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Fleysher Law Blog

home sales

New-Home Sales Include New Incentives

As the real estate market has begun to cool down, many builders are throwing incentives to prospective buyers to see who will bite. Some are including pools or built-in barbecues. Meanwhile, others are agreeing to cover up to $10,000 in closing costs or subsidize mortgage rates. From Sacramento, California to Orlando, Florida builders are doing their best to entice buyers. They do this by providing more freebies for new homes.

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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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debtors

Valueless Junior Liens are Allowed to be Stripped Away from Debtors

 During the recession property values were so high. And, obtaining credit was almost as simple as getting something out of a vending machine that many owners took out two and even three mortgages. However, when the market crashed and the surplus ended, many were left swimming upstream without a paddle. With such a large amount of debt hanging over their heads, an abundance of people was and continue to seek

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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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criminal charges

Criminal Charges for Fraudulent Couple Who Filed Bankruptcy

Read about the criminal charges of a couple from Palm Beach. Although bankruptcy is an uncomfortable process to go through, has given many people a fresh at finances. One of the key points in being given financial freedom is that you must be completely honest during the bankruptcy process. In fact, one couple in Palm Beach is now facing criminal charges for trying to conceal valuable goods from the bankruptcy

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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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