March 2015 | Emil Fleysher, P.A.

February Shows Major Improvements for Foreclosures

Emil Fleysher March 20, 2015

A 35 percent decrease in new foreclosure filings notable in Broward and Palm Beach counties. This shows how the improving economy and higher home prices are benefiting homeowners. In February 2014 Palm Beach County had 342 new filings, in February 2015 only 223. Last year Broward County had 690 new filings in February but in 2015 there have only been 448 new filings. However, Florida still has the third-highest foreclosure

Reset of Loans Causes Increase in Home-Equity Payments

Emil Fleysher March 18, 2015

As interest-only periods expire on loans begun during the housing bubble era, 3.3 million homeowners will be facing higher payments during the next four years on home-equity lines of credit, according to RealtyTrac. The Heloc loans that totaled $158 billion are requiring principal paydowns beginning this 2015 through 2018. There is a rising threat over the number of new defaults. This is due to the new monthly bills increasing an

‘70s Pop Star Files Bankruptcy

Emil Fleysher March 13, 2015

The 64-year-old former teen idol pop star David Cassidy has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Fort Lauderdale where he owns a waterfront property. Furthermore, David Cassidy reported debts included credit cards bills of almost $40,000, a mortgage of nearly $300,000. And, a substantial amount in accountant and attorney fees. Judge Raymond Ray is in charge of the case. The estimation of Cassidy’s assets and

No Foreclosure If No Default Notice Received

Emil Fleysher March 11, 2015

The Fourth District Court of Appeal ruled in favor of the homeowner over Deutsche Bank in a foreclosure case over the notice of default. In fact, the property that the bank was trying to recover is in Port St. Lucie, one of the cities hit the hardest by the housing bubble. However, the hay that broke the camel’s back came from the mailing address to which the notice of default

When Mortgage Transfers Go Awry

Emil Fleysher March 9, 2015

The Fourth District Court of Appeal ruled against HSBC Bank USA in a foreclosure case for lack of standing. The defendants, Donna and Marc Murray, appealed a final foreclosure judgment against the bank with the argument that they failed to validate that the mortgage originator transferred its rights. Judge Melanie May wrote on behalf of the unanimous panel “In this foreclosure puzzle, one of the pieces is missing”. In fact,

Landlords Gain As Demand For Rental Properties Increase

Emil Fleysher March 5, 2015

In a report provided by the U.S. Census Bureau in Washington, D.C. the number of rental properties that are inhabited by renters grew by 2 million last year. The number of available rental properties has fallen 7 percent in the fourth quarter; the lowest it has been since 1993. Since the job market has picked up more young people are about to leave their parent’s homes and start their lives.

Bankruptcy Attorney Suspended for Overcharging Clients

Emil Fleysher March 4, 2015

The biggest bankruptcy attorney in Pennsylvania is now under accusations of overcharging hundreds of his clients. And, misspending thousands of dollars. One victim, Sharon Kaluzny, had to file a Chapter 13 bankruptcy after a tough divorce. Moreover, caring for sick parents forced her to close down her hair salon in 2006. Ms. Kaluzny paid Mr. Mazzei $1,000 upfront when they met at his Tarentum office in Pennsylvania. The bankruptcy court

Fleysher Law Blog

February Shows Major Improvements for Foreclosures

Reset of Loans Causes Increase in Home-Equity Payments

‘70s Pop Star Files Bankruptcy

No Foreclosure If No Default Notice Received

When Mortgage Transfers Go Awry

Landlords Gain As Demand For Rental Properties Increase

Bankruptcy Attorney Suspended for Overcharging Clients

Return to Our Website

Categories

Search

Archives