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Better Homes and Gardens Real Estate Expands Reach to South Florida with Addition of Florida 1st
Better Homes and Gardens Real Estate Expands Reach to South Florida with Addition of Florida 1st
RISMEDIA, March 3, 2010—Better Homes and Gardens Real Estate LLC announced the addition of Florida 1st, a leading Ft. Lauderdale-based real estate brokerage, to its growing national franchise network. Florida 1st will now operate as Better Homes and Gardens Real…
Read more on RISMedia Real Estate News
Foreclosure Bill of Rights being mulled over in Florida
The measure backed by the bank to expedite foreclosure cases
has led to the Democrats agitatedly fighting back to restore the rights
of the borrowers in the Legislature.
State Senator Dave Aronberg together with Rep. Darren Soto are
thinking of introducing a “Foreclosure Bill of Rights” opposing a
measure that has yet to be enforced.
The latter would have allowed the lenders of mortgages to possess
their properties without having to go to court.
This war has placed the president of the Senate Jeff Atwater, who is
also a banker from North Palm Beach into an awkward situation with over
500,000 residential houses in Florida passing through the foreclosure
process.
Homeowner associations are complaining that that they are not getting
their dues because of this huge backlog of foreclosures pending in the
courts. It could take nearly two years or perhaps more to be completed.
But in the election year in Florida the unemployment figure has run
into double digits and it has not stopped there. The Florida Bankers Association
has lobbied hard to expedite the process. But with this new stand by
Aronberg and Soto, things would not be as easy as they had expected.
Atwater said, “Imagine here you are asking public policy makers to
consider accelerating someone’s loss of their home. I think that’s going
to be a very tender spot to go.” The bankers are in a tough jam with
public outcry against what they have done with the bailout funds.
Aronberg, a lawyer by profession is targeting the post of the
Attorney General. Referring to the banker’s proposal he said that it
“pushed him over the edge.” He explained that it challenges the
constitutional rights of the residents of Florida to their taking legal
action against wrongs.
Aronberg pointed the accusing finger at the increase in foreclosure
rate – the work of “large institutions that helped create this economic
crisis through their own reckless behavior and in some cases fraudulent
behavior.” His area stretches from Palm Beach County right across
Florida to Lee County – it having the 2nd highest number of foreclosures
in USA in 2009.
The bill initiated by Aronberg would keep the foreclosure issue
within the bounds of the judiciary. It would make mediation compulsory
prior to the lenders going ahead with foreclosures
if the unit has gone underwater. It would be applicable only to the
residences occupied by the owners.
This post was submitted by Julia Redstone.
