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Tips for Buying REOs: Five Things to Consider Before Buying a Foreclosure, Bank-Owned Home (REO)

Last Update: 8/9/20 Right now, the economy in Florida and across the country is questionable and some are predicting it’s going to take a turn for the worse. Even if the economy does take a turn for the worse, there are lots of opportunities to bargain shop for...

Underwater Mortgages in Florida: What Are They, What Can You Do If You’re Underwater in Your Mortgage?

Underwater mortgages are those situations where the homeowner is said to hold “negative equity” in his property — he is “upside down” — because he owes more to the lender than he can get if were to sell the property. Which makes it...

Did Your Foreclosure Violate the Law? Are You a Victim of Wrongful Foreclosure?

What’s a wrongful foreclosure and are you the victim of one?  Not easy questions to answer. 1.  Florida Lawyers are having to enhance their knowledge of Florida foreclosure law.  Ethics code requires Florida lawyers to report any suspicious or...

Are Home Buyers Really the Legal Owners of Foreclosure Homes? Maybe Not: Legal Title May Remain With Foreclosed-Upon Homeowner

The big question for home owners – and bargain shoppers looking for real estate deals – is how safe is it to buy a foreclosure property right now?  In a year or two, will someone be knocking on the door claiming ownership? Up in Massachusetts, there is a...