With the highly anticipated Billboard Music Awards coming to a close this past weekend, it is necessary to shine the spotlight on Butler & Hosch, P.A. Who you ask? Butler, one of the older Florida bank Foreclosure mills, abruptly closed its doors last week. A firm with a long standing reputation about as provocative as that of Kanye West (controversial rapper booed before performing at the BBMAs), suddenly announced its demise on Thursday, May 14.
In an exclusive interview, Roy Oppenheim, real estate defense attorney explains the complicated issues surrounding the 5-year-statute-of-limitations in foreclosure cases; for many, a housing dilemma that has become the focus of the entire country.
More than five years after Florida courts were inundated with foreclosure cases, some of those sued have found a way to stay in their homes without paying their mortgages, thanks to a law called the statute of limitations.
Some Florida courts have ruled lenders cannot bring foreclosures if certain criteria are met: the lender must have already filed for foreclosure, demanded payment of all the money borrowed, and lost its foreclosure case. Then, if it failed to file another action within five years of the first lawsuit, the lender can no longer foreclose and evict the residents, some courts have ruled. Continue reading
Tonight on NBC6 in South Florida at 6:15PM, homeowners will finally get the answers they’ve been waiting for.
Big story tonight with NBC reporter and friend, Tony Pipitone, one of the most-honored investigative reporters in Florida, joined the Team 6 Investigators in 2015. Roy will be discussing the growing South Florida housing and foreclosure issues surrounding the 5-Year-Statute-of-Limitations.
“This issue concerns the homes the banks failed to properly foreclose upon and the 5-Year-Statute-of-Limitations-Rules are complex for homeowners to wade through. This segment will be very helpful to the real estate and housing community” Roy, commented.
The segment will air tonight, Thursday on NBC News CH. 6.