The Protecting Tenants at Foreclosure Act of 2009 clearly stated that any lease entered into AFTER the notice of foreclosure did not have the protection of the Act to allow the full lease term to run. But the Dodd-Frank Wall Street Reform and…
ContinueAdded by Richard Zaretsky on September 24, 2013 at 1:30am — No Comments
If you have a client that has a just filed or soon to be filed residential foreclosure action in Florida, what new timelines can you expect under the new Florida Foreclosure Law? Effective with all NEW lawsuits filed on or after July 1, 2013 the new streamlined foreclosure procedures law will govern how fast the lawsuit will proceed – or at least that is the theory behind the new law. Reality can be quite something else.
Under the law as it existed before June 7, 2013 (the date…
ContinueAdded by Richard Zaretsky on June 25, 2013 at 12:58am — 1 Comment
With foreign buyers again flocking to buy United States real estate, it is important as a Buyer Realtor to remember to advise them of their obligations and liabilities when they sell it. FIRPTA (Foreign Investment in Real Property Tax Act) has been around for decades, yet many Realtors forget to tell their foreign buyers of the implications of FIRPTA when the foreigner is looking to buy, thereby possibly short changing their client on options and surprising them with expenses when they…
ContinueAdded by Richard Zaretsky on June 5, 2013 at 1:48am — 1 Comment
As a further sad saga on the false hope of Quiet Title lawsuits being a fabulous answer to homeowners trying to invalidate their mortgages, a Florida foreclosure defense attorney who tried the scheme on his own property is now missing and has absconded with over $3 million that was in his law firm and title company trust accounts. The scheme to eliminate the homeowner’s mortgages was discussed in my last article, …
ContinueAdded by Richard Zaretsky on April 18, 2013 at 12:50pm — No Comments
In a briefing by Credit Suisse this week, the financial giant’s opinion was that reducing principal balances of underwater mortgages is a risky idea that has not been shown to keep underwater borrowers from later defaults. In my practice as a Florida real estate lawyer, that opinion flies in the face of borrower sentiment. The guiding force in the Credit Suisse statement seems to be the “…
ContinueAdded by Richard Zaretsky on January 27, 2012 at 4:35pm — 2 Comments
PRESENTING THE SHORT SALE ADDENDUM YOU CAN'T SIGN! Agents hold on to your wallets as this could cost you big time! This is just too big and important to let one blog article suffice. And developments on this are occurring quickly. The problem was pointed out in my ActiveRain re-blog Freddie Mac Short Sale Addendum - Item #13 - I DON'T THINK…
ContinueAdded by Richard Zaretsky on September 30, 2011 at 7:30am — No Comments
Some of my short sale staff and I met with Bank of America in Miami today at their “Short Sale Summit”. We had a nice small group that met twice this afternoon - and I got to ask and have answered several questions which I think are important to those agents who are working short sales.
THEY SENT THE BIG GUNS
First, we…
Added by Richard Zaretsky on August 17, 2011 at 2:42pm — 2 Comments
You may have been reading about Bank of America short sale approval letters and some changes that have occurred. The Bank of America Short Sale Approval Letter has had various versions dealing with deficiency of the promissory note. This article will look at the BoA short sale letter recent changes.
History - Before June 2009
Until June 2009 the typical Bank of America short sale approval letter was not a release of mortgage and a release of…
ContinueAdded by Richard Zaretsky on November 16, 2010 at 4:20pm — 4 Comments
Short Sale Primer For Brokers, Sellers and Buyers…
ContinueAdded by Richard Zaretsky on April 18, 2010 at 4:29pm — 2 Comments
Added by Richard Zaretsky on October 13, 2009 at 12:43am — 1 Comment
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