Offices in Broward, Palm Beach, Martin, and St. Lucie Counties

Fleysher Law Blog

Broward County, housing market, short sales in Broward County, buying a house, buying property,

Housing Boost for Broward County

Home sales have continued to rise in the past couple of month 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. The interdependence between buyers and sellers will unravel the economical housing options in Broward. Close to 94 percent of single family homes put up for sale

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bank of america settlement, bank of america florida, bank of america south florida, $1 billion dollar settlement, foreclosure relief,

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 to approximately 17,000 Floridians over a settlement for mortgage security fraud. $16.65 billion was paid by Bank of America Corp to finalize the investigation for 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 the Recession

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new condos, new condo, fort lauderdale galleria mall, redevelopment plan, fort lauderdale redevelopment plan,

Billion Dollard Condo Redevelopment Comes to Fort Lauderdale

In the past 36 months developers of the Greater Downtown Miami area have announced their plans for creating 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. The Galleria region will get a make-over

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home construction, New Homes, South Florida homes,

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 after a nationwide survey was conducted of nearly a thousand communities, including job and population growth with housing evidence. The construction business is doing very well right now because there is a high demand for new homes but the supply minimal which allows for homebuilders to

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Rent, Renting, South Florida Rent,

South Florida Rentals are Going Sky High

South Floridians are feeling the pain when it comes time to pay their landlords. Rent is taking a larger sum out of their paychecks than nearly anywhere else in the country, and there is no sign of relief in sight. It takes 44 percent of your earnings, typically, to pay rent in South Florida. This is 14 percent more than the average throughout the country stated San Francisco and

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bank of america, meryll lynch, jp morgan chase & co, jp morgan, chase, federal law suit,

Bank of America’s $17 Billion Settlement.

Officials intimately close to the case have stated that Bank of America has come to a record breaking $17 Billion settlement to conclude the investigation in the role of selling the mortgage-backed securities prior to the 2008 financial fiasco. An official, who requested to stay anonymous, stated that Bank of America will come forward with $7 billion in consumer relief and $10 billion in cash. In the last yet Citigroup

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Foreclosure Attorney Foreclosure Defense Lawyer

Florida Foreclosures Still High But in Decline

For Florida, it may be a turning point in the foreclosure crisis. When compared year to year, the foreclosure rate in Florida is down nearly 37% making it the lowest it has been since 2008. That equates to fewer than 4 million people who are not current on their mortgage. In Florida, 12% of homeowners with mortgages are not current on their payments ranking it third out of fifty in

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Bankruptcy Attorney Mortgage Real Estate Cram Down Ch. 13

Using the Bankruptcy Cram Down to Save Investment Property

Many clients come in to my office seeking assistance with modifying their investment property mortgages. The first question I am usually asked is “will the bank reduce my principal down to what the property is worth?” The answer is that meaningful principal forgiveness is very rarely offered in conventional “HAMP” or “Proprietary” modifications. Unfortunately, this results in investment properties becoming unaffordable and impossible to maintain. However, these clients are often

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Bankruptcy, Loan Modification, Short Sale, Foreclosure Attorney

FHA Mortgage Applicants with Recent Foreclosures Offered a Pass

The Federal Housing Administration has instituted a new program called “Back-To-Work-Extenuating Circumstances” to assist potential borrowers who faced financial hardship during the recession. This program, which began August 15th, 2013 provides a second chance for mortgage applicants who have experienced financial hardship such as unemployment or a severe reduction in income beyond the borrower’s control. This program is designed to assist borrowers with a recent history of foreclosure, judgment, short

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Florida Foreclosure Attorney

New Foreclosure Cases Down from May 2012

According to the Clerk & Comptroller’s office, new foreclosure filings in Palm Beach County have dropped when compared with June 2012 and May 2013. Last June Palm Beach County had 1,249 new cases while this June saw only 1,001 new filings, a 19.9 percent decrease. New filings also decreased 6.2 percent in June compared with May of this year. According to Clerk Bock, “In June we saw the highest number

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