New foreclosure filings must be now be reported to the county in accordance with the new Miami-Dade law .

As of July 10, 2009, lenders are required to register homes in Miami-Dade county when foreclosure proceedings are filed. Once a property is registered, the Miami-Dade Office of Neighborhood Compliance will inspect the property. If the owners have vacated, the lender will now be responsible for maintaining the property.
Unfortunately, the new law applies only to homes in unincorporated areas of Miami-Dade county. Efforts at a statewide registry failed as the proposal was rejected in the state legislature.

The new law makes an attempt to keep lenders responsible for properties they are about to own. There is hope that this will cause less decline in value as the properties will be