Banks Paying Homeowners to Avoid Foreclosure

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Foreclosure Properties: Fantasy Price or Nightmare Scenario

  Foreclosure sales are a quasi-judicial sale where homes are sold after a judicial proceeding to satisfy outstanding mortgages or liens on the property incurred by the current owners. Most prospective homebuyers believe that it is typically the first position mortgagee that is foreclosing on the property and that upon the sale of the home…
An Ounce of Prevention

An Ounce of Prevention…

So, we get this call at least once every couple of months: “Hi, I bought a property at a court sale, and I was just named as a Defendant in a foreclosure lawsuit. Can you fix that for me?” Nine times out of ten, we know exactly what happened without asking the caller any further…

Delinquent HOA Assessments – Who’s Responsible?

Investors of a foreclosed property often ask if they will be liable for delinquent HOA assessments that came due prior to their purchase of the property from the court.  In 2007, the Florida Legislature chimed in on the issue by passing Florida Statute 720.3085, which states (among other things) that “a parcel owner is jointly and severally liable with the…
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