Foreclosure Freeze: Good For Distressed Owners, Bad for South Florida Real Estate Market

The recent decision by some banks to freeze their foreclosure process while they investigate their procedures for handling foreclosures has a mixed effect on South Florida’s real estate market.  While it may be a good thing for distressed owners who really want to keep their homes, it is probably not a great thing for current buyers and the overall real estate market.  The reality of too many homeowners who bought at the height of the market, owners who are currently underwater, unemployed, or simply bought way more house than they could afford when banks were in a lending frenzy, means the majority of homes in foreclosure now probably will still be there at the end of the investigation.  Yes, there are stories of homes foreclosed improperly, including that of an owner who had paid cash on the house, and many of the banks and their foreclosure attorneys have become mills that may have filed paperwork incorrectly or downright fraudulently (this is the fraud capital of the United States, unfortunately).   These procedures should be investigated, stopped and punished.  In the meantime, buyers who are currently under contract are in limbo and the real estate market, which has been slogging through high inventories, may slow since approximately 40% of the home sales in South Florida are made up of bank-owned properties.

About The Author

Jennifer Wollmann


  1. descargar facebook December 4th, 2018 at 2:18:49 am

    Great beat ! I wish to apprentice while you amend your
    web site, how could i subscribe for a blog web site? The account helped me a acceptable deal.

    I had been tiny bit acquainted of this your broadcast offered bright
    clear concept

  2. What Equipment is Needed for Sling TV November 18th, 2018 at 10:17:28 pm

    You actually make it appear so easy with your presentation but I find this topic
    to be really something which I think I’d never understand. It
    sort of feels too complicated and extremely wide for me.
    I’m having a look forward in your subsequent post, I will attempt to get the hang of it!

  3. Sling TV November 15th, 2018 at 10:01:05 am

    An outstanding share! I have just forwarded this onto a co-worker who had
    been doing a little homework on this. And he actually
    ordered me breakfast due to the fact that I found it for
    him… lol. So allow me to reword this…. Thanks for the
    meal!! But yeah, thanx for spending the time to talk about this subject here
    on your blog.

  4. What Equipment is Needed for Sling TV November 14th, 2018 at 1:43:20 am

    Hi there, I found your blog by way of Google whilst looking for a related matter, your
    site came up, it appears to be like great. I have bookmarked it in my google bookmarks.

    Hi there, simply became aware of your blog via Google, and found that it is
    really informative. I am gonna be careful for brussels.
    I will appreciate if you proceed this in future.
    Numerous people will probably be benefited from
    your writing. Cheers!

  5. Sling TV November 11th, 2018 at 3:52:17 pm

    Quality content is the secret to be a focus for the users to pay
    a quick visit the web site, that’s what this web site is providing.

  6. Sling TV November 11th, 2018 at 3:33:09 pm

    I’ve read some good stuff here. Definitely value bookmarking for revisiting.
    I wonder how so much effort you put to create such a wonderful informative site.

  7. Sling TV November 10th, 2018 at 8:06:39 pm

    Hello every one, here every one is sharing
    such knowledge, therefore it’s nice to read this website, and I used to visit this web site daily.

  8. Sling TV November 10th, 2018 at 1:48:40 pm

    You need to be a part of a contest for one of the highest quality blogs on the internet.

    I’m going to recommend this site!

  9. What Equipment is Needed for Sling TV November 10th, 2018 at 12:36:05 am

    Hello exceptional website! Does running a blog similar to this require a great deal of work?
    I have virtually no understanding of coding however
    I was hoping to start my own blog soon. Anyhow, if
    you have any recommendations or tips for new blog owners please share.
    I understand this is off subject but I simply had
    to ask. Thanks!

  10. Quest Bars Cheap November 8th, 2018 at 9:15:21 pm

    Hello, Neat post. There is an issue together with your site in web explorer, could check this?
    IE nonetheless is the market chief and a
    big part of other people will pass over your wonderful writing because of
    this problem.

  11. Quest Bars Cheap November 6th, 2018 at 8:43:32 pm

    I would like to thank you for the efforts you have put in writing this blog.
    I really hope to view the same high-grade blog posts from you
    later on as well. In fact, your creative writing abilities has motivated me to
    get my own site now 😉

  12. Your comment is awaiting moderation.
    descargar facebook November 5th, 2018 at 2:06:57 am

    Descargar facebook descargar facebook
    Amazing! Its genuinely remarkable post, I have got much clear idea about from this paragraph.
    Descargar facebook descargar facebook

  13. quest bars cheap November 5th, 2018 at 1:08:37 am

    Quest bars cheap fitnesstipsnew1 quest bars cheap 516999410492780544 quest bars cheap
    An outstanding share! I’ve just forwarded this onto a coworker
    who had been doing a little research on this. And he in fact ordered me lunch simply because I
    stumbled upon it for him… lol. So allow me to
    reword this…. Thanks for the meal!! But yeah, thanks for spending some time
    to discuss this subject here on your web site. Quest bars cheap fitnesstipsnew1 quest bars cheap 516999410492780544
    quest bars cheap

  14. descargar facebook November 2nd, 2018 at 5:55:55 pm

    These are really wonderful ideas in about blogging.
    You have touched some nice factors here. Any way keep up

  15. descargar facebook November 2nd, 2018 at 8:12:54 am

    An intriguing discussion is worth comment. I think that you need
    to publish more about this topic, it might not be
    a taboo matter but typically people don’t speak about such topics.
    To the next! All the best!!

  16. Health Benefits of Coconut Oil October 29th, 2018 at 3:33:34 pm

    I always used to read article in news papers but now as I am a user of net therefore from now I am using net for
    articles, thanks to web.

  17. Coconut Oil October 27th, 2018 at 2:40:16 pm

    I think this is one of the most vital information for me.
    And i’m glad reading your article. But want to remark on few
    general things, The web site style is wonderful, the articles is really
    nice : D. Good job, cheers

  18. Coconut Oil Benefits October 27th, 2018 at 11:55:28 am

    What a stuff of un-ambiguity and preserveness of valuable
    knowledge concerning unpredicted feelings.

  19. Health Benefits of Coconut Oil October 24th, 2018 at 8:44:37 am

    Oh my goodness! Impressive article dude! Many thanks,
    However I am experiencing troubles with your RSS.

    I don’t understand why I can’t subscribe to it. Is
    there anybody else getting identical RSS problems?
    Anyone who knows the solution can you kindly
    respond? Thanx!!

  20. Benefits of Coconut Oil October 21st, 2018 at 12:07:45 pm

    What’s up, this weekend is good in support of me, for the reason that
    this moment i am reading this impressive educational piece of writing here at my

  21. Coconut Oil Benefits October 19th, 2018 at 11:56:51 am

    Do you mind if I quote a couple of your posts as long as I provide credit and sources back to
    your weblog? My blog is in the exact same area of interest as yours and my visitors
    would really benefit from some of the information you provide
    here. Please let me know if this ok with you. Thanks a lot!

  22. minecraft secret free download October 18th, 2018 at 7:16:21 am

    Aw, this was a really good post. Finding the time and
    actual effort to create a very good article… but
    what can I say… I procrastinate a lot and don’t manage to get nearly anything done.

  23. tinder dating site October 16th, 2018 at 8:55:19 am

    Pretty section of content. I just stumbled upon your web site
    and in accession capital to assert that I get actually enjoyed account
    your blog posts. Any way I will be subscribing to your feeds and even I
    achievement you access consistently quickly.

  24. tinder dating site October 16th, 2018 at 2:42:32 am

    I have been exploring for a bit for any high quality articles or weblog posts on this kind of area .
    Exploring in Yahoo I finally stumbled upon this site.
    Studying this info So i’m happy to show that I’ve an incredibly excellent uncanny feeling
    I came upon exactly what I needed. I so much certainly will make certain to don?t overlook this web site and provides
    it a glance on a continuing basis.

  25. minecraft October 7th, 2018 at 9:02:52 am

    Hello, i believe that i noticed you visited my website thus i got
    here to return the favor?.I’m trying to in finding issues to enhance my web site!I guess its adequate to
    make use of a few of your ideas!!

  26. minecraft October 7th, 2018 at 8:16:43 am

    I do agree with all the concepts you’ve introduced to
    your post. They’re very convincing and can certainly work.
    Still, the posts are too quick for starters. May just you please extend
    them a little from next time? Thank you for the post.

  27. minecraft October 5th, 2018 at 8:28:39 pm

    Piece of writing writing is also a excitement, if you be familiar with
    then you can write if not it is complicated to write.

Leave A Comment

Affiliates & Brokerages