgments on foreclosed properties.
My article was published in the paper’s Sunday Outlook section. Here’s a summary of why I believe the United States of America sure seems to be turning into the Divided States of America.
States like Florida are allowing their homeowners to suffer and be enslaved by debt even after the foreclosure process, while homeowners in many other states are free from this obligation.
Thankfully, members of the Florida Legislature are starting to realize they either need to change the laws or continue to watch the Florida population implode while the economy continues to tank.
“The model is broken, and it won’t get fixed until there is a national uniform standard,” I wrote. “The options are: All states become recourse states, like Florida, and every homeowner becomes a servant to the banks, or Florida can stop sucking up to the banks, get competitive with other non-recourse states like California and stick up for the little guy.”
The entire article is posted in the Oppenheim Law News Room.
My good friend, Julie Kay, recently wrote a South Florida Business Journal story on the mixed reviews for the government’s Home Affordable Modification Program, or HAMP, as legislators like to call it.
