Sharing What I Know About
Florida Real Estate Law
Sharing What I Know About Florida Real Estate Law
AboutFlorida Mortgage Holders: Has Anyone Explained to You About the Collection Efforts That You’ll Face When You Stop Making Your Home Mortgage Payments? Unfair Collection Activities in Florida Mortgage Defaults and Deficiencies
A nice article appeared in Reuters this week entitled, "What Happens When You Walk Away From Your Home?" that includes a brief discussion of things we post about here regularly: underwater mortgages in Florida and elsewhere and the various issues that go into...
Five Things To Know About The Income Tax Break For Short Sales, Foreclosures, and Loan Modifications That Ends December 2012
As discussed in our earlier post, a major tax break will end on December 31, 2012, that helps Florida home owners facing foreclosures, negotiating loan modifications, or working on a short sale of their home. For several years, a federal law has exempted the amount...
Florida Home Owners Need to Short Sale Now Because Income Tax Benefit Goes Away End of 2012: The Mortgage Debt Relief Act of 2007 Expires This Year
Florida home owners concerned about foreclosure and pondering a short sale should get busy and get that short sale process started. Why? There is a countdown to the expiration date of a federal law that will impact them badly if they wait until after the end of 2012...
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...
5 Things to Know About Florida Short Sales in 2012 for Sellers and Buyers of Florida Homes
Last Update: 02/24/16 In Florida, short sales are growing in popularity now that lenders realize the expense and difficulty of dealing with a foreclosed home, and because so many other homes are at risk for foreclosure their is a likelihood that the inventory will...
Florida Real Estate Closings Are Important: Checking Paperwork Details May Have Saved Florida Homeowners From Foreclosure Filing by Bank of America Eight Years Later
Last Update: 02/24/16 At most real estate closings, there's lots of paperwork. Page after page of single-spaced language that has to be reviewed, and then affirmed by the signor that they read and understood all that language in all those pages. Which is what ...
Life Planning for Florida Baby Boomers: Active Floridians Over 50 Need to Plan for End of Life Now
Last month, we posted about the reality that most folks do not have life plans in place - and this is a bad decision for them and their loved ones. No one wants to think about a health crisis, or death, or being incapacitated for a time, but the truth is that these...
The Short Sale Transaction in Florida: Things That the Seller (and Buyer) Need to Know Before Closing the Short Sale of a Florida Home – Clouds on Title
Last Update: 8/5/19 The former chief economist for the National Association of Realtors (1987-97) and the current chief economist for Florida Realtors | Orlando gave his take this week on the current Florida real estate climate in an article written by Orlando...
New Pew Study Finds Many Americans Think It’s Okay to Default on an Underwater Mortgage: Evaluating Your Options
The Pew Research Center is one of the country's most respected research firms, and here at year end, many are listening to what Pew is reporting regarding Americans' take on the foreclosure crisis and people not paying their mortgages. What has Pew discovered? In...
