Just last week, the Palm Beach Post reported on hundreds of foreclosure sales that occurred, but which are a catastrophic mess, to put the term politely….
Scores of Palm Beach County homes were sold to investors at foreclosure auction this month for as low as $200 following the collapse of the David J. Stern law firm and ensuing confusion as thousands of its cases are reassigned.
It’s yet another muddle for the already overwhelmed foreclosure courts to sort out as former Stern cases went to auction with no bank representation, bids or proper public notice.
Today’s Bradenton Herald likewise reports on a larger scope of problems with foreclosure cases that plague their court system
there’s been no concerted, effective effort to solve the crisis because it defies easy solutions and is merely a symptom of broader economic issues.
” The magnitude of the problem is so severe that no one can wrap their minds, their heads, their jurisdictions, their enforcement powers around it,” he said. ” This is a problem of such profound magnitude that our best minds … simply can’t fathom a solution.”
The larger world is starting to grasp that this effects us all. Every last one of us. It hits us all right in the pocketbooks. Log onto those stories and leave comments….our press is our only hope.