Law Office of Kimberly A. Abrams & Associates, P.A.
954-985-9715

Posts tagged "short sale"

Can you negotiate with your lender to complete a short sale?

Although most of our previous posts show how the South Florida area is faring much better than many other real estate markets, there are some who are still suffering from the housing meltdown. Those South Florida residents who have a home that is "underwater" -- worth less than is owed on it -- a mortgage loan modification sometimes isn't an option. But, for many, there is another option: a short sale.

March foreclosure numbers reviewed, market remains muddled

Most of the real estate news that South Florida residents hear these days is good, but that is not the case throughout the rest of the nation. Banks are continuing with foreclosure proceedings in many areas, as the real estate markets remain depressed.

More positive real estate data -- building permit requests rise

The good news for the South Florida real estate market continues. Recent reports from the Commerce Department revealed that single-family home and apartment builders throughout the country requested 747,000 building permits in March, the highest rate seen since September of 2008.

Florida courts overwhelmed by foreclosure filings

Recent statistics show that Florida has quite a logjam on its hands due to foreclosure filings. The count includes approximately 44,000 cases in Broward County alone, according to the Office of the State Courts Administrator.

Mortgage servicers required to offer more loan modifications

There has been a lot of talk about the $25 billion settlement the government reached with the nation's five largest mortgage servicers. Among the 49 states listed in the complaint was Florida, where residents have been hit especially hard by mortgage foreclosures. According to reports, Florida is expected to receive $8.4 billion from the settlement.

Various views on South Florida real estate in 2012

Last week, we touched on some contradictory trends that characterized South Florida real estate in 2011. For many Broward County residents who are seeking to close on a real estate transaction, the statistics reported by the Miami Board of Realtors might be a bit baffling. What, then, can Florida residents expect regarding real estate transactions in 2012?

South Florida real estate characterized by contradictions in 2011

According to a recent sales report by the Miami Association of Realtors, 2011 has been characterized by contradictory trends in South Florida real estate. For example, shrinking inventory and high sales numbers -- two trends that usually result in price appreciation -- occurred alongside low prices due to the market looking ahead to another wave of foreclosures.

Surprising mortgage study details Florida real estate woes

Most Florida residents already understand that the state is in the midst of a foreclosure crisis. What they may not understand is just how bad the situation really is state-wide. A report put out by LPS Applied Analytics suggests that the mortgage foreclosure situation may be far worse than many people imagined.

Schedule A Consultation With An Attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Email Us For A Response
  • LOCATION

    Law Office of Kimberly A. Abrams & Associates, P.A.
    2699 Stirling Road, Suite A105
    Fort Lauderdale, FL 33312

    Phone: (954) 985-9715
    Fax: (954) 985-9745
    Map & Directions

Read Our Reviews on Google See Our Reviews on Facebook