foreclosure relief: NUTSHELL VERSION - EMERGENCY ECONOMIC STABILIZATION ACT - 10/04/08 01:04 AM
The BIG news this week is the passage on Friday of the Emergency Economic Stabilization Act of 2008 - or more formally called "Secure Rural Schools and Community Self-Determination Act of 2000".  Yes, that is how it started and it is known as H.R. 1424.  What it says will change our economic horizon for decades and this article will discuss its major imports for the real estate buyer and seller and homeowners.
The full text of H.R. 1424 is found through this link.  The discussion below includes pertinent parts of the legislation as passed and signed by the President. Note that … (5 comments)

foreclosure relief: FLORIDA FORECLOSURE FRAUD BILL - UPDATE - 09/13/08 03:17 PM
Government can react positively when enough people raise their voice - and the law is clearly against public policy.  This post updates my article on the Florida Foreclosure Fraud Bill.
The Florida Foreclosure Fraud Bill, which I reported was written in such a way that borrowers could be barred from access to legal representation has been corrected - but not by the legislature.
The attorney general has certain interpretative powers and expressed them in a letter to John White, President of the Florida Bar in early January.
This clarifies an important aspect of the regulation of "foreclosure rescue" firms proliferating our landscape.
(6 comments)

foreclosure relief: Back to Basics - a Review of Short Sales - 05/04/08 12:42 PM
Short Sale Primer - Back Room Lender Decisions
A Primer -
Short sales are nothing new.  When I represented a national lender for all of their foreclosures in the State of Florida several years ago, we negotiated "loan workouts" which are now called "short sales".  Since they have been around so long, I did some digging with my old pals that were the executives I worked with in the loan workout and REO department of this national lender (the lender has since been merged into Bank of America).
I found one in Atlanta, and another in Washington.  Our discussion about short … (66 comments)

foreclosure relief: SHORT SALE PRIMER - REVIEW OF THE BASICS - 05/03/08 02:09 PM
Short Sale Primer - Back Room Lender Decisions
A Primer -
Short sales are nothing new.  When I represented a national lender for all of their foreclosures in the State of Florida several years ago, we negotiated "loan workouts" which are now called "short sales".  Since they have been around so long, I did some digging with my old pals that were the executives I worked with in the loan workout and REO department of this national lender (the lender has since been merged into Bank of America).
I found one in Atlanta, and another in Washington.  Our discussion about short sales showed that … (1 comments)

 
Richard Zaretsky, Florida Real Estate Attorney (THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY) Rainmaker large

Richard Zaretsky

Florida Real Estate Attorney

West Palm Beach, FL

More about me…

THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY

Address: 1615 Forum Place, Suite 3A, West Palm Beach, Fl, 33401

Office: 5616896660 x 107

Mobile: (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. var _clustrmaps = {'url' : 'http://activerain.com/rpzaretsky', 'user' : 949532, 'server' : '3', 'id' : 'clustrmaps-widget', 'version' : 1, 'date' : '2011-11-03', 'lang' : 'en', 'corners' : 'square' };(function (){ var s = document.createElement('script'); s.type = 'text/javascript'; s.async = true; s.src = 'http://www3.clustrmaps.com/counter/map.js'; var x = document.getElementsByTagName('script')[0]; x.parentNode.insertBefore(s, x);})();


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