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Florida flood insurance put at risk

May 17th, 2012 · No Comments · News, Real Estate Law, Uncategorized

Tweet http://articles.sun-sentinel.com |   “The Florida Legislature’s attempt to speed building permits and kickstart construction has inadvertently put the state’s homeowners in jeopardy of being booted out of the National Flood Insurance Program. Without flood insurance, you can’t get a mortgage in much of Florida. The impact on housing, construction and the state’s fragile real [...]

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Florida Supreme Court hearing foreclosure appeal

May 13th, 2012 · No Comments · Litigation, News, Real Estate Law, Uncategorized

Tweet By The Associated Press   “The Florida Supreme Court is hearing oral argument in a mortgage foreclosure case that could have far-reaching consequences. Thursday’s argument focuses on whether lenders or other plaintiffs can avoid penalties for filing forged documents with courts simply by voluntarily dismissing their cases. Palm Beach County homeowner Roman Pino accused the [...]

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Community association’s eviction legal, court says

May 13th, 2012 · No Comments · Litigation, News, Real Estate Law, Uncategorized

Tweet   By SHANNON BEHNKEN | The Tampa Tribune   “A woman who says her homeowner’s association wrongly took possession of her home lost her first court bid to get it back Wednesday but plans to try again. Joanne McCarn may have expected too much of the hearing, which covered the narrow issue of whether the Bridgewater Community [...]

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New foreclosure wave to hit ‘everyday’ borrowers

May 8th, 2012 · No Comments · Foreclosure, Real Estate Law, Uncategorized

Tweet By Nick Carey     “Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers [...]

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Tougher requirements start Monday for FHA mortgages

May 7th, 2012 · No Comments · Foreclosure, News, Short Sales, Uncategorized

Tweet By Mark Puente, Times Staff Writer   “It’s going to be tougher to get a government-backed mortgage on Monday. Next week, home buyers with ongoing credit disputes over $1,000 will no longer be approved for a mortgage backed by the Federal Housing Administration. Buyers with collection accounts will either have to pay the debt off [...]

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Potential Mortgage Fraud

May 7th, 2012 · No Comments · Foreclosure, loan modification, News, Short Sales, Uncategorized

Tweet Posted by Robert Trigaux | tampabay.com   “Wake up and good morning. Florida and Tampa Bay are hardly strangers to mortgage fraud. But the latest federal report on mortgage fraud suggests Hillsborough County leads the way nationwide in potential mortgage fraud, a disturbing No. 1 status given the hype and promise from mortgage fraud “task forces” [...]

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Bank of America puts system in place to fast-track short sales

April 30th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Eric Sollman, Reporter | baynews9.com   “Bank of America wants to help speed up the process of selling thousands of homes facing foreclosure. The bank wants to get someone in those homes in 20 days through short sales. Marcia Goldstein just went through the short sale process through her realtor and Bank of America. [...]

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Still Time to Have Forgiven Mortgage Debt Excluded as Taxable Income

April 3rd, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet BY: ESTHER CHO | dsnews.com   “Homeowners who have had mortgage debt forgiven after a foreclosure, modification, or short sale may be able to exclude the canceled debt from their taxable income if they meet specific criteria. According to Gil Charney, principal analyst at The Tax Institute at H&R Block, the specific criteria to have forgiven [...]

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Housing Crisis to End in 2012 as Banks Loosen Credit Standards

April 3rd, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet BY: KRISTA FRANKS BROCK | dsnews.com   “Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to [...]

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N.Y. foreclosure lawsuit could slow home seizures

March 31st, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet By John W. Schoen, Senior Producer (msnbc.com)   “Bankers struggling to deal with faulty foreclosure paperwork just got hit with another major headache. New York State Attorney General Eric Schneiderman, recently tapped by President Obama to head a new task force to investigate mortgage fraud, sued three major U.S. banks Friday, accusing them of using [...]

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