Would you jump out of an airplane being told by a stranger that you had a parachute but with you not really knowing you had a parachute? I should have a nickel for each time a person tells me they stopped paying their mortgage so their lender would speak to them. If you are trying to do a s
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08/24/2011
How long does it take to be foreclosed? How long does it take to do a foreclosure in Florida? I always try to write about reality as opposed to theory. But when it comes to foreclosure litigation you need to understand the theory before you can talk about the reality. Foreclosure procedure is g
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08/21/2011
Now that you are awake this morning, have you wondered what it is with the banks and lending? I'm not just talking about lending to homeowners so they can buy a home, but lending to the locally owned hardware store, or the new factory or office building that is needed but just can't get financin
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08/19/2011
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 S
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08/16/2011
The most popular opinion why people live in or move to live in Florida is the great weather and lifestyle. But realistically, there are other places with nice weather – so what else makes Florida so attractive? From a lawyer’s perspective the answer is pretty clear: Some call them the "Two Attri
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08/15/2011
Almost 2 weeks ago I received for a client - and received several emails from readers of my blog here on Activerain - a new language short sale approval letter from Bank of America. I MEAN THIS: It says: "Bank of America....... retain the right to pursue collection of any deficiency following th
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08/02/2011
About a decade plus a few days from the date this is written our government was swimming in a budget surplus, and we as a whole, were substantially employed, had lots of equity in our homes and the prospects for our futures seemed bright. Few if any of us knew of - or if we did - paid any attent
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07/17/2011
Based upon statistics from RealtyTrac just released, bank foreclosures in Florida increased 44% in June compared to the previous month. In Palm Beach County, bank foreclosures were up 119%! That is more than double the previous month, when "only" 484 new foreclosures were filed. These numbers a
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07/14/2011
Since 2007 I have been accumulating my legal experience articles in one "sort of easy" repository. You can find them at my Table of Contents. The page contains most of my hopefully informative posts on Short Sales and Loan Modifications and distressed property issues in general from an attorney
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07/09/2011
My law practice today involves dealing with lots of borrowers (for foreclosure solutions) and lenders (for foreclosure prosecution). One of the most prevalent financial situations with a borrower whose property is subject to a condominium, homeowner or property owner association is that they sto
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07/09/2011
