Housing Boost for Broward County

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Broward County is maintaining a steady increase in real estate.

Home sales have continued to rise in the past couple of month nationwide. In Broward County it is no different. Those who are attempting to sell their properties are finding that there are a lot more self-assured buyers with the now steading housing market. The interdependence between buyers and sellers will unravel the economical housing options in Broward.

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Criminal Charges for Fraudulent Couple Who Filed Bankruptcy

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Hiding assets in bankruptcy court will cause for your bankruptcy to be discharged and you will face criminal charges.

Although bankruptcy is an uncomfortable process to go through, has given many people a fresh at finances. One of the key points in being given financial freedom is that you must be completely honest during the bankruptcy process. One couple in Palm Beach is now facing criminal charges for trying to conceal valuable goods from bankruptcy court.

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Bank of America Pays Florida $1 Billion in Settlement

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Nearly 17,000 Floridians will see some kind of relief from Bank of America due to its record-breaking settlement.

The Florida Attorney General’s Office declared that Bank of America will be providing a billion dollars for relief to approximately 17,000 Floridians over a settlement for mortgage security fraud. $16.65 billion was paid by Bank of America Corp to finalize the investigation for sale of harmful mortgage securities by federal, Florida and other states during the housing bubble.

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Billion Dollard Condo Redevelopment Comes to Fort Lauderdale

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1,600 new condos in 7 new towers will be developed near the Galleria Mall in Fort Lauderdale.

In the past 36 months developers of the Greater Downtown Miami area have announced their plans for creating 65 new Towers while the Fort Lauderdale area has sat by unproductive. This, however, was changed with news released last week. In a report provided by the Sun-Sentinel, the partnership group that manages the Galleria Mall in Fort Lauderdale has disclosed a Billion reinvention plan.

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South Florida in the Top 10 Markets of New Home Sales

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Florida has taken 5 spots in a nationwide report of home construction.

According to Metrostudy Research Firm, South Florida ranks among the top markets of home construction. The tri-county area is ranked ninth in the country after a nationwide survey was conducted of nearly a thousand communities, including job and population growth with housing evidence. The construction business is doing very well right now because there is a high demand for new homes but the supply minimal which allows for homebuilders to work the market to their favor.

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South Florida Rentals are Going Sky High

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South Florida is within the top 3 regions in the country whose rent is getting higher than the national average.

South Floridians are feeling the pain when it comes time to pay their landlords. Rent is taking a larger sum out of their paychecks than nearly anywhere else in the country, and there is no sign of relief in sight. It takes 44 percent of your earnings, typically, to pay rent in South Florida.

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Palm Beach County Makes The Top 5 Highest Asking Prices In The Nation

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The real estate market in South Florida has increased substantially over the last couple of years.

Palm Beach County home sellers are putting big price tag on their homes. According to Trulia.com the asking prices for the properties have increased 14.5 percent in the area compared to August of last year. They are the fourth raking region in the nation. Lakeland took third place with 14.8 percent increase, and Birmingham, Alabama and Miami-Dade County tied at 15.6 percent.

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July: A Tough Month With Foreclosures For South Florida

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South Florida had a tough July raking amidst the highest foreclosure rates in the region.

In July, South Florida was among the regions with the highest foreclosure rates in the Country. One in every 421 homes had a foreclosure filing throughout Miami-Dade, Broward, and Palm Beach County. The tri-county is ranked fifth throughout Florida. Palm Bay-Melbourne was among the top with one in every 404 homes in foreclosure, Orlando was second with one in every 357, but Ocala was first with one in every 296 homes.

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Florida Foreclosures Go Up In Over A Year

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Due to the new “fast track” law, foreclosures in Florida are increasing.

Brand new foreclosure filings have gone up 24 percent in comparison to the beginning of the year. This increase is the first annual one since the beginning of 2013 and it is believed that this is part of the foreseen tsunami of homes that will be taken away. There were 6,468 foreclosures in August; a 74 percent boost from July reported RealtyTrac, a company that records foreclosures throughout the country.

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Good News South Florida: Less Cash Sales

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The decline in cash sales has given people who are in need of loans a chance at getting them even if they have recently done a short sale or gone through bankruptcy.

A report provided by the Realtors Association of the Palm Beaches states that investors, which predominately purchase properties in cash only, are at the lowest point in several years.

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Any information on this website is not intended to be communicated as legal advice. All information contained on this site is general and intended for information purposes only. For detailed legal advice regarding your loan modification, foreclosure, and/or bankruptcy needs, please schedule an appointment with the attorney. The Law Office of Emil Fleysher, P.A. is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.