A Florida Supreme Court ruling announced earlier this week threatens more homeowners with foreclosure actions. Generally speaking, lenders have five years to foreclose on a home thanks to the state's statute of limitations. In some cases, however, the courts have dismissed a foreclosure action, ... » Learn More about Florida Supreme Court modifies foreclosure’s time frame
Short Sale
5 fairly typical errors when purchasing short-sale homes
A foreclosure or short-sale home might tempt a buyer with the promise of a great deal, but it's important for buyers to protect yourself from common mistakes. A short sale occurs when a homeowner sells a property for less than the total amount owed on the mortgage, therefore the lender isn't ... » Learn More about 5 fairly typical errors when purchasing short-sale homes
Completely free foreclosure help is available
36 months ago, Florida lawmakers earmarked $10 million to provide free housing counseling and financial education services to homeowners facing foreclosure. But up to now, most of that money remains unused. Completely free foreclosure help is available This is exactly why the Florida Housing ... » Learn More about Completely free foreclosure help is available
Loan problems and misrepresentation declines nationally
Low interest rates and far better loan processing have produced the smallest national degree of loan defect and misrepresentation in the recent past, according to First American Financial Corp. The financial firm’s Loan Application Defect Index shows defect and fraudulent information submitted on ... » Learn More about Loan problems and misrepresentation declines nationally
Tampa firm invests by way of an unusual bankruptcy method
Two years ago, a new Tampa company called RE-710 declared bankruptcy to halt foreclosure of nearly 50 homes it had been renting out for 1000's of dollars. The company was so new it didn't have employees, equipment or furniture. It had acquired the majority of the properties just a few days before ... » Learn More about Tampa firm invests by way of an unusual bankruptcy method
