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Florida Short Sales, Deficiencies, and Taxes: Will 2012 Fiscal Cliff Bring End to Income Tax Forgiveness on Deficiencies or Will Florida Short Sales in 2013 Have Forgiven Mortgage Debt as Taxable?

by | Deficiency Judgments, Florida Foreclosures, Florida Real Estate, Foreclosure Rescue, Real Estate, Short Sales, Underwater Mortgage

For many months now, we’ve been monitoring the FIT situation for underwater mortgages, as well as those homeowners facing foreclosure, regarding Florida short sales and the current income exclusion from federal income taxes.  In short, back in 2007 a law was...

Short Sale Scandal: Florida Home Faces Forfeiture Action After Michigan Supreme Court Justice Allegedly Hid Florida Home From Bank: Fraud Is a No-No – Another Lesson for Having a Florida Short Sale Lawyer

by | Florida Foreclosures, Florida Law, Florida Real Estate, Foreclosure Fraud, Local Lawyers, Short Sales

Florida short sale stories don’t just involve people that live in Florida.   There are people from all over the country that have underwater mortgages who are looking for ways to solve that problem.  And one big example in the news these days:  Diane Hathaway, a...

Florida Bank Reject Your Loan Modification? It Seems to be Happening to Lots of South Florida Homeowners: What’s Up? In Other States, Home Owners Are Suing Banks for Failed Modifications

by | Debt Collection - Mortgages, Florida Foreclosures, Foreclosure Rescue, Loan Modification, Underwater Mortgage

Sitting in an office where lots of people call on the phone, send emails to us, and come in for a visit — all related to foreclosure issues or underwater mortgages in South Florida, it may well be that we have a different view on things than some other people. ...

Short Sale Hardship Letters to South Florida Banks and Proving Home Owner Financial Hardship for Short Sale Bank Approval: Things to Consider

by | Appraisal Fraud, Closings, Deficiency Judgments, Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Local Lawyers, Real Estate, Short Sales

Last Update:02/24/16 The news is out for October 2012, and once again Florida ranks number one in foreclosures in the United States according to RealtyTrac research.  It seems that one in every 312 housing units in Florida was hit with a foreclosure filing in October...