Posts Tagged ‘sentinel’

Scott signs foreclosure bill

Sunday, June 9th, 2013

rick-scott-signs-documentThe following article was written by Paul Owers in the Sun Sentinel and republished in the South Florida Law Blog with Roy Oppenheim.

Gov. Rick Scott signed a bill Friday designed to speed up foreclosuresin Florida, but critics say the measure is unfair to homeowners.

HB 87 requires homeowners to respond more quickly to foreclosure filings and gives community associations more power in the process.

The bill, sponsored by Sen. Jack Latvala and Rep. Kathleen Passidomo, also requires lenders to have their paperwork in order before filing a foreclosure complaint. And it cuts the time period in which banks can seek a deficiency judgment against homeowners to one year from five.It takes an average of nearly 900 days to complete a foreclosure in Florida, one of the longest time lines in the nation, according to RealtyTrac Inc. Supporters of the bill said the delays resulted in vacant homes that have hurt property values.

“Florida’s housing market is important to our economy’s continuous recovery and this bill will aid in that effort by placing abandoned homes, caught up in the foreclosure backlog, back onto the market,” Scott wrote in a letter to Secretary of State Kenneth Detzner.

But Roy Oppenheim, a foreclosure defense lawyer based in Weston, blasted the law.

He said it places a bigger burden on judges and hurts the due process rights of homeowners, forcing them to prove in their initial court pleadings that they don’t deserve to lose the properties.

“The legislature stuck its nose into the judicial branch unconstitutionally and improperly,” Oppenheim said.

Defense lawyers are expected to challenge the law in court.

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‘Bad Neighbor Banks’ Take Hold In South Florida

Friday, May 4th, 2012

Fish-Eye Lens

  • Banks make bad neighbors.

It’s been one of my mantras for years, and it’s a statement that is again reverberating across the country thanks to The Sun-Sentinel’s 3-part series “Bad Neighbor Banks”.

Thanks to the Sentinel, 60 Minutes, and the National Fair Housing Alliance, we are seeing the hard data that back up my assertion that banks, once they foreclose and take control of a property, just leave them to rot.

The grass no longer gets cut,the garbage accumulates, and before too long you end up with widespread blight not just in urban neighborhoods, but suburbia as well.

It’s the reason why I fight so hard to keep people in their homes. You and I are just better off when you have homeowners, vested in their houses and the neighborhoods they live in, keeping up their homes.

In the Sun-Sentinel’s series there is example after example of banks not doing even the most basic of maintenance. And their argument is usually, ‘It’s not our job’.

A bank has no investment in the neighborhoods you live in, beyond their own bottom line, and the banks have all but admitted it.

“The bank itself has no economic interest or ownership stake in the properties,” a spokesman for Deutsche Bank told the Sun-Sentinel.

So I ask you again, why would you ever want a bank as a neighbor?

The numbers don’t lie. The Sun-Sentinel found 10,300 code violations in bank-owned homes in South Florida since 2007. In the cities they tracked 40 percent of bank-owned homes were cited last year.

So chances are you are living next to one of these eyesores. And I’m betting you’re not too happy about it.
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