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Florida Short Sales, Deficiencies, and Taxes: Will 2012 Fiscal Cliff Bring End to Income Tax Forgiveness on Deficiencies or Will Florida Short Sales in 2013 Have Forgiven Mortgage Debt as Taxable?

by | Deficiency Judgments, Florida Foreclosures, Florida Real Estate, Foreclosure Rescue, Real Estate, Short Sales, Underwater Mortgage

For many months now, we’ve been monitoring the FIT situation for underwater mortgages, as well as those homeowners facing foreclosure, regarding Florida short sales and the current income exclusion from federal income taxes.  In short, back in 2007 a law was...

Short Sale Hardship Letters to South Florida Banks and Proving Home Owner Financial Hardship for Short Sale Bank Approval: Things to Consider

by | Appraisal Fraud, Closings, Deficiency Judgments, Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Local Lawyers, Real Estate, Short Sales

Last Update:02/24/16 The news is out for October 2012, and once again Florida ranks number one in foreclosures in the United States according to RealtyTrac research.  It seems that one in every 312 housing units in Florida was hit with a foreclosure filing in October...

Florida Short Sale Programs – List of Short Sale Packages Offered to South Florida Underwater Mortgage Home Owners: 2012 Short Sale Programs in Broward County

by | Deficiency Judgments, Florida Foreclosures, Florida Real Estate, Short Sales

Short sales in South Florida are very, very popular these days.  Particularly in places like Miramar, Hallandale, Hollywood, Pembroke Pines, Davie, and Fort Lauderdale, more and more short sales are being offered with mortgage banks coming on board to help get these...

South Florida Bankruptcies Spike – Foreclosure Settlement Monies Still in Tallahassee: Broward County Mortgages Still Need Foreclosure Defense Lawyers

by | Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Home Loan Fraud, Loan Modification, Wrongful Foreclosure

After some skirmishing up in Tallahassee, representatives of the Florida House and the Florida Senate have aligned with Florida Attorney General Pam Bondi in a joint announcement this week which outlined Ms. Bondi’s plan on what to do with $300 million from the...