BUYING OR SELLING REAL ESTATE? DON’T GO IT ALONE.

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Jacqueline A. Salcines

Jacqueline A. Salcines

WHETHER YOU ARE BUYING OR SELLING REAL ESTATE… THE MARKET IS HOT!!  WE ARE BACK TO THE DAYS OF THE BIDDING CASH WARS, WITH BUYERS PLACING OFFERS AT OVER LISTING PRICE, AND SELLERS CHOOSING THEIR BUYER FROM MANY A POOL OF EAGER TAKERS.

HOWEVER, IN THE TAIL END OF THE FINANCIAL FORECLOSURE CRISIS, WITH SO MANY PROPERTIES PURCHASED AT AUCTION, WITH MORTGAGE AND ASSIGNMENT ISSUES, FRAUDULENT DOCUMENTS SIGNED, LAW FIRMS THAT FORGED INSTRUMENTS, AND SO MANY TITLE ISSUES, IT MAKES SENSE TO NOT GO IT ALONE.HAVING A REAL ESTATE ATTORNEY IN YOUR CORNER IS THE SINGLE MOST IMPORTANT DECISION YOU CAN MAKE. A REAL ESTATE ATTORNEY THAT IS BOTH A TITLE AGENT AND ACCOUNTANT WILL LOOK OUT FOR YOUR INTERESTS, WILL EXAMINE TITLE, MAKE SURE THAT THE CHAIN OF TITLE IS CLEAN FOR YOUR SALE OR PURCHASE, SO THAT PROBLEMS DO NOT ARISE AFTER CLOSING THAT MAY COME BACK AFTER TO HAUNT YOU.

AT THE LAW OFFICES OF JACQUELINE A. SALCINES, THE ATTORNEY HAS OVER 18 YEARS EXPERIENCE AS A REAL ESTATE LAWYER AND ACOCUNTANT.  WE ARE ALSO TITLE AGENTS WRITING FOR ATTORNEYS TITLE AND OLD REPUBLIC NATIONAL TITLE, THE LARGEST UNDERWRITER IN FLORIDA.

WE ARE A FULL SERVICE REAL ESTATE LAW FIRM PROVIDING:

  • CONTRACT AND DOCUMENT REVIEW
  • TITLE SERVICES
  • SELLER DOC PREP
  • MORTGAGE AND NOTE PREPARATION FOR SELLER FINANCING OR PRIVATE LENDERS

WE MARK AND WATCH ALL INSPECTION AND FINANCING DEADLINES AND GUIDE Y OU EVERY STEP OF THE WAY

WE ARE HERE TO SERVE  YOU.

CALL US TO SEE HOW WE CAN HELP YOU IN YOUR PURCHASE OR SALE.

THE FIRST CONSULTATION IS ALWAYS FREE.

DONT GO IT ALONE.  WE WELCOME THE OPPORTUNITY TO ASSIST YOU WITH ALL YOUR REAL ESTATE NEEDS.

 

TRUST  |   COMMITMENT  |  RESULTS

 
LAW OFFICES OF JACQUELINE A. SALCINES, P.A.backdrop2
706 S. DIXIE HIGHWAY
SECOND FLOOR
CORAL GABLES, FLORIDA 33146
TEL.  305.669.5280
EMAIL: J.SALCINES@SALCINESLAW.COM

 

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FLORIDA HARDEST HIT PROGRAM OPENS UP TOMORROW MAY 15, 2014

foreclosure_defense Providing up to $50,000.00 in mortgage payment and reduction of mortgage balance, the Florida Hardest-Hit Fund Principal Reduction program will reopen on May 15, 2014 at 9 AM.  Last year the program accepted 25,000 applications and provided aid to more than 2400 homeowners.

The qualifications for the program are strict and require, among other things, that the homeowner have remained current on their mortgage, but missed out on the opportunity to apply for the program last fall.  Homeowners can get up a break up to $50,000 if they qualify.

Call us today to find out about the program. We can let you know of the qualifications and direct you to the government website to apply. The consultation is free of charge.

TRUST  |  COMMITMENT  |  RESULTS

 
Law offices of Jacqueline A. Salcines, PA
706 S. Dixie Highway
2nd Floor
Coral Gables, Fl  33146
Tel.  305.669.5280
Email Direct: J.Salcines@Salcineslaw.com

 

 

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QUALIFIED MORTGAGE RULE WENT INTO EFFECT JANUARY 2014.

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Hand with a house key. Ever since the real estate bubble burst, securing financing for the purchase of real estate has been challenging.  Tighter loan restrictions and fewer, more strict lending programs have stymied many real estate purchasers.  The Qualified Mortgage Rule went into effect on January 2014 to address these issues but how are homebuyers impacted by this new rule?

The New Qualified Mortgage Rule is a new program designed to make sure borrowers can repay their loans.  It is also known as the “ability to re-pay loan” rule.    As defined by the Consumer Financial Protection Bureau, the program calculates the loan applied for at a 30 year term, with  points and fees paid by borrower.  Whatever this number equals, it can not exceed more than 3 percent of the total loan amount.  Lenders are required  to provide proof that the borrower has the ability to repay the loan and must confirm the debt to income ratio, which must equal no more than 43 percent.

While lenders had already tightened their restrictions significantly after the mortgage debacle. this equates to additional documents from borrowers to cover the lenders and their liability.   Self-employed borrowers will have a hard time getting a mortgage if they do not have a long history of consistent income.  It also impacts buyers looking for jumbo loans, over $417,000.00, making it more difficult to qualify for such loans.

The bottom line is to start with a real estate attorney and the right banking professional.  As a team, we can find the right loan for you and make sure that banks are working within required guidelines and restrictions.

At my firm, I am both an accountant, lawyer and realtor.  I work closely with each and every client that is looking to take out a new loan, as well as our banking partners, to make sure they have their credit in order as well as their finances in order to find the best program for them.

Call us today for a free consultation.

TRUST  |  COMMITMENT  |  RESULTS

JACQUELINE A. SALICNES, ESQ.
706 S. DIXIE HIGHWAY
SECOND FLOOR
CORAL GABLES, FL 33146
TEL:  305.669.5280
EMAIL: J.SALCINES@SALCINESLAW.COM
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Consumer Financial Protection Bureau 12 C.F.R. 1024.41 prevents a Foreclosure Sale when a Loan Modification is pending

Home Foreclosure document and legal gavelThe court system is making significant progress in tacking Florida’s backlog of mortgage foreclosure cases.  In recent meetings, the circuit met with banking representatives to initiate a new banking servicing rule that took effect January 10, 2014.  The Consumer Financial Protection Bureau explains that under this rule, “the lender or mortgage loan servicer can not move for a foreclosure judgment, order of sale or conduct a foreclosure sale if a borrower submits a loan modification application more than 37 days before a foreclosure sale.”  In other words, if the borrower has initiated a loan modification and has not received an approval or denial, the foreclosure sale can not go through until such time as the lender issues an approval, denial or the loan modification is rejected.  The rules call for certain action from the lender, that are strict and enforced by the Court.

This is great news for borrowers trying to complete their loan modifications and the lenders will not work with them to cancel the foreclosure sales.  Many borrowers unfortunately do not know of this rule and the bank takes advantage of them in court through their attorneys.  There are even judges that are not aware of this rule.

Therefore, the best advice is to always hire an attorney to look out for your best interest.  Pre-qualify you free of charge for a loan modification and advise whether you are eligible for a (1) principal reduction; (2) interest rate reduction and (3) stretched out amortization.

Call us today to discuss your options and whether your mortgage foreclosure sale can be cancelled due to this new rule.

TRUST  |   COMMITMENT  |  RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

LAW OFFICES OF JACQUELINE A. SALCINES, PA

706 S. DIXIE HIGHWAY
SECOND FLOOR
CORAL GABLES, FLORIDA 33146
TEL: 305.  669.  5280
J.SALCINES@SALCINESLAW.COM

 

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WE SPECIALIZE IN SHORT SALE NEGOTIATION

Realtors, homeowners, let us handle your short sales. Our proven track record of getting files negotiated under 90 days time, with as many homeowner HAFA and seller incentives as possible speaks for itself.

At the Law Offices of Jacqueline A. Salcines, PA, our main goal is to protect our seller client.  If a short sale is being negotiated, often times title companies and realtors wait till the file is approved to then run title or lien searches only to have to slam on the brakes when a judgment or code enforcement lien comes up. Then it is back to the drawing table to get a lender to pick up the bill.

Since we are a law firm and specialize in real estate, as a Title Agent, Attorney and Accountant, Jacqueline A. Salcines, Esq. short_sale runs and examines title at the beginning of the negotiation. Additionally, we partner with lien search companies providing results for liens and other matters before the file is even submitted. That gives us ample time to review what may amount to large liens or other matters against the property.

Additionally, we fight for our clients rights.  Whether it is a $20,000 incentive to be provided  to the homeowner, or a write off of the deficiency because of the primary residence,  we know what our client is entitled to and escalate the short sale to make sure they are provided.

Our staff is experienced in foreclosure prevention and foreclosure sale continuances.  We work diligently with realtors and sellers to provide updates and obtain the best results for our clients.

Call us today to see how we can help you.

TRUST   |   COMMITMENT  |  RESULTS

 

LAW OFFICES OF JACQUELINE A. SALCINES, PA.
706 S. DIXIE HIGHWAY
2ND FLOOR
CORAL GABLES, FL 33146
TEL:  305) 669.5280
EMAIL: J.SALCINES@SALCINESLAW.COM
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DISCOVERY ALTERNATIVES TO AVOID FORECLOSURE

Jacqueline A. Salcines

Jacqueline A. Salcines

You have time.  That is what we all wish we had more of.  However, as a homeowner in foreclosure, if you are facing a FORECLOSURE SALE DATE and think you have run out of time, you may be wrong.  The bank wants you to believe that.  Often, they even place fraudulent calls to the homeowner and tell them that they must be out within 24 hours.  Sad and cruel but true practice.

If your home is up for sale or you just failed to obtain an attorney to represent you in a foreclosure that is now at the end of the rope, we can still almost always obtain an additional 240 days in order to process a loan modification or short sale request.  Any loss mitigation attempt is considered by the court, including loan modification, forbearance, short sale, deed in lieu of foreclosure and refinance.  Even a reinstatement is possible.

The most important thing is to hire counsel that will represent you in court, request the appropriate time and then pre-qualify you for the option of your choice.  If you buy time but then submit a modification that does not qualify you, it does you no good. In 4 months you will be right back to square one.

At my firm, we have specialized programs in place to qualify you for HAMP or HARP or HAFA short sales.  The consultation to qualify you is always free of charge and may be the difference between having a judgment against you for 20 years or saving your home and health.

Call us today for a free consultation.

TRUST   |    COMMITMENT  |  RESULTS

 
LAW OFFICES OF JACQUELINE A. SALCINES, P.A.
706 S. DIXIE HIGHWAY
2ND FLOOR
CORAL GABLES, FL 33146
TEL: (305) 669-5280
EMAIL:  J.SALCINES@SALCINESLAW.COM
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