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Foreclosures Archives

Be cautious about filing for personal bankruptcy to avoid foreclosure

The South Florida Business Journal reports that real estate company Lauren Enterprises and two of its mangers in Coral Springs was recently hit with a $7 million foreclosure judgment in connection with a $3.77 million mortgage. In response to the foreclosure judgment, the company filed for Chapter 11 bankruptcy in order to “get some breathing room to negotiate with the bank.”

Florida tops nation in tax liens for sale; foreclosures a problem

There sometimes seems no end to the cast of shady characters who readily seek to prey off debtors facing extreme financial challenges. We have chronicled some of the individuals and companies that pitch redemption stories that simply aren’t true or peddle false hopes to people in desperate need in past select posts. They range from pure scam artists to pseudo-legitimate entities that help a few debtors while ripping others off.

Nothing new: Florida continues to lead nation in foreclosures

The housing market in South Florida has been centrally marked over the past few years by drama and volatility, with the area consistently leading the nation in one category that no one terms as undesirable apart from, perhaps, house flippers: foreclosures.

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