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Florida Illegal or Nonconforming Home Conversions Are Growing Problem: Florida Home and Condo Buyers Should Know Risks of Buying Home With Illegal Improvements

Last Update: 02/24/16 The reality that Florida real estate is in a Wild West situation is known by most professionals in the real estate industry — but it just keeps getting more wild it seems.  Now, there is a growing problem with illegal home conversions...

Florida Homes Foreclosed by Federal Government Become Rentals: FHFA Invites Landlords in Pilot Phase of New Fed Program While Congress Asks FHFA to Start Working With Underwater Homeowners

The Federal Housing Finance Agency (FHFA), the federal agency that regulates the housing market in this country, is going to begin selling homes that have been foreclosed upon by Fannie Mae to vetted investors in certain parts of the country now, as part of its test...

Bank Foreclosure Fraud Settlement with the State Attorneys General: How Much Trickles Down to Help South Florida Homeowners? Not Much.

The joint task force investigating foreclosure fraud by banks and mortgage servicers in this country, which brought together the top attorneys for each state in the country, i.e., their Attorneys General, has made a settlement deal according to a news release by the...

Real Estate Appraisal Errors Remain a Huge Problem: Consider This “Hole in the Wall” Story – What To Look For In Your Florida Home Appraisal

Last Update: 02/24/16 Sometimes, the easiest way to understand something is to consider one example.  In the case of appraisal error, a recent news story about a phony and fraudulent New York home appraisal really helps to make things clear.  In many instances,...

How the Federal Servicing Alignment Initiative Helps Florida Home Owners Wanting to Short Sale

The Federal Housing Finance Agency (FHFA) implemented the federal Servicing Alignment Initiative last year and, in 2012, this new federal incentive plan should boost the number of short sales here in Florida, which is great news for home owners wanting to avoid a...