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Fleysher Law Blog

South Florida Rent

South Florida Rentals are Going Sky High

South Floridians are feeling 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 South

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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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foreclosures in Florida

Florida Foreclosures Go Up In Over A Year

The number of foreclosures in Florida is increasing. 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, the belief is 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,

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scash 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, i.e., who do cash sales, 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, they

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second wave of foreclosures

Second Wave of Foreclosure Hits South Florida

Many residents in South Florida are confronting a new second wave of foreclosures and their consequences. Banks are attempting to secure unpaid mortgage debts from foreclosed homes that were lost years ago. Beginning June 1st Dyck O’neal filed nearly 110 alleged deficiency judgments; it is a Texas-based collection company, in Palm Beach County, 200 in Miami-Dade County, and 300 in Broward County. There is a belief that because the deadline

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Bankruptcy Filings

Southwest Florida Bankruptcy Filings have Lowered Tremendously

A couple of years after the recession, the rate of consumers and businesses filing for bankruptcy have dropped. They have dropped approximately 50 percent in Southwest Florida. Nearly 2,600 companies and residents in Charlotte, Manatee, and Sarasota counties solicited bankruptcy attorneys to defend them against creditors in the last year; this is about half of the bankruptcy filings in 2010. Unfortunately, it is still 500 more bankruptcies filed than when

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new foreclosure law

New Law Increases Foreclosures in Palm Beach County

July 2014 marks the one-year anniversary of Florida’s “Fair Foreclosure Act”. The Florida Legislature passed this law requiring, among other things, the plaintiff to confirm in their foreclosure complaint that they are in possession of all the necessary documents to support their case against the defendant. The law also referred to as the “Speedy Foreclosure Act” went into effect on July 1, 2013. July 2014 foreclosure filings were only increased

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Southwest Florida Bankruptcy

Southwest Florida Bankruptcy Filings Down Substantially

A few years after the peak of the recession, the rate of consumers and businesses filing for bankruptcy have dropped. Bankruptcy filings have dropped approximately 50 percent in Southwest Florida. Nearly 2,600 companies and residents in Charlotte, Manatee, and Sarasota counties solicited bankruptcy attorneys to defend them against creditors in the last year; this is about half of the bankruptcy filings in 2010. Unfortunately, it is still 500 more bankruptcies

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Bank of America

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. The purpose is to conclude the investigation in the role of selling the mortgage-backed securities; prior to the 2008 financial fiasco. Furthermore, 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

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