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

Fleysher Law Blog

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 Zillow.com. San Francisco and

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real estate market South Florida, short sales, Palm Beach County short sale, Broward County short sales, Miami-Dade County short sale

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

Palm Beach County home sellers are putting big price tag 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 14.8 percent increase, and Birmingham, Alabama and Miami-Dade County tied at 15.6 percent. Broward County only increased 10.4 percent, ranking at

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Foreclosure filings, new foreclosures, short sale, fast track foreclosure,

Florida Foreclosures Go Up In Over A Year

Brand new foreclosure filings have gone up 24 percent in comparison to the beginning of the year. This increase is the first annual one since the beginning of 2013 and it is believed that this is part of the foreseen tsunami of homes that will be taken away. There were 6,468 foreclosures in August; a 74 percent boost from July reported RealtyTrac, a company that records foreclosures throughout the country.

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short sale, bankruptcy, cash sales, buy cash properties, south florida cash sales

Good News South Florida: Less Cash Sales

A report provided by the Realtors Association of the Palm Beaches states that investors, which predominately purchase properties in cash only, are at the lowest point in several years. Cash deals are a characteristic of investors and it helps differentiate them from homebuyers who customarily require mortgages. These sales went down by 11.5 percent in July compared to the beginning of the year but were only second to the abrupt

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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, 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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Foreclosure Attorney Foreclosure Defense Lawyer

Florida Remains a Leader in Nationwide Foreclosure Statistics

Florida remains tops in the nation for the highest percentage of distressed homes and the number of completed foreclosures, a new report has found. The state’s foreclosure inventory (properties in some stage of foreclosure) stood at 8.6% of all mortgaged homes in June, real estate data provider CoreLogic said Tuesday. While that rate is down from a revised 8.8% in May and from 11.5% in June of last year, it

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Foreclosure Attorney Foreclosure Lawyer Short Sale Attorney Short Sale Lawyer

Former Miami Dolphins QB Daunte Culpepper Surrenders Florida House in Foreclosure

Daunte Culpepper’s 2006 signing with the Miami Dolphins was so disastrous that the repercussions are still being felt. In a foreclosure case, the former NFL quarterback has lost a home he bought for about $3.6 million back when he was traded to the Dolphins. He surrendered the nearly 10,000-square-foot home to SunTrust Bank back in April in lieu of foreclosure, Broward County court records show, and the bank dropped its

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