MULTIPLE SHORT SALE CONTRACTS AND HOW TO AVOID THEM - 01/31/09 09:09 AM
Why does it take 3.8 contracts to sell a short sale property?  Why do Realtors insist on spinning their wheels and getting nowhere selling short sale properties?
My office handles a lot of short sale transactions and we work with Realtors on the short sale negotiation side of the transaction as well as legally advise the buyer or seller in the transaction. I have long been a proponent of fixing the system because we as taxpayers are going to pay the bill for the inability or unwillingness of lenders to create the fix themselves. See BANKS CREATE BILLIONS (MORE) IN LOSSES.
Back … (14 comments)

TABLE OF CONTENTS - RICHARD ZARETSKY SHORT SALE ARTICLES - 1/27/2009 - 01/27/09 09:00 AM
Richard Zaretsky's Short Sale Blog Articles (copyright 2009) - A Monthly Updated Table of Contents of Articles by Richard P. Zaretsky, Esq  
THE TABLE OF CONTENTS HAS BEEN UPDATED AND MOVED - PLEASE CLICK ON THIS LINK TO GET TO THE NEW TABLE OF CONTENTS
CLICK HERE >>>>>>>>TABLE OF CONTENTS - SHORT SALE AND LOAN MODIFICATION ARTICLES
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FORECLOSURE DEFICIENCY JUDGMENT or SHORT SALE PROMISSORY NOTE or BANKRUPTCY? - REVISITED - 01/27/09 08:43 AM
Whether to agree to a negotiated promissory note in a short sale or allow the house to go to foreclosure is one of the most discussed topics around.  It deserves a simple comparison.
[February 3, 2010 update - see today's article on this subject at CNN MONEY.]
My previous article on this subject can be found at Negotiated Payback or Foreclosure Judgment Deficiency? Compared.
A negotiated promissory note is ALWAYS better than a deficiency judgment resulting from a foreclosure.  Here is why:
Deficiency Judgment -
1.  You have a foreclosure judgment against you and if you fill out most applications about … (68 comments)

FLORIDA REAL ESTATE MARKET CONDITIONS RELEASED TODAY - 01/06/09 06:05 PM
Today one of the state's largest title insurance underwriters release its 2009 Real Estate Forecast and Southeast Florida focus.  To those of us that live here it is no surprise that the numbers are grim. To those outside of Florida the numbers are shocking!  The report, issued by Attorneys Title Insurance Fund, makes several projections and findings.
First, it expects no housing rebound until at least 2010, largely because of declines in population and employment growth.
Existing Palm Beach County single family homes average price peaked in 2006 and will be off 50% in 2009. Broward and Miami-Dade Counties are already … (7 comments)

 
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Richard Zaretsky, Florida Real Estate Attorney

West Palm Beach, FL

More about me…

Richard P. Zaretsky P.A. - Board Certified Real Estate Atty

Address: 1655 Palm Beach Lakes Blvd, Suite 900, West Palm Beach, Fl, 33401

Office Phone: (561) 689-6660 x 107

Cell Phone: (561) 329-2279

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Legal true life experiences, general observations and commentaries for Realtors, Lawyers and Mortgage Brokers - also see our Palm Beach County Short Sales group blog.
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