South Florida Law Blog

Like the never ending horror franchise, deficiency judgments are back. A Florida deficiency judgment occurs when a bank pursues the remaining balance on a mortgage either after a foreclosure or, in theory, after a Florida short sale. Most banks are currently too busy to process deficiency judgments because they are dealing with foreclosures and short sales. Due to the large […]

Weston is Number One! Zip codes with good schools, high paying jobs are topping list. Some areas of South Florida are finally seeing the first steps of a tentative recovery. As reported by the Sun-Sentinel, ten zip codes in Broward and six in Palm Beach County are seeing higher home prices. 33327, in Weston, saw the largest price increase from […]

The Florida Court system, including judges, nearly faced mandatory furloughs and unpaid vacations due to an emergency shortfall in its budget. Court employees faced up to 30 days of unpaid vacation through the end of May. The reason for the short fall was the precipitous drop in foreclosure filings, which generated the fees the courts relied upon for the majority […]

Investors looking for a great deal at Florida foreclosure auctions may want to think twice before clicking “Buy Now”. Records show amateur investors are falling victim to a simple mistake that’s costing them thousands. When novice real estate investors turn up at foreclosure auctions, what they don’t know is they are often bidding on second or third mortgages. These mortgages […]

In an eye-opening piece by 60 Minutes this week, Scott Pelley managed to actually interview robo-signers who had forged documents that allowed banks to foreclose on thousands of homes illegally. As we have discussed over the past few years, these document mills re-created the necessary documents that banks were too lazy to keep track of in the heyday of the […]

Reporting on the winning and losing headlines, South Florida Law Blog brings you the break down and what this means to the Florida homeowner. While South Florida is #1 for mortgage fraud and foreclosure settlement talks between banks and the Obama administration appear futile at best, this week’s new was not all doom and gloom. Check out Oppenheim Law and Weston […]

After a few years of torrential storms blowing against the housing market, residential real estate in the Sunshine State is breaking through the dark clouds. Although the forecast calls for scattered rain showers in 2011, the media is starting to report rays of light that signal a recovery. Consumers are definitely shopping—and they are buying even if it is for […]

Foreclosures are back… just like Freddy Krueger. Just like in the horror films when things start to calm down and get back to normal… out pops Freddy Krueger again to scare the living daylights out of you. Well, that seems to be the case here in Florida as it relates to real estate and foreclosures. The news this past week […]