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Fleysher Law Blog

Investors

As Investors Retreat, Home Values Stall

The increase in home prices has begun to slow down due to less interest from investors. On a seasonally adjusted basis, during the month of June, property prices only rose 0.1 percent, according to the Federal Housing Finance Agency; as opposed to the estimated 0.5 percent that data gathered by Bloomberg predicted. After helping to drive prices up, investors are now pulling back. They are doing this due to a

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Florida’s legal aid societies

Florida’s Legal Aid Societies are in Grave Danger

Florida’s legal aid societies are slowly crumbling. This society is in place to assist the poor in battling foreclosures and evictions and collecting government benefits. However, Florida’s legal aid societies are in peril. Due to financial cuts from the state, local governments, and the Florida Bar Foundation the organization might not be allowed to remain open for much longer. There have been lawyers furloughed, as well as pay cuts, in

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Developmental Program

Developmental Program For Accelerated Substitute to Foreclosure

The U.S. bankruptcy trustees have initiated a developmental program. The program could drastically quicken the sale process of homes by Fannie Mae, Freddie Mac, and other major lenders. Instead of allowing properties to sit on the sidelines while the bankruptcy process plays out, the program would cut years off the sale of said properties and received compensation from sold properties to repay unsecured lenders. What Is The Idea Behind This

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Foreclosures in Miami

Foreclosures in Miami are Reducing

The rate of foreclosures in Miami has fallen by 5.9 percent in July. This has been its lowest point since the crash of the housing market. Unfortunately, Miami, which also includes Miami Beach and Kendall, are still among the highest in the country. The number of outstanding mortgages averages at about 1.7 percent in the county. Meanwhile, in Miami, it is almost 3 times that percentage. This is all according

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Broward County

Housing Boost for Broward County

Home sales have continued to rise in the past couple of months 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. Therefore, the interdependence between buyers and sellers will unravel the economical housing options in Broward County. In fact, close to 94 percent of single-family homes put

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settlement

Bank of America Pays Florida $1 Billion in Settlement

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

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Fort Lauderdale

Billion Dollar Condo Redevelopment Comes to Fort Lauderdale

In the past 36 months, developers of the Greater Downtown Miami area have announced their plans. The plans have to do with the creation of 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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New Home

South Florida in the Top 10 Markets of New Home Sales

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. This was after conducting a nationwide survey of nearly a thousand communities, including job and population growth with housing evidence. The construction business is doing very well right now. The reason is that there is a high demand for new homes. But, the supply is minimal

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real estate market in South Florida

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

The real estate market in South Florida is changing drastically. Palm Beach County home sellers are putting big price tags 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 a 14.8 percent increase, and Birmingham, Alabama, and Miami-Dade County tied

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Foreclosure for South Florida

July: A Tough Month With Foreclosures For South Florida

In July, South Florida was among the regions with the highest foreclosure rates in the Country. Moreover, one in every 421 homes had a foreclosure filing throughout Miami-Dade, Broward, and Palm Beach County. The tri-county came in 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

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