Written by Emil Fleysher | December 26, 2014 | Foreclosure
During the foreclosure process, condo assessments remain unpaid and the Courts have put an order to make someone responsible for unpaid dues.
Now that the tidal wave of foreclosure diminishes, legislators and judges are adjusting the law to determine who will responsible to pay past due balances, most of which are condominium fees. The Florida safe harbor provision puts a cap on condo assessments that are owed by “first mortgagee or its successor or assigns” who pick up title during the foreclosure process.
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Written by Emil Fleysher | December 15, 2014 | Foreclosure
An advisory committee to the Florida Supreme Court informed the Palm Beach Circuit chief judge that an administrative order that throws out certain motions in foreclosure cases as “abandoned” is a local rule. According to Florida Rules of Judicial Administration, a local rule is a rule of “practice or procedure” for trial court application only, because local conditions require. It provides an omission or facilitates an application of a statewide rule, but does not conflict.
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Written by Emil Fleysher | December 15, 2014 | Bankruptcy
Million of Americans are having a hard time getting loans due to their medical bills bring down their credit scores.
In a new report of compiled data provided by the Consumer Financial Protection Bureau, close to 20 percent of U.S. shoppers are in debt due to unpaid medical bills. Many Americans seem to be confused by the bills that insurance companies and hospitals are providing for the cost of their treatments.
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Written by Emil Fleysher | December 15, 2014 | Mortgage Loan Modification
Justice is served after a group of cheats bamboozled thousands of homeowners who were trying to obtain loan modifications.
Jason Vitulano plead guilty and was sentenced to 11 years in a federal prison and ordered to pay restitution of $5.9 million dollars in a West Palm Beach Courthouse after running a boiler room scheme targeting troubled homeowners for mail and wired fraud.
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Written by Emil Fleysher | December 9, 2014 | Foreclosure
Nationwide, home prices have finally begun to level out after being driven up by investors.
September brought on the slowest rise in home prices while providing decent sale gains and more variety in sale inventory. According to the Standard & Poor’s/Case-Shiller index of home prices in 20 major cities, September marked a 4.9 percent increase in comparison to a year ago but a 5.6 percent decrease compared to August.
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