Blog Posts in August, 2013

  • Florida residents: trouble purchasing residential real estate?

    There seems to be a growing trend in home purchasing: paying in cash. A recent article has shown that residential real estate is selling for cash at an astonishing rate. This creates a problem for residents that want to mortgage their home. First time buyers in particular are finding it difficult to purchase residential real estate because sellers seem to be holding out for a cash offer. Florida ...
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  • Consumers have strong responses to ongoing threat of foreclosure

    There's an increasing trend in the country for a decline in the rate of delinquencies and foreclosures as compared to this period last year. The national mortgage delinquency rate, meaning borrowers at least 60 days past due, went down by 26 percent in the second quarter, as compared to same quarter last year, according to the TransUnion credit information service. Florida, however, still has the ...
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    I recall in grade school that one of my teachers would always say to "keep it simple stupid" and he called it the K.I.S.S. rule. Simply stated, the K.I.S.S. rule applies where you have unnecessarily over-complicated any type of undertaking. I remembered this rule when I was reviewing a foreclosure case where an owner had represented himself for several years before finally getting an attorney. The ...
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  • Threat of foreclosure decreases in Florida and nationwide

    The real estate market was one of the hardest hit sectors during the recent recession. During this challenging economic time threat of foreclosure became rampant all across the nation with some states being hit worst than others. Florida had been known as one of the worst hit states with record numbers of foreclosures during the recent recession. However, some recent data shows that the real ...
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  • Florida loan modification may help stop foreclosure

    In the event that a homeowner is facing foreclosure, they usually are in a battle to save themselves from losing their home. Not only is the homeowner affected, but so is their family who depends on them. Florida homeowners are now facing more challenges since a law has passed called the 'fast-track foreclosure bill.' As part of the bill, homeowners cannot regain back their property even if it was ...
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