Bidding on a foreclosure auction? Buying a property through a homeowner association or condominium association auction? A preliminary title report run by an attorney, which is an examination of title and liens, can spot trouble ahead for a foreclosure auction bidder, to help make an educated and informed decision as to the future investment potential… Read more »
It appears that all these penalties to lenders for failing to modify borrowers’ loans is finally doing homeowners some good. The Streamlined Modification program is really taking off and really working to assist borrowers. The Freddie Mac Streamlined Modification program provides remedies to seriously delinquent borrowers that may not qualify under other programs. While the Streamlined Modification… Read more »
If you are like many out there that are struggling to make your mortgage payments and have an FHA loan, there is good news. The government has rolled out a new program that Pre-Approves Short Sale prices for homes where the loans are backed by FHA. In order to qualify, you will first need to make sure that your… Read more »
SOUTH FLORIDA REAL ESTATE ATTORNEYS Residential and commercial real estate leases often have an Option to Purchase clause that allows the tenant to exercise an “option to purchase” the property at a certain time during the lease. Options to purchase can be complicated and carry with them strict requirements, that may have a deadline and… Read more »
OCTOBER 2016 REAL PROPERTY CASE LAW UPDATES By: Jacqueline A. Salcines, Esq. FORECLOSURE LAW: Debtor lost the right to defend the mortgage foreclosure action pending in state court, when it agreed to surrender the property in the bankruptcy and was required to surrender the property to the trustee and to the mortgage lender. Failla v. Citibank, N.A., Case No…. Read more »
HIRING AN ATTORNEY TO HANDLE YOUR REAL ESTATE PURCHASE IS THE WISEST THING YOU CAN DO TO PROTECT YOUR INVESTMENT. As an attorney and title agent, I find this to be the most asked question in my practice. Often times, clients do not even know that an attorney can be a title agent, or vice… Read more »
Does Bank of New York Mellon own your loan? Do you owe more than your property is worth? Are you unable to make your mortgage payments, or have stopped paying on your mortgage for over five years? At the Jacqueline A. Salcines, P.A we represent property owners that are being sued by Bank of New… Read more »
Governor Rick Scott signed a bill that aims to move foreclosure through the court system more quickly, but some homeowners are weary that this will strip them of crucial rights they have as homeowners and mortgagors. House Bill 87 places on the Plaintiff/Bank, the responsibility of filing cases with a clear “chain of ownership” of the mortgage and note… Read more »
SOUTH FLORIDA REAL ESTATE LAWYERS It is never a pleasant notion to have to file a lawsuit against a family member or sibling. When property of a deceased is inherited via a Last Will and Testament, however, often the siblings have different ideas with regard to the property. Some may want to rent it. Others… Read more »
