palm beach: TAX DEEDS - COURT DEVELOPMENTS NIX SALE!
- 11/13/07 01:55 PM
Tax Deed purchases are popular in many states as a way to acquire real estate at truly rock bottom prices. Generally a tax deed purchase is first in line after just a few significant "super" lienholders: (1) God, and (2) Code Enforcement Liens. Practically all others having an interest in the property are wiped out in a tax deed sale. Past practices for advertising a tax deed sale - a situation where the real estate taxes remain unpaid on the parcel for a certain period of time (which varies from state to state) allowed some administrative agency, usually the tax collector or the … (0 comments)
palm beach: TAX DEEDS - COURT DEVELOPMENTS CAN NIX SALE!
- 11/13/07 01:54 PM
Tax Deed purchases are popular in many states as a way to acquire real estate at truly rock bottom prices. Generally a tax deed purchase is first in line after just a few significant "super" lienholders: (1) God, and (2) Code Enforcement Liens. Practically all others having an interest in the property are wiped out in a tax deed sale. Past practices for advertising a tax deed sale - a situation where the real estate taxes remain unpaid on the parcel for a certain period of time (which varies from state to state) allowed some administrative agency, usually the tax collector or the … (0 comments)
palm beach: TAX DEEDS - NEW COURT DEVELOPMENTS COULD NIX MANY SALES!
- 11/13/07 01:35 PM
Tax Deed purchases are popular in many states as a way to acquire real estate at truly rock bottom prices. Generally a tax deed purchase is first in line after just a few significant "super" lienholders: (1) God, and (2) Code Enforcement Liens. Practically all others having an interest in the property are wiped out in a tax deed sale. Past practices for advertising a tax deed sale - a situation where the real estate taxes remain unpaid on the parcel for a certain period of time (which varies from state to state) allowed some administrative agency, usually the tax collector or the … (3 comments)
palm beach: SHORT SALES AND IRS LIENS
- 11/03/07 06:21 AM
SHORT SALES AND IRS LIENS This being my first blog entry, I figured to talk about something simple. In my law practice we see a lot of short sales. Indeed, we offer a service to Realtors and Sellers to process their short sale material with the lenders (without the downward pressure and lowball influence from an investor handling the process). I have worked statewide with lenders - visting their loss mitigation departments and sitting in on committee meetings. Knowing the process is key knowledge to improving the percent of short sale lender approval. Now that you have the approval, what … (4 comments)
palm beach: Some Sellers Think They Are ENTITLED To A SHORT SALE
- 11/03/07 03:06 AM
I had just too many borrowers that "should have known better" in the office this week - so I feel very conservative just now - just to the right of Bill O'Reilly. We do a lot of short sales in my law and title agency offices. They come in from all sources - Realtors, referrals, lenders, friends, developers. Some borrowers have one investment property and some have eleven, and all the numbers in between. Most are upside down and don't want to put more good money (if they have any left) into a bad investment. When they ask us to negotiate with the … (10 comments)
palm beach: ECONOMICS 101 - SHORT SALES - WILL THE LENDER SHARE THE LOSS
- 10/31/07 03:18 PM
I had just too many borrowers that "should have known better" in the office this week - so I feel very conservative just now - just to the right of Bill O'Reilly. We do a lot of short sales in my law and title agency offices. They come in from all sources - Realtors, referrals, lenders, friends, developers. Some borrowers have one investment property and some have eleven, and all the numbers in between. Most are upside down and don't want to put more good money (if they have any left) into a bad investment. When they ask us to negotiate with the lender to … (2 comments)
palm beach: SHORT SALES AND IRS LIENS
- 10/28/07 11:06 PM
This being my first blog entry, I figured I would talk about something simple. In my law practice we see a lot of short sales. Indeed, we offer a service to Realtors and Sellers to process their short sale material with the lenders (without the downward pressure and lowball influence from an investor handling the process). I have worked statewide with lenders - visting their loss mitigation departments and sitting in on committee meetings. Knowing the process is key knowledge to improving the percent of short sale lender approval. Now that you have the approval, what other bug will kill the deal. … (7 comments)
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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Tax Deed purchases are popular in many states as a way to acquire real estate at truly rock bottom prices. Generally a tax deed purchase is first in line after just a few significant "super" lienholders: (1) God, and (2) Code Enforcement Liens. Practically all others having an interest in the property are wiped out in a tax deed sale.
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