Florida Courts Push Through Backlog of Foreclosure Cases
Brandon, FL (Law Firm Newswire) January 25, 2012 - If the housing market is not going to recover until the foreclosure backlog is absorbed, then it might be good news that lenders sent out notices to foreclose on almost 11,000 Florida homes in October – an 11-month high.
The Miami area had the most with 4,193 and Tampa Bay and Orlando-Kissimmee each had more than 1,000, according to a RealtyTrac report.
The Tampa Bay Times reported that bankruptcy filings were down most of 2011 and the Tampa Bay area’s filings were down 59 percent from a peak in October or 2010.
“Florida’s mortgage crisis still doesn’t appear to be letting up,” said Brandon bankruptcy attorney Reginald Osenton. “The courts are stuffed with foreclosures.”
The paper reported that foreclosures are coming in waves in Florida because three large law firms collapsed in fall of 2010. The David J. Stern Law Firm abandoned about 100,000 foreclosure cases across the state in March of 2011. As the courts go through all of these cases to alleviate the backlog, the number of filings are fluctuating from month-to-month.
“It is critically important to hire an attorney who understands foreclosure law and bankruptcy law if you are faced with this situation,” Osenton said.
Another result of the mess created by law firm collapses is the state’s mediation program has struggled to be successful. The Florida Supreme Court created the program to help keep people in their homes by negotiating with banks to restructure their mortgage.
Many Florida homeowners have found filing for bankruptcy to be the best way to keep them in their home. The Osenton Law Offices have experienced attorneys who can help Floridians save their home when faced with foreclosure. To learn more or to contact a Brandon bankruptcy lawyer or to contact a Brandon foreclosure defense lawyer, visit http://www.brandonlawoffice.com.
Osenton Law Office, PA
500 Lithia Pinecrest Road
Brandon, Florida 33511
Call: (813) 654-5777
- Special Limits on Wage Garnishment
In a previous blog post, http://www.brandonlawoffice.com/2016/06/heres-how-much-of-your-wages-can-be-garnished-to-pay-your-debts, we covered the broad limitations that federal and state laws place on wage garnishment. Wage garnishment is when a creditor sues you to have part of your income diverted directly to them to pay your debts. There are certain general limitations on how much of your income may be […]
- Here’s how much of your wages can be garnished to pay your debts
If you do not pay your debts, your creditors may try to take a portion of your income directly from your employer. This is called wage garnishment. Fortunately, there are limits to how much of your income may be garnished so that you can hopefully keep paying your basic living expenses. The limits are based […]
- Another family law reform bill falls to Gov. Scott’s veto pen
Florida Gov. Rick Scott vetoed a contentious bill that would have reformed the state’s alimony system and altered rules on child custody in divorces. The bill would have required judges in divorce proceedings to adopt a premise for approximately equal time-sharing of children between spouses. Judges could adjust the split based on 20 factors listed […]
See other news sources publishing this article. BETA | Tags: brandon bankruptcy attorney, brandon bankruptcy attorneys, brandon bankruptcy lawyer, brandon bankruptcy lawyers, brandon lawyers, tampa bankruptcy attorney, tampa bankruptcy attorneys, tampa bankruptcy lawyer, tampa bankruptcy lawyers