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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: No Easy Answers and No Government Relief in Site

The Sun Sentinel published an excellent overview of the current crisis for many Florida homeowners today in a piece written by Paul Owers, entitled “Homes bought five years ago the hardest to sell.”  Owers covers the situation that many property owners...

State Attorney Generals Settlement With Banks – How are the Homeowners Helped Here? They’re NOT.

The attorneys general of all fifty states banded together last October to form a united front in the investigation into widespread foreclosure fraud in this country.  Now, their efforts are being made public, as it’s being announced that proposals are in place...

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...