Tuesday, May 31, 2011, 11:20 AM
Posted by Administrator
A week ago, as I sat innocently in court with my hands folded in my lap, waiting for my case to be called, I heard a local lawyer say, more or less "The Court is running out of money and there won't be any more foreclosures after July 1st." This didn't seem right and, in subsequent versions of the statement, it began to seem like:
-The Court here in Palm Beach had run out of money to hire retired judges to hear foreclosure cases, and,
-It didn't seem like without the retired judge anything much would happen.

I only have a couple of dozen foreclosures. When prospective clients ask how long they'll be able to stay in their house once a foreclosure is filed, I say: "I don't know. None of my foreclosure clients have been kicked out yet and some have been there for a couple of years. But, on the other hand, someone could get kicked out in a couple of months."

Now, suddenly, on foreclosure cases that had been sitting silent for months or years, I have began to receive Notices Of Hearings and Orders Setting Status Conferences and it looks like things might be begining to happen.

But, probably not. Probably all of the nonesense will stop in a few weeks and cases will go back to sitting and doing nothing.

Nobdy wants the market flooded with freshly foreclosed on homes for sale....least of all the mortgage holders.
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