As the U.S. stock and bond markets react to the news that the coronavirus may seriously disrupt the global economy, we have also learned that the United States is not immune to the ravages of the coronavirus that is impacting many parts of the world. In particular, the CDC has recently warned that schools, governments, as well as businesses will […]
Trade Tensions and Stock Scares: In yet the latest escalation of trade tensions between China and the United States, this past weekend President Trump announced America will impose a 10% tariff on $300 billion of Chinese goods and China responded by suspending its purchase of US agricultural products and lowering the value of the yuan, its currency, to its weakest […]
Millennials: Trade your Student Loans for a Mortgage. As we noted in an earlier blog, it’s no secret that mounting student loans have made it difficult for Millennials to buy homes. Eagle Home Mortgage, the lending arm of South Florida’s largest homebuilder, Lennar Corp., is proposing a new solution to try and remove this common financial obstacle. Lennar Corp recently […]
If you thought that banks and the federal government were going to give up, think again. Let’s say you are a distressed homeowner. Let’s say you have a hefty mortgage. Let’s also say that you are working with your bank on a loan modification. The chances are that one fine day you might receive a letter from a new owner […]
Written by Samantha Joseph, Daily Business Review. Kenneth Welt, senior U.S. bankruptcy trustee for the Southern District of Florida, said strong demand is gobbling up the inventory of distressed real estate sold through a pilot program designed to bypass foreclosure.
Once again, homeowners facing foreclosure are falling victim to abusive practices in the handling of their mortgage, but this time the overpromising and under delivering can be attributed to entities other than the banks – mortgage servicers. As the name suggests, “mortgage servicers” are entities that handle and service mortgage loans. A recent trend in the mortgage industry, is for […]
While presenting at “A View from the Bench” conference along with the Daily Business Review (DBR), I was able to interact with judges, attorneys and homeowners regarding the state of foreclosure law. To lay out the most important things to remember (feel free to quote, tweet or share) here are the – 4 Biggest Takeaways From “A View from the […]
What the government shutdown means for Florida real estate