Housing Rebound?

Housing Rebound Means Banks Resume Foreclosures!

How do you increase foreclosure filings?  By having a “housing rebound” of course! The Bloomberg News has reported that Florida had the highest foreclosure rate in 2013.  Economics professor Anthony B. Sanders of George Mason University has been quoted as stating, “You have to get to the point where the market can heal itself and foreclosures and price adjustments are the only way that can happen”.  What does this mean? The “healing of the market” will take place through more foreclosures.  I suppose that’s fine, unless it’s YOUR foreclosure that’s serving to “heal” the market. In which case, it won’t feel like much relief.  The general consensus appears to be that foreclosures have picked back up again ever since the nation’s five biggest banks settled the attorney general’s investigation for $25 billion.  So they pay for a “get out of jail” card, and who will pay the price? The homeowner and the investor. That, of course, will be homeowners and investors who know no better.

Knowing better means does not mean asking a well-meaning neighbor, relative or friend. Most likely they have no expertise to offer on this topic.  Despite good intentions, it may cause more harm than good.  Your home or investment is probably the single, biggest financial investment you have made. A real understanding of the legal and financial quagmire is vital.  Having a strategic or tactical approach to confronting a foreclosure lawsuit is critical.  When sued for foreclosure, you’re not looking for lawyers that sort of know what to do. You want an experienced advocate that will work diligently on your case. An advocate that will achieve the best possible outcome.

While a mortgage foreclosure lawsuit may seem debilitating to many a homeowner or investor, it may serve as a real starting point.  By defending against the foreclosure lawsuit, you put the bank to the test.  At the Reyes Law Group, we understand the bank has the burden of proving their case, not the property owner.  This means the lender has to show they have a right to the note and the right to foreclose.  Taking into consideration the financial debacle created in the lending industry over the last decade, it is surprisingly difficult for a bank to “prove their case”.  Don’t be lulled you into inaction.  The Reyes Law Group can help you aggressively litigate your case, negotiate your loan modification, and/or short-sale transaction. You deserve a passionate voice to help you fight to defend your property and/or preserve your rights!

Carlos J. Reyes  is the Principal of Reyes Law Group. He has been a member of the Florida Bar since 1988 and practices state-wide.  Carlos has been awarded a rating of “AV Preeminent” which is the highest possible rating in both legal ability and ethical standards by Martindale-Hubbell – a well-recognized legal resource. The RLG Legal Team also include attorneys Stephan LopezMelissa J. UlloaPhillip A. Ortiz and the RLG Legal Support Team to bring you a dedicated, experienced and dynamic legal team to handle your legal needs.

We also assist clients in the areas of: Civil LitigationReal Estate LitigationResidential Purchase & SalesCommercial Acquisitions & SalesResidential Landlord-Tenant LitigationCommercial Landlord-Tenant LitigationShort Sales NegotiationsLoan ModificationsCriminal DefenseCivil Rights ClaimsFamily LawCorporate Work, and Labor & Employment Law.

Call us for a FREE consultation at (954) 369-1993  Se Habla Español.

Visit our firm website ReyesLegal.com and review our credentials.

We are located at 150 South Pine Island Road #210, Plantation, FL 33324


The Reyes Law Group BLOG is intended to provide information to firm clients, friends and potential clients about various legal related topics. Nothing in this BLOG should be construed as legal advice or a legal opinion. Readers should not act upon the information contained in this BLOG without seeking the advice of legal counsel.

The hiring of a lawyer is an important decision that should not be based solely upon advertisement.  Before you decide, ask us to send you free information about our qualifications.


The following two tabs change content below.

Reyes Law Group

Reyes Law Group represents clients in a multi-disciplinary legal practice involving real estate transactions and litigation with a “footprint” that covers the State of Florida. Over the firm’s first 10 years, Reyes Law Group has closed over $100M in commercial closings, representing buyers and sellers in contract negotiations, due diligence, and the related title review and policy issuance related to closings. In litigation, the firm has commercial litigation experience focused on prosecuting or defending claims such as breach of contracts, partition actions, trade secret violations, and breach of non-competes. However, our firm’s MAIN FOCUS is assisting asset and loan portfolio managers, investors and private lenders with a “ 4-PILLAR APPROACH” to the legal challenges they face with non-performing assets: 1) LOAN WORKOUTS; 2) COMMERCIAL FORECLOSURES (across the State of Florida); 3) COMMERCIAL EVICTIONS; and 4) REO COMMERCIAL CLOSINGS.30+ years’ legal experience means - WE CAN HELP!

Latest posts by Reyes Law Group (see all)

%d bloggers like this: