The Consumer Financial Protection Bureau (CFPB) reports that the number one complaint they receive is from Non-borrowing spouses who survive the borrowing spouse and wish to keep the house. When the borrower spouse dies, the surviving spouse often faces foreclosure, despite the fact that they wish to keep the house. If they can add their income… Read more »
At my firm, we have processed over 250 short sales to date and the numbers keep growing. With so many borrowers upside down on their mortgage, second mortgages, SBA loans and a myriad of liens and judgments on the property, faced with a foreclosure sale, they think their options are limited and throw in the… Read more »
SOUTH FLORIDA REAL ESTATE LAWYER A partition or partition action is a lawsuit filed by one title holder of a property, against another title holder. Often, the title holders are family, or prior spouses, or children that inherited property from their deceased parents. The lawsuit basically requires a Judge to interfere and sell the property since… Read more »
SOUTH FLORIDA REAL ESTATE LAWYERS MOVING FOR SURPLUS AFTER A FORECLOSURE AUCTION After the foreclosure auction, depending on how much money the successful bidder paid for the property at auction, there may exist a surplus. Specially if the foreclosure case was initiated by the Homeowners Association or Condominium Association. As a prior owner, you are entitled… Read more »
SOUTH FLORIDA LANDLORD TENANT LAWYERS All residential Landlord Tenant actions under landlord tenant law in Florida are governed by Florida Statutes Chapter §83. Landlord tenant law states that anytime a tenant is in default of the terms of the Lease, a written notice with seven days to cure the default is required from the Landlord. An… Read more »
FLORIDA REAL ESTATE ATTORNEYS UNDERWATER HOMEOWNERS CAN NO LONGER STRIP A SECOND MORTGAGE IN A BANKRUPTCY In an important Supreme Court decision last week, Justice Clarence Thomas and his Supreme Court colleagues ruled that underwater homeowners wishing to strip their second mortgages in a Chapter 7 bankruptcy would no longer be permitted to. BACKGROUND Under… Read more »
This is the million dollar question asked by homeowners that are looking to sell their property in today’s market. Many clients are visiting our offices with the notion of a short sale or loan modification. However, once we are able to run the property on the MLX and prepare a Comparative Market Analysis by square… Read more »
Watching the Oscars tonight, I couldn’t help but feel such overwhelming pride for all the winners. Reaching the height of their career, with limitless possibilities for the future. As one of the winners was so poignant to point out “this country was built on hope” and I felt that hope alive for all the actors… Read more »
SOUTH FLORIDA REAL ESTATE LAWYER Serving clients with Residential, Commercial, and Investment Real Estate Transactions If you are among the many individuals who has considered acquiring additional commercial or residential properties either to expand your business or generate additional revenue, it is important to understand what goes into this process thoroughly. Real estate acquisitions have… Read more »
