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Real Estate Attorney - THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY
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RECENT BLOG POSTS
In a briefing by Credit Suisse this week, the financial giant’s opinion was that reducing principal balances of underwater mortgages is a risky idea that has not been shown to keep underwater borrowers from later defaults.  In my practice as a Florida real estate lawyer, that opinion flies in the...
01/27/2012
The clock is ticking until the expiration of the 2007 Mortgage Debt Forgiveness Act expires on the last day of December this year.  Previously set to expire earlier, Congress extended the expiration date to end in effective January 1, 2013.  Will it be extended again?  Is it necessary?   The exte...
01/11/2012
Here it is! The 2012 version of the much despised short sale addendum from Freddie Mac!  As reported in several preceding articles, thanks to the American Land Title Association and others, the "sting" of being liable for any other party's misdeeds in a short sale transaction has been more or les...
01/11/2012
January 1, 2012 has come and gone and yet Freddie Mac servicers are still using the obsolete and highly objectionable Short Sale Affidavit.  I have been keeping Active Rain readers up to date on developments regarding the infamous Short Sale Affidavit – see SHORT SALE ARMS LENGTH AFFIDAVIT MAJOR ...
01/03/2012
The right of a condominium association or homeowners association or property association to charge and collect maintenance and other assessment fees is pretty typical in all states.  The obligation to pay the assessment is attached to the ownership of a particular parcel of real estate.  Unlike r...
12/23/2011
Buying a mortgage from a lender is becoming more popular.I have had some calls to the office regarding note purchasers having problems with Association's that think they still have a lien on the property after the foreclosure.If you don't buy the mortgage at the right time and using the right met...
12/13/2011
  In a follow –up to my featured article SHORT SALE RESCUE FRAUD ON DESPERATE HOMEOWNERS, the Palm Beach Post front page today headlines:Investment firm offers salvation to distressed homeowners, but some say they were misled.  The article quotes me saying, “"You have to look through to the inten...
11/20/2011
Today there was an important resolution to the Freddie Mac short sale affidavit that practically every bank has adopted regardless of the loan being Freddie Mac or not. As written in my previous articles (Freddie Mac Short Sale Addendum - Item #13 - I DON'T THINK SO!! and STAND-OFF WITH FREDDIE M...
11/18/2011
Question we sent to BoA on approval letter – “It is confusing.  How do we get deficiency waived?”  BoA Answer - “This is the only approval we have.  It clearly states it’s waived.” You be the judge.  Just see below. First, if this is the only approval letter they have, it is the first time I have...
11/16/2011
The more frustrating interview question I have with potential clients is them telling me if they are in foreclosure because of non-payment of their mortgage.  I have two questions: Are you in foreclosure?; and Have you been served?  Too often I get a NO to the first question and YES to the second...
11/10/2011
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Richard Zaretsky

Florida Real Estate Attorney
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