Sharing What I Know About
Florida Real Estate Law
Sharing What I Know About Florida Real Estate Law
AboutFlorida Open House Weekend Ends: Great Bargains If Title Is Certain
The second annual Florida Open House Weekend was held this past weekend, with over 15,000 open houses being held across the State of Florida. Florida Realtors proclaimed the event as the largest open house event in the country, and many potential home buyers from...
Florida Homeowners and Condo Owners: Beware of Proposed New House Deregulation Bill – HB5005
The Florida Legislature is considering a major deregulation law that will impact all Floridians, particularly Florida condo owners and Florida homeowners. It could become law as soon as July 1, 2011, and the entire language of the proposed statute (HB 5005) can be...
Florida Finally Debuts its Hardest Hit Fund Statewide: Can the Florida Hardest Hit Fund Help You?
This month, after almost a year's delay, the Florida Housing Finance Commission is finally putting the finishing touches on a state program designed to help those who have been hurt in the economic housing crisis. There is an official website in place for its new...
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 throughout...
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 and...
Florida Legislature Considers New Real Estate Laws To Deal With 2011 Economic Realities
Florida is running in the red, budget-wise, but that doesn't mean that the legislators in Tallahassee have their hands tied completely. Several new laws are being debated now in an effort to help the Florida real estate market, and journalists like Toluse Olorunnipa...
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 tempting for many to consider what...
Are Banks the Reason for Failing Loan Modifications? Another Foreclosure Paperwork Problem with Florida Lenders.
In today's Sun Sentinel, reporter Diane C. Lade exposes yet another paperwork problem for Florida lenders: in an article entitled, "Lawyers say they're forced to cancel mediations when lenders hold back disclosures, " Lade points out that many of the loan...
Miami Home Sales Boom – But Buyer Beware: Are You Buying a House or a Lawsuit?
Florida continues to make national news as it currently ranks third (behind Nevada and Arizona) in the highest foreclosure rates in the country. Florida even surpasses notoriously distressed California in the number of homes being foreclosed upon by lenders. This...
Bankers Warned to Think Twice Before Going After Deficiency Judgments After Last Week’s News of Overestimated Number of Strategic Defaults
Deficiency judgments are sometimes sought in lawsuits brought by banks when a home goes through a foreclosure sale and afterwards there is still an amount left owing on the mortgage note. Being left with money still owed to the financial institution after already...
