Jon Coats Law Blog

Jon Coats Law Blog header image 4

Entries Tagged as 'client short sales Pinellas County'

Mortgage relief: Partial solution better than none

February 7th, 2012 · No Comments · Foreclosure, News

Tweet By John Schoen | http://bottomline.msnbc.msn.com   “As the clock ticks down on year-long negotiations on a sweeping mortgage relief settlement, the architects of the joint state-federal plan believe it would be better for homeowners to get a partial deal than nothing at all, according to sources close to the talks. Facing a Monday deadline, attorneys general in all 50 [...]

[Read more →]

Tags:·····················

So far, only 60 take up Bank of America on short sale incentive

January 31st, 2012 · No Comments · Commercial Loans, Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Mark Puente, Times Staff Writer   “Only 60 Floridians have received cash from a Bank of America program that pays up to $20,000 to homeowners who sell distressed properties in a short sale. The lender still expects thousands more in the Sunshine State to collect the money before the pilot program ends in August. [...]

[Read more →]

Tags:···························

5 nasty surprises that can stop your home purchase cold

December 5th, 2011 · No Comments · loan modification, News, Short Sales, Uncategorized

Tweet By Marilyn Lewis of MSN Real Estate: “When a seller wants to sell a home and finds a buyer who wants to buy it, you’d think they’d have a deal. What could go wrong? These days, plenty. In this tough financial climate, there are both longstanding pitfalls and a crop of new ones. At best, these can [...]

[Read more →]

Tags:···············

Not a happy anniversary: Real estate bust turns 5

June 26th, 2011 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet By SHANNON BEHNKEN | The Tampa Tribune “It’s an inauspicious anniversary. Five long years ago this month, the Tampa Bay area’s supercharged housing prices finally ran out of steam, and the housing bust officially began. Prices have been free-falling ever since. The dips have slowed, even reversed at times, but every month new data shows median [...]

[Read more →]

Tags:·····················

Bankruptcy And Your Home

March 12th, 2011 · No Comments · loan modification, Real Estate Law

Tweet News article from MSNBC.com: For some struggling homeowners, desperate step could stop a foreclosure By John W. Schoen “By the time the foreclosure notice arrives, most struggling homeowners figure they are out of options. But there is one more step, often overlooked but sometimes effective: bankruptcy. It’s not a move to be taken lightly. [...]

[Read more →]

Tags:··············

Are Foreclosures A Good Bargain?

March 8th, 2011 · No Comments · Foreclosure, Uncategorized

Tweet In Arizona market crushed by home losses, ads tout advantages of new construction, risks of bank-owned properties By BOB CHRISTIE “PHOENIX — Homebuilders trying to fight off customers’ attraction to cheap foreclosures are doing more to show buyers that the good deals can come with pitfalls. The companies are increasingly trying to woo buyers like [...]

[Read more →]

Tags:··················

Spring: Good Time To Buy A House?

March 7th, 2011 · No Comments · Foreclosure, News, Short Sales, Uncategorized

Tweet Visit msnbc.com for breaking news, world news, and news about the economy

[Read more →]

Tags:·············

Slash mortgage deductions for the rich? Fat chance

February 15th, 2011 · No Comments · News, Real Estate Law, Uncategorized

Tweet By Tami Luhby “NEW YORK (CNNMoney) — President Obama’s plan to limit two popular deductions for wealthy taxpayers will hit a wall of resistance from entrenched special interests. The president once again proposed in his budget to curtail high-income earners’ tax deduction for mortgage interest payments and charitable contributions. Under his proposal, taxpayers in [...]

[Read more →]

Tags:··············

Banks foreclose on rental property owners

January 13th, 2011 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet by Cara Restelli, KY3 News SPRINGFIELD, Mo. — Imagine never being late or missing a payment, but still losing your home to foreclosure.  It’s happening across the nation to owners of rental properties. An owner of multiple rental properties can’t typically get a traditional loan, so he’ll get a one-, three- or five-year note [...]

[Read more →]

Tags:······················

10 resourceful real estate tips for 2011

December 30th, 2010 · 1 Comment · Real Estate Law, Uncategorized

Tweet “Must we endure yet another year of housing crisis? What choice do we have? No amount of optimistic projections and statistical manipulation can remedy this protracted housing pain. Historically speaking, five to seven years has been a standard interval for house prices to stabilize following serious corrections. By that measure,the worst should be behind [...]

[Read more →]

Tags:···············