Holiday Foreclosure Surprise: No Federal Income Tax on 2014 Short Sales

| December 30, 2014

Last week, before President Obama left the White House for his family holiday in Hawaii, he signed into law the Tax Increase Prevention Act of 2014. This is now the law of the land, just in time for the end of 2014, and shockingly, it passed both the House and Senate with bipartisan approval and […]

Florida Families After a Foreclosure: What Happens to Florida Households Post-Foreclosure? Good News as Foreclosures Don’t Block New Home Mortgages

| February 4, 2014

The impact of a foreclosure upon a family and its financial future has been the subject of many studies over the last several years, particularly after the recent Housing Crisis hit the United States. (For example, read the 2011 study by a Federal Reserve economist about “The Post-Foreclosure Experience of US Households.”) The logical thing […]

Flopping In Florida: Real Estate Agents And Insider Realtor Deals – Are You A Victim Of This Kind Of Florida Real Estate Fraud?

| January 28, 2014

Last Update: 04/18/16 In recent years, most of us in South Florida have become all too aware of real estate “flipping” — where a distressed home is purchased by an investor who goes into the deal with the idea of doing some improvements to the place and then reselling the place for a profit. It’s […]

2014 Surprise for Florida Underwater Mortgages: Mortgage Forgiveness Debt Relief Act Tax Break Has Not Been Extended – Deficiency Will Be Taxed in 2014

| December 31, 2013

This time last year, we discussed how Congress was “kicking the can down the road” by passing federal legislation that extended the 2007 Mortgage Forgiveness Debt Relief Act’s tax break for one year as part of last year’s Fiscal Cliff legislation. (Read the details here, “Florida Short Sales and Florida Foreclosure Defense Deadline for Tax […]

Florida Hardest Hit Fund Applications Accepted Today – For the Few Florida Home Owners Who Will Get Help

| October 1, 2013

Beginning this morning at 9:00 am, the Florida Hardest Hit program sprang back to life, accepting new applications for the federal principal reduction program that promises Florida home owners burdened with underwater mortgages a decrease of up to $50,000 in their mortgage loan balance. That’s right: under the Florida Hardest Hit plan, Florida mortgages can […]

Florida Foreclosure and Florida Bankruptcy: Two Trains On Different Tracks – More to Consider Before Filing Bankruptcy to Halt Florida Foreclosure

| September 10, 2013

Last Update: 02/24/16 Filing bankruptcy as a foreclosure defense strategy here in Florida may or may not be a good idea (see our earlier post). There’s one factor in this decision now that was not there years ago: time. The glut of Florida foreclosure cases on file in Florida clerks’ offices around the state has […]

Foreclosure Help Fraud: 5 Tricks to Spotting Foreclosure Relief Scams When You’re Fighting Against a Florida Foreclosure or Trying to Lower That Home Mortgage Payment

| August 27, 2013

Is it the sunny summer weather here in Florida or the record-breaking number of Florida foreclosures that is so tempting to fraudsters that they come up with so many different and creative ways to con Florida homeowners (homeowners who are trying to deal with their troubled mortgage) out of their money and maybe out of […]

Are Florida Short Sales a Favorite With Florida Lenders?: Florida Sellers Have Great Deals for Buyers – How Florida Short Sale Lawyers Can Help.

| August 20, 2013

Last Update: 02/24/16 In a recent news article, it was reported that there is a “stigma” surrounding the Short Sale option in buying a home these days. CBSNews reported with a story entitled, “Is there a stigma with home “short sales”?” (Read the coverage here). In fact, a Fort Lauderdale area realtor was interviewed for […]

Infographic: Troubled Asset Relief Program (TARP) As of March 2012 Per Congressional Budget Office

| May 2, 2013

What is Happening With Foreclosures in South Florida Real Estate Right Now? Are We Still in a Big Mess? – Consider These Reports

| April 23, 2013

How is the Florida foreclosure market doing right now?  Some are reporting optimistic viewpoints – we’re out of the woods, they claim: everything is getting better every day. Meanwhile, for those working with Florida home owners and Florida borrowers in the current South Florida real estate market, it’s not that rosy.  Here’s why:   Proposed […]

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