palm beach real estate contracts: MORTGAGE FORBEARANCE AND YOUR CREDIT REPORT UNDER COVID-19 - 04/10/20 10:34 AM
We have been getting a lot of questions about the Forbearance program under Covid-19, and more than one question about credit reporting apparently picking up on the granted forbearance, resulting in supposedly a negative impact on the borrower.
Unfortunately, not all the facts behind these questions is known, but there are definitive guidelines required by legislated regulations.
On the credit reporting issue - the rule is simple:  IF YOU GET A COVID-19 FORBEARANCE AND AT THE TIME YOU GET THE FORBEARANCE YOU ARE NOT CURRENT ON YOUR MORTGAGE, YOU WILL CONTINUE TO SHOW UP AS A LATE PAYMENT STATUS ON YOUR CREDIT REPORT.
The … (2 comments)

palm beach real estate contracts: Water Damage Affecting Condominium Homeowners – Who Is Responsible? - 04/12/18 06:56 AM
Here in South Florida a common Condominium water damage issue is who is responsible for water damage to a unit if the leak occurred in another unit or in a wall.  If one of the units touched by such misfortune is not covered by insurance, a huge nightmare can be the result for the owners or the Association.
There are two main factors at work in determining who is responsible for the damage.
First you determine where the leak originated. What is the source of the leak and where it is located?
Second you look to the Condominium (or Homeowner) documents.  Typically this is the declaration … (31 comments)

palm beach real estate contracts: TITLE INSURANCE REFERRAL KICKBACK SCHEME COSTS $200,000 - 10/21/14 01:10 PM
On September 30th the Consumer Financial Protection Bureau - created under the sweeping Dodd Frank Act - showed it is continuing its campaign to penalize violations of kickback schemes in the real estate industry.
Citing illegal quid pro quo referral agreements as being a violation of RESPA, it sanctioned Lighthouse Title in Michigan for providing something of value to a person with an agreement or understanding that the person will refer real estate settlement services to the agency.  The CFPB stated in its news release that:
Lighthouse Title entered into marketing services agreements (MSAs) with various companies, including, for example, real … (48 comments)

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

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

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);})();


Listings

Links

Archives

RSS 2.0 Feed for this blog