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Florida House Bill 87 and “Foreclosure Reform” Passes Florida House’s Civil Justice Subcommittee: HB 87 is One Step Closer to Ending Judicial Foreclosures in Florida – This is Dangerous for Florida Home Owners and Florida Real Estate

There’s a proposed law being pushed up in Tallahassee once again this year that aims to end Florida’s long-standing judicial foreclosure process, and this year it seems to be gaining strength, though it died a pretty quick death in its earlier version last...

Fast Florida Short Sales: Freddie Mac VP Forecasts Freddie Mac Short Sales Will Zip Through to Closing in the Future – What About the Deficiencies?

The Federal Home Loan Mortgage Corporation (FHLMC), commonly known by its nickname Freddie Mac, is under the control of the federal government these days as the Federal Housing Finance Agency (FHFA) took over conservatorship of both Freddie Mac and Fannie Mac in...

Florida Short Sales and Florida Foreclosure Defense Deadline for Tax Benefits is Now December 31, 2013 After Fiscal Cliff Legislation Signed Into Law Today

When you hear the talking heads discuss how Washington has “kicked the can down the road,” for Florida home owners and those Floridians interested in short sales or mortgage foreclosure defense this means one thing: they’ve got one more year to get...

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?

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

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...

Florida Short Sale Programs – List of Short Sale Packages Offered to South Florida Underwater Mortgage Home Owners: 2012 Short Sale Programs in Broward County

Short sales in South Florida are very, very popular these days.  Particularly in places like Miramar, Hallandale, Hollywood, Pembroke Pines, Davie, and Fort Lauderdale, more and more short sales are being offered with mortgage banks coming on board to help get these...