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Coffey’s Appeal for Florida’s Proprietors
- February 4th, 2010
Former US lawyer Kendall Coffey filed an appeal concerning the financial situation that hit 360,000 borrowers in Florida. Addressed to the Supreme Court, Coffey’s petition was presented in a feature in the Florida Bar News. The petition explained the predicament of the Florida homeowners.
Like several of his legal associates, Kendall Coffey worked to steer clear of the several foreclosures that happened in the 2008 economic crisis. In order to stress his point, Coffey included a number of statistics in his written petition. He stated that 400,000 foreclosures were likely to occur in Florida in 2009. To add to the gloomy picture, the lawyer also predicted that another 1.4 million are projected to come about in the following four years.
According to Coffey, most of the time proprietors are only offered the chance to explain their status only after the lender’s motion for summary is handed out or worse, after the foreclosure itself.
In his request, Kendall Coffey and his team of attorneys have offered a number of terms for a given urgent ruling. As also stated in the petition, a judge is required to order arbitration unless the parties involved have already made a decision within a 5-day time span since the foreclosure complaint was arranged.
