west palm beach short sale lawyer: IS A FORECLOSURE AN EXCUSE FOR TENANT TO STOP PAYING RENT? - 10/27/12 10:43 PM
Can a foreclosure of a rental unit be an excuse for the tenant to stop paying the rent to the owner being foreclosed?  This question and several other related questions was answered by an influential appellate court in Florida this week and it gives much needed guidance to Realtors, landlords and tenants who are faced with banks foreclosing on rented property.
The appellate court gave a very clear story line to the situation so with some small edits, I have reproduced most of the decision (without the citations) below:
The Facts -
Landlord Tatiana Serova entered into a one year … (32 comments)

west palm beach short sale lawyer: SHORT SALE APPROVAL LETTER MISREPRESENTATIONS - PROMISSORY NOTE RELEASED? - 12/20/09 10:16 AM
My law practice entails a significant number of clients that come from other "short sale experts" - both attorneys, title companies and experts come lately.  Sometimes (ok, many times) the client has arrived because of a troubling experience. Here is an example caused by misrepresentation that does not sit well with the client.
Below is a an approval letter from Third Federal that states that the lender will accept about $41,000 in the short sale provided certain conditions occur.  The letter closes with no more than, "...Third Federal will release the mortgage on the above referenced property."

The often asked … (31 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.
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