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The Palm Beach Post reported today that GMAC has suspended all pending foreclosures nationwide because of a practice uncovered in Florida that could lead to VOIDABLE foreclosure judgments - thus creating havoc with foreclosure sales and REO sales.  The article, GMAC Suspends Foreclosure Evictions...
Why does the bank file and aggressively continue a foreclosure suit even though you are negotiating a short sale or modification of the loan?  This is a most often asked question and although I have visited the question before; the concept of the lender dealing separately with the left hand than ...
Will collecting rents from tenants of delinquent owners help cash strapped associations? Florida enacted Florida Statutes 718.116(11) for condominium associations and 720.3085(8) for homeowner and property associations (and property associations) and 719.108(10) for cooperative associations effec...

Richard Zaretsky

Florida Real Estate Attorney
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