Fleysher Law Blog

Florida Foreclosure, Loan Modification, and Short Sale Attorney

Foreclosure Discounts Shrinking in South Florida

The past year has seen heavy competition between potential buyers of foreclosed homes. The result of this is that the average price for a foreclosed home in Florida is nearly the same as for a non-distressed home. Nationally, bank owned property price discounts fell to 7.7% from 9.1% a year ago. The smallest foreclosure discount has led potential buyers into bidding wars over the shrinking number of foreclosure properties available

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Foreclosure Defense, Loan Modification, and Short Sale Attorney

Latest Trend in Mortgage Fraud: Flopping

The number of short sales has more than tripled in the past three years and with that, the opportunity for fraudsters to make quick money has also grown. Known as “flopping”, an underwater seller arranges a short sale with their mortgage holder and then intentionally misleads the bank about the condition of the property in order to sell it for as low of a price as possible to an accomplice.

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Florida Foreclosure Defense Attorney, Stop Foreclosure Lawyer, Delay Foreclosure Law Firm

New Foreclosure Filings Up in South Florida for 2012

Over 5,100 foreclosures were filed in South Florida in October, 2012, a 50%+ increase from October, 2011. More than 1/3 of the foreclosures (2,300) came from Miami-Dade County. Broward County had almost 1,800 foreclosures, up from 1,200 last year. Palm Beach County shows 1,100 new foreclosure filings, a big jump from the 757 filings in October 2011. Broward County is accounting for 42% of all the foreclosure filings so far

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Foreclosure Attorney Foreclosure Defense Lawyer

Palm Beach County Realeases October Foreclosure Stats

The number of new foreclosure filings in Palm Beach County increased in October compared with the previous month, as well as with the same time in 2011, according to the latest statistics from the Clerk & Comptroller’s office. The 1,418 new foreclosures filed in October also pushed Palm Beach County’s foreclosure case total for 2012 to 13,057, exceeding the 12,154 cases filed for all of 2011. The number of new

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South Florida Bankruptcy & Debt Settlement Attorney

Debt Settlement “Programs” are Often Scams

Many Americans today are faced with large amounts of debt. Because of this, many debt settlement companies have popped up promising consumers ways to get out of their debt in a relatively short amount of time and for less money than they actually owe. However, despite all their TV and radio advertisements, the industry admits that the debt settlement schemes fail to work for about 2/3’s of clients. According to

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How Long Before You Can Get a Mortgage Loan Again?

As a Bankruptcy and Foreclosure Attorney, I am frequently asked how long after Bankruptcy, Foreclosure, or Short Sale a mortgage loan can be obtained. While everyone’s situation is different, the following table is a good overview… Chapter 7 Bankruptcy orChapter 11 Bankruptcy 4 Years Chapter 13 Bankruptcy 2 Years from discharge4 Years from dismissal date Multiple Bankruptcy Filings 5 Years if more than 1 filing within the past 7 years

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Bank of America and Countrywide Foreclosure

Bank of America / Countrywide HUSTLE Investors & Borrowers

In 2008, Bank of America purchased Countrywide and inherited its mortgage program called the “hustle”. This lawsuit claims that Bank of America continued to operate the hustle, which consisted of rubber-stamping risky home loans and then selling them to government controlled Fannie Mae and Freddie Mac, throughout 2009 despite the program’s poor performance. This new lawsuit is very similar to another recently filed where Bank of America settled for one

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