Blog Posts in June, 2013

  • Residential real estate transactions on the rise in Florida

    When it comes to residential real estate, endless speculation surrounds the housing market and whether it is on the rise or on the decline. In Florida, there seems to be some evidence of an uptick in the residential real estate industry. However, it is safe to say that with progress will come some growing pains, including additional administrative needs and possible red tape. Purportedly, a recent ...
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  • Threat of foreclosure is still a concern in Florida

    Florida's housing market has recently posted impressive gains in sales volume and property price. However, a company called Corelogic recently reported that nearly 40 percent of the homes in the Fort Lauderdale area, and more than 40 percent of the homes in the greater Miami area, remained under water during the first quarter of 2013. That means, despite improvement in the housing market, threat ...
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  • How A Second Mortgage is Affected by Bankruptcy

    If a second mortgage on your principal residence, aka Florida homestead, in Okaloosa, Walton, or Santa Rosa County, Florida, is completely unsecured (meaning if the amount of your first mortgage is greater than the value of your home), then you may be able to strip or remove the 2nd mortgage debt and lien from your home through a Chapter 13 Bankruptcy. If it can be proven to the Court that the ...
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  • New Florida law may increase need for foreclosure defense

    Foreclosure of residential property became more common once the recent recession began taking effect on the economy. Florida was hit especially hard with 102,000 foreclosures over the last 12 months, leaving tens of thousands of people in need of foreclosure defense. However, the state's inefficient foreclosure process has kept many of these homes from re-entering the real estate marketplace. This ...
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  • New Florida bills affect home or condo owners in associations

    Homeowners and condo associations are meant to make living together easier. There are many regulations that affect the operations of associations of homeowners. In Florida, three recently passed bills are making several additions to the laws governing homeowners and condominium associations . House Bill 73 imposes a number of requirements on associations. For instance, this measure limits ...
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    In my experience on Florida's Gulf Coast, this question is usually one of the first questions a client asks her attorney at the initial consultation. It seems fair to most reasonable people that if you are involved in litigation and you win, then the person who lost should have to pay your lawyers. However, this is not the rule in the United States, although it is in other countries. Under the ...
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