Tallahassee Real Estate Blog

The "robo-signer" foreclosure crisis is hitting financial markets, dropping bank stock prices, and weakening prices of mortgage-backed securities.  Investors are worried that foreclosure legal problems are so widespread that the entire foreclosure process could stop functioning, cutting off cash used to pay mortgage bondholders. 

If legal problems are widespread, this could lead to thousands of lawsuits and add tremendous costs to banks.  On the other hand, if legal hurdles are resolved quickly, financial damage could be minimal. 

For Tallahassee homeowners who might face the possibility of foreclosure, or are already in the foreclosure process, do not rely on the belief that these delays will make foreclosure problems go away.  While delays will add stress and uncertainty, it is likely that foreclosures will resume at some point.  

Tallahassee homeowners should seek professional real estate and legal help to determine their best options and avoid last-minute decisions when it may be too late to avoid foreclosure.