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Tag: 5-year foreclosure limit

The economy is up, foreclosures are down but re-foreclosures are also up

Tue Jun 10, 2014 by on Florida Law News

As the Florida real estate and general economy are improving, with average sales prices increasing, the number of foreclosures dropping and unemployment also increasing a funny thing happened as we continue through this recovery: re-foreclosures are up. Re-foreclosures you ask?  That’s right. A re-foreclosure is when the bank for whatever reason dismissed the first foreclosure or in some cases homeowners […]

Court tosses 5-year foreclosure limit

Tue Apr 29, 2014 by on Florida Law News

“I understand they don’t like the idea that people can end up with free houses but this undermines and defies the purpose of a statute of limitations,” said foreclosure defense attorney Roy Oppenheim, who is fighting a high-profile foreclosure deadline case in Boca Raton in which homeowners stand to win a multimillion-dollar waterfront mansion. “This is going to create a bizarre and unintended set of circumstances.”