Month: March 2015

February Shows Major Improvements for Foreclosures

Written By: Emil Fleysher | March 20, 2015 | Foreclosure
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
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Reset of Loans Causes Increase in Home-Equity Payments

Written By: Emil Fleysher | March 18, 2015 | Bankruptcy
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
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‘70s Pop Star Files Bankruptcy

Written By: Emil Fleysher | March 13, 2015 | Bankruptcy
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.
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No Foreclosure If No Default Notice Received

Written By: Emil Fleysher | March 11, 2015 | Foreclosure
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
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When Mortgage Transfers Go Awry

Written By: Emil Fleysher | March 9, 2015 | Foreclosure
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
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Landlords Gain As Demand For Rental Properties Increase

Written By: Emil Fleysher | March 5, 2015 | Bankruptcy
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
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Bankruptcy Attorney Suspended for Overcharging Clients

Written By: Emil Fleysher | March 4, 2015 | Bankruptcy
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.
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