Short Sales

Many buyers and sellers are on pins and needles… not knowing whether to take the plunge and buy a property or place their homes on the market and...

Recent, significant changes in Florida’s Foreclosure law have shortened the time period in which a lender can collect a deficiency, or balance after a mortgage foreclosure or short...

The Responsible Homeowner Refinancing Act of 2013 was reintroduced this week for approval by Congress. This bill, if passed, will benefit responsible homeowners who have stayed afloat and maintained their...

Shocking news hit the internet last week about Bank of America and its deliberate denial of Loan Modifications to hundreds of thousands of borrowers.  In a pending class...

Underwater borrowers these days have many options… and bankruptcy does not have to be one of them.  Often time, a borrower comes into my office, has stopped paying...

As a Real Estate Attorney in Miami Florida, and especially in the last few years I’ve seen some people struggle with the concept of a “short sale”. They are...

Short Selling Your House Successfully Contrary to what you may have been led to believe, short selling your house successfully in Miami is not difficult, nor complicated. The thing is, we’ve been...

According to The Miami Herald, “Florida claimed first place in the nation in foreclosure activity in January – eclipsing much larger California, according to data in RealtyTrac”  – The...

On Friday, January 18, 2013, Fannie Mae and Freddie Mac announced changes to their servicing requirements for short sales. These changes apply to all Fannie Mae and Freddie...

CoreLogic reports that in the 4th Quarter of 2012, over 200,000 properties came up from being “underwater” and a total of 1.7 Million homes in all of 2012. ...

Many homeowners, and realtors alike (offering short sale advice to their clients), are unaware that a short sale on a primary residence in Florida, will result in a complete forgiveness of debt...

You’ve all heard the story before, months and months of laboring to get the short sale approval, you finally get it and the second lien holder or mortgage...

MORTGAGE FORGIVENESS RELIEF ACT OF 2012 RELIEVES DISTRESSED HOMEOWNERS IN SHORT SALES AND LOAN MODIFICATIONS FOR ONE MORE YEAR Finally, Congress came to its senses, and extended the...

SOUTH FLORIDA SHORT SALE ATTORNEYS REAL ESTATE LAW Short Sales, where the mortgage company agrees to accept a “short” payoff of their mortgage (less to pay off the...

UNDERWATER HOMEOWNERS IN SHORT SALES MAY FACE HEFTY TAX IF CLOSING DOES NOT TAKE PLACE BEFORE DECEMBER 31, 2012 Most homeowners with underwater properties know far too well the advantages of...

Effective October 1, 2013, HUD announced new and favorable changes to their FHA short sale requirements for homeowners seeking to short sale their homes. This new Streamlined Short Sale, may...

You have stopped paying your mortgage, have been served  with a foreclosure complaint, Lis Pendens, and don’t know what to do. Although filing an Answer pro se (representing yourself...

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...