SOUTH FLORIDA MORTGAGE AND DEBT SETTLEMENT LAWYERS MORTGAGE DEBT SETTLEMENT IN FLORIDA Many homeowners who have lines of credit or HELOC’s on their homes, in a second position after their first mortgage, are now in a position to settle the debt. With so many properties still under water, that is, the mortgage balance owed on the first… Read more »
If you are one of the many homeowners that fell prey to all the botched up loans that were foreclosed on in 2009, 2010 and 2011, spearheaded by some of the many firms and attorneys no longer existing today, you are probably wondering why your lender has not refiled its foreclosure. In fact, sometimes even… Read more »
The FAR/BAR and FAR contracts, as they relate to condominium maintenance and assessments is a bit tricky. A knowledgeable realtor should know how to explain the differences to their client, and how to protect their sellers and buyers. On the contract, a seller can either be responsible for assessments due and owing at the time… Read more »
SOUTH FLORIDA REAL ESTATE LAWYERS While cash buyers are much the norm nowadays, there is always a hesitant buyer that questions whether purchasing a property ALL CASH is the best way to go. Or, if financing, even if you have the cash, is the better alternatives. There are many pros and cons to each scenario. … Read more »
The South Florida real estate market continues to experience record breaking sales, with rates of single family homes climbing more than 40% compared to last year. With low inventory and high demand among buyers, flocking in from all parts of the country, sellers are finding themselves in a bidding war. However, anxious to sell quickly,… Read more »
SOUTH FLORIDA DEBT SETTLEMENT LAWYERS DEBT SETTLEMENT IN FLORIDA Faced with insurmountable credit card debt, or unsecured debt from other creditors, often borrowers find themselves without options. Whether filing a bankruptcy is best to get rid of all the credit card debt or registering with a credit counselor. When that credit card lawsuit is filed and served, borrowers… Read more »
Many homeowners that want to short sale their properties are misinformed, thinking that they can not escape the 1099-C tax, and must pay the Internal Revenue Service a capital gains tax on the forgiven debt, under a 1099-C (C stands for cancellation of debt). The 1099-C is a form required by the Internal Revenue Services and prepared by the lender or creditor… Read more »
Many homeowners feel strapped due to a second mortgage on their property, which may cause a property to become “upside down”, owing more on mortgage balances than the property is worth. “Often in the loss mitigation and loan modification industry I encounter homeowners and property owners that think that they can not do anything to negotiate… Read more »
FLORIDA REAL ESTATE ATTORNEYS A recent wave of cases involving fraudulent deeds has surfaced at my office. Deeds that call into question the rightful owner of the property. In order for a Quit Claim Deed or Warranty Deed to be valid in Florida, certain requirements pursuant to Florida Statutes must be met: A deed to… Read more »
