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Fleysher Law Blog

Florida Foreclosures Go Up In Over A Year
By: Emil Fleysher | September 17, 2014 | Foreclosure
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
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Good News South Florida: Less Cash Sales
By: Emil Fleysher | September 15, 2014 | Short Sale
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
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Second Wave of Foreclosure Hits South Florida
By: Emil Fleysher | September 11, 2014 | Debt
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
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Southwest Florida Bankruptcy Filings have Lowered Tremendously
By: Emil Fleysher | September 10, 2014 | Bankruptcy
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
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New Law Increases Foreclosures in Palm Beach County
By: Emil Fleysher | September 9, 2014 | Debt
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
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Southwest Florida Bankruptcy Filings Down Substantially
By: Emil Fleysher | September 8, 2014 | Bankruptcy
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
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Bank of America’s $17 Billion Settlement.
By: Emil Fleysher | September 5, 2014 | Debt
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
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Do's and Don'ts of Bankruptcy
By: Emil Fleysher | August 29, 2014 | Bankruptcy
Read everything you need to know about Do's and Don'ts of Bankruptcy. DO: Be honest about all of your assets. Even if you think there is a chance that you might lose it, there are probably other ways in which your attorney can prevent that. Or, you may need to come to terms with that
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What is Chapter 7 Bankruptcy?
By: Emil Fleysher | August 27, 2014 | Bankruptcy
A Chapter 7 bankruptcy comes from the 7th chapter of the bankruptcy code. It is also known as the “liquidation” bankruptcy. This is because the Trustee has to liquidate, or sell, all non-exempt property in order to repay your creditors. The majority of individuals who file for Chapter 7 bankruptcy get the keep their property.
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What is Chapter 13 Bankruptcy?
By: Emil Fleysher | | Bankruptcy
Read the explanation of Chapter 13 Bankruptcy. If your debts are getting out of your control but your income is still more than the median of the state and you have been living in the same state for the past two years, you can still file for bankruptcy. A Chapter 13 bankruptcy was put in
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