If you thought they were gone, think again. The foreclosure phenomenon known as a ‘zombie foreclosure’ has proven that it is here to stay. A zombie foreclosure occurs when homeowners leave their homes when they receive a notice of foreclosure only to find out years later that the bank decided not to foreclose on the property; leaving title in the […]
Tag: zombie foreclosures
South Florida Real Estate Could Use a #FanGate, too! The 2014 Florida Gov. Gubernatorial Race Heats Up.
#Fangate overshadows weirdest start of the FL. Gov. gubernatorial debate as the 900 pound invisible gorilla in South Florida seeks answers. While the Florida real estate market is heating up in Florida and particularly South Florida, all eyes are also watching the 2014 Florida gubernatorial election between candidates Charlie Crist (D) and Rick Scott (R) -both parties openly discuss education, […]
This post by Roy Oppenheim was originally published in Yahoo! Homes and is being redistributed on South Florida Law Blog with their permission. Recently, we won a court victory against one of the nation’s biggest financial players. Our client, who had a $2.5 million mortgage, stopped making payments after the bank forced placed insurance on the home, even though he […]
It’s a case of Dawn of the Dead called zombie foreclosures. In addition to the wave of Florida foreclosure cases expected once the banks get their paperwork in order and begin to foreclose on new homes again, a different wave of foreclosure cases is also ready to crest. The second wave is the zombie foreclosure wave. The zombie cases are […]