FANNIE MAE, FREDDIE MAC, HUD - Suspending all foreclosures and evictions
Mar 18, 2020
FANNIE MAE, FREDDIE MAC, HUD - Suspending all foreclosures and evictions as an emergency measure because of COVID-19, announced about 1 pm EDT this afternoon. Can Borrowers Last Without Default? The w...
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COVID 19 - HOW WILL IT AFFECT THE HOUSING MARKET?
Mar 16, 2020
COVID 19 has decimated the stock market and collapse has just occurred before the economics has been felt in the broad economy here in the US. What is still to come? First Impacts - Service and Travel...
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Water Damage Affecting Condominium Homeowners – Who Is Responsible?
May 01, 2019
Here in South Florida a common water damage issue in a condominium is who is responsible for water damage to a unit if the leak occurred in another unit or in a wall. If one of the units touched by su...
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Water Damage Affecting Condominium Homeowners – Who Is Responsible?
May 13, 2018
Here in South Florida a common Condominium water damage issue is who is responsible for water damage to a unit if the leak occurred in another unit or in a wall. If one of the units touched by such mi...
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SELLING A DECEASED RELATIVE'S REAL ESTATE
Dec 05, 2017
What happens when a home is left to a child or other relative of a deceased parent or uncle or aunt or grandparent? Who owns the house? Can the house be sold? Can the relative use it as their own? WHA...
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FORECLOSURE BIDDING CAN CREATE FINANCIAL DISASTER IF YOU WIN
Jul 09, 2017
We are constantly getting asked about foreclosure purchasing. About half the calls are from persons that already bought the property at foreclosure and now find out that there is a bank foreclosing ag...
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LOAN MODIFICATION LEVERAGE FOR DELINQUENT BORROWERS
May 10, 2017
If you are still delinquent on your mortgage - it is time to check to see who owns the mortgage as Goldman Sachs could have bought your mortgage recently - and they want to do modifications and save y...
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ASSOCIATION CLAIM FOR LATE FEES & COSTS AFTER FORECLOSURE OF A MORTGAGE
Sep 04, 2016
Several association boards of directors have problems understanding the homeowner association lien rights and how the Florida "safe harbor" exemption to payment works. This article applies to when the...
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ASSOCIATION CANNOT CLAIM ASSESSMENTS WHILE IT IS THE OWNER
Jun 13, 2016
Real Estate investors who purchase Florida condominiums or other association homes at real estate foreclosure sales have been given guidance on their liability to the condominium association (or homeo...
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SHORT SALE DEFICIENCY - BARRED AFTER ONE YEAR STATUTE OF LIMITATIONS IN FLORIDA
Dec 05, 2015
When can a short sale deficiency be enforced in Florida? This has been a topic of discussion as the legislature in 2013 amended the law that makes the answer to that question unclear. Here we try to...
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