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Are you over the economic housing crisis and foreclosures South Florida?

Tue Oct 21, 2014 by on Florida Law News

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In a recent article by editor Paul Owers, the Sun Sentinel reported that “New foreclosure cases declined across South Florida” in September and the third quarter, according to a report Thursday from RealtyTrac Inc.

Published exerpts by Roy Oppenheim in the article are republished here; but WAIT, there’s so much more!

retirementNOTReal Estate rumor mill – take note:  Rumor has it from a highly-credentialed source that –  the retired South Florida  ‘Judges’ appointed about 6 years ago to come out of retirement are yet, retiring again. Yes!

Once again, what started as a special division to push foreclosures in Florida through the judicial system more quickly has come to a screeching halt!

As legislature would have it, there are NO funds in the budget to renew the ‘part-time, old-timers’ contracts to keep the foreclosure housing crisis flowing quickly through the system. Senior judges are no longer afforded the special allocations. Happy retirement; again, foreclosure Judges.

The reason why?

retirementAccording to the Sun Sentinel, “Broward had 180 filings last month, down 59 percent from September 2013. In the July-through-September period, Broward foreclosure starts dropped 63 percent. And, Palm Beach County had 381 filings in September, off 45 percent from a year earlier. Third-quarter starts fell 23 percent.”

Roy Oppenheim, a South Florida foreclosure defense lawyer, according to the Sun Sentinel, said other factors could contribute to more foreclosures, though he doesn’t expect the problem to return anywhere close to the crisis levels of 2008 and 2009.

 Fewer homeowners are completing short sales because the tax benefit disappeared. And the economy is showing signs of slowing down, said Oppenheim, who is expanding his Weston offices with the expectation of increased business in the months and years ahead.

“There will always be foreclosures out there,” he said. “It’s going to be become a permanent part of the economy.”

Latest 2014 polls show Gov. Rick Scott and Charlie Crist in tight race with only one month left. Oppenheim says, "Fla. real estate needs to be addressed by both."

Latest 2014 polls show Gov. Rick Scott and Charlie Crist in tight race with only one month left. Oppenheim says, “Fla. real estate needs to be addressed by both.”

The South Florida Law Blog invites both Gov. Rick Scott and Charlie Crist to watch this and address our untapped Florida economic resource dealing (still!) with foreclosure issues.

In the Trenches, 
Roy Oppenheim

Tags: Florida Government, foreclosures, housing, Real Estate, south florida housing crisis