1099 SHORT SALE REPORTING - IT'S THE LAW! - OR IS IT??? Since I have developed my SHORT SALE law practice I have a lot of clients that are in foreclosure or close to it. They all ask me about 1099 reporting and if the bank can forgive the debt and not issue a 1099. Lots of blogs say that plenty
...
03/28/2008
What a week!Mortgage foreclosure White Knights targeted by the Florida Attorney General (no surprise there - just why did it take so long?!!!)CNN special report on the Mortgage Meltdown and it being second only to the Great Depression.Record foreclosures expected to continue to break records thro
...
03/28/2008
What a week!Mortgage foreclosure White Knights targeted by the Florida Attorney General (no surprise there - just why did it take so long?!!!)CNN special report on the Mortgage Meltdown and it being second only to the Great Depression.Record foreclosures expected to continue to break records thro
...
03/28/2008
See this new article on when and what of the South Florida real estate market dropping to the basement.Things are definitely following the normal 8 to 11 year cycle of peaks or valleys (the cycle is peak to peak or valley to valley - depending on where you are at any particular time).We still ha
...
03/28/2008
DIVORCE - CHAINS TO THE UPSIDE DOWN HOUSE VALUE CAN BE BROKEN!!! (edit/delete) Chained to your home and can't get a divorce? You are not alone! A major problem with divorcing couples is that they cannot sell the marital home. They think they are forced to stay in a difficult relationship or ma
...
03/26/2008
Chained to your home and can't get a divorce? You are not alone! A major problem with divorcing couples is that they cannot sell the marital home. They think they are forced to stay in a difficult relationship or marriage. Today's economic climate is terribly impacting couples (or former sign
...
03/26/2008
SHORT SALE FLIP - QUESTIONABLE METHODSThis article is a follow up to an issue discussed in December titled Short Sales and Title Insurance - Critical Look at Hybrid Closing Schemes.I am representing an ultimate buyer on a short sale "flip" that raised some eyebrows and got me to looking carefully
...
03/18/2008
SHORT SALE FLIP - QUESTIONABLE METHODS This article is a follow up to an issue discussed in December titled Short Sales and Title Insurance - Critical Look at Hybrid Closing Schemes. I am representing an ultimate buyer on a short sale "flip" that raised some eyebrows and got me to looking careful
...
03/18/2008
I was negotiating on a very large problem mortgage today with a high-up executive at the servicing firm. He made a comment that I thought peculiar and I called him to task on the matter. The comment was that "after the foreclosure sale, lenders seldom bother to get a court ordered deficiency jud
...
03/06/2008
FORECLOSURE DEFICIENCY DECREE - COMPARED TO SHORT SALE NEGOTIATED PAYBACK I was negotiating on a very large problem mortgage today with a high-up executive at the servicing firm. He made a comment that I thought peculiar and I called him to task on the matter. The comment was that "after the for
...
03/06/2008
