Foreclosure Help | Miramar Florida

NEW YORK (CNNMoney) – If the Obama administration really wants to save the housing market, it should speed up the foreclosure process — not prolong the inevitable, experts say.
Four years into the housing crisis, the real estate market is still teetering on the edge. The Obama administration has tried one program after another to stem the tide of foreclosures with limited success. And it is continuing to look for ways “to ease the burden on struggling homeowners,” though no new initiative is imminent, the White House said this week.
But some …

Do you have sympathy for all the homeowners mounting foreclosure defense cases?  Are they just scamming the system or do they have a genuine grievance?
Many would argue that even if the banks didn’t follow all the procedures properly, the bottom line is that if you aren’t paying your mortgage, you don’t deserve to keep the home.
This would appear to be the attitude of some (many?) of the judges in Miami and south Florida who are presiding over foreclosure defense cases.
There is such a backlog of cases – 70,000 in Miami …

According to today’s Miami Herald, there is an unprecedented surge of houses for sale in South Florida. In other words, there is an increase of the supply side, when at the same time there is less of a demand due to the surplus, not to mention the inability of buyers to obtain financing .
Some explanations to this trend is the end of the first  home buyer’s credit, clearly shown by the decrease in pending sales since the last day to be in contract which was April 30th.
What is making matters …

According to The Sun Sentinel on 8/11/10,  Home Owner Associations are fighting back more aggressively against foreclosures and are taking units back through a process called “reverse foreclosure”.
Basically the association forecloses on the property and during the process petitions the court to assign a certificate of title to the bank. This triggers the payment of past due fees of up to one year’s worth.
Another bill that came into effect on July 1, authorizes the bank to demand payment from the tenant. Should they fail to pay,  the tenant is evicted …