Even Hollywood's rich and famous can't avoid the short sales and preappovals that's sweeping the nation. In Florida, only 4,430 homes were sold by short sale and through the preapproval of short sales in Floirda. In December, down 48% from the short sale prices in Florida from the previous year. And short sale preapprovals fell 11% to an average $170,000.
Of course, celebrity short sale preapprovals cost much more than that. An normal preapproved short sale in Florida for an up-and-coming short sale expert is at least $1.4 million in Florida real estate, say someone in short sale land. Realtor Floirda short sale preapproval guy of Florida Foreclosures says it's the owners trying to sell short sales without a preapproval letter that are having the most trouble. This is also common with financing Sarasota Florida foreclosures. Many times a loan modification can avoid foreclosure.
Young rocker Florida short sale preapproval has had to reduce the short sale price on her five-bedroom, six-bath house in Florida from $2 million to $1.8 million. The property is currently in preapproval statues with teh florida short sale. The Florida short sale expert is now encouraged to study more on short sales in Florida and it is a home is in a gated community just off Florida panhandle and includes a tennis court and pool. Since Florida foreclosure realtor put the house on the market in February 2008, two offers have fallen through. In the public listing, her agent calls the house "One of the best short sale values on the market today and it is a Florida preapproved short sale to boot."
When it comes to Florida real estate, short sale preapprovals are generally treated much differently than other Florida foreclosures.
Saturday, August 30, 2008
Saturday, August 9, 2008
Texas Debt Collection Update
A Dallas collection agency accused of sending letters that violate various consumer protection regulations said that it found out the Texas Attorney General had filed a suit against it through third parties, according to a statement released late Thursday.Anderson, Crenshaw & Associates said that it has not been served with the lawsuit and could not specifically comment on any of the allegations. The Texas AG’s office announced Wednesday that it had filed a suit against the company alleging numerous violations of both state law and the Fair Debt Collection Practices Act (FDCPA) (“Texas Attorney General Goes After Debt Collection Agency,” Aug. 7).
The attorney general’s office said that its enforcement action seeks civil penalties of up to $20,000 for each violation of the Texas Deceptive Trade Practices Act and penalties of up to $250,000 each if the consumer was over 65 years of age.Crenshaw noted in its statement that the company had fully cooperated with the AG’s office. “Crenshaw has fully cooperated with the Attorney General regarding any questions or requests for information they had regarding Crenshaw’s business operations,” according to the statement.
The company also noted that a no time had the AG’s office indicated that it was unsatisfied with the company’s response.Crenshaw said that it “looks forward to working with the Attorney General to obtain a fair resolution of all issues.”
The attorney general’s office said that its enforcement action seeks civil penalties of up to $20,000 for each violation of the Texas Deceptive Trade Practices Act and penalties of up to $250,000 each if the consumer was over 65 years of age.Crenshaw noted in its statement that the company had fully cooperated with the AG’s office. “Crenshaw has fully cooperated with the Attorney General regarding any questions or requests for information they had regarding Crenshaw’s business operations,” according to the statement.
The company also noted that a no time had the AG’s office indicated that it was unsatisfied with the company’s response.Crenshaw said that it “looks forward to working with the Attorney General to obtain a fair resolution of all issues.”
Sunday, August 3, 2008
Probelms with deficiency judgments in florida foreclosures
There are many problems with recourse and non-recourse mortgage loans. The bigger problem has to do with recourse loans when the lender is seeking a deficiency judgment in a florida foreclosure. Much is said about these deficiency judgments - whether you call it a deficiecny judgment, summary judgment, default judgement, or even if you mispell it as a deficiecny judgement - the consensus is that deficiecnyc judgments in florida are bad news.
Look at these artcles discussing florida deficiency judgments and post a comment to let me know that we are looking at the florida foreclosures the same was as the courts may or may not interepret these judgments. I will check back to see the comments that you have made and then we can discuss the deficiency judgments in more detail after examining the collectibility of a judgment in a foreclosure action in florida specifically.
Try not to obtain an FHA mortgage in Florida when you have a judgment to be concerned about. The liklihood of obtaining a mortgage loan with a deficiecny are slim to none and -you guessed it - Slim just left town. Thanks for reading and please post a comment to let me know your thoughts about deficiency judgments.
Look at these artcles discussing florida deficiency judgments and post a comment to let me know that we are looking at the florida foreclosures the same was as the courts may or may not interepret these judgments. I will check back to see the comments that you have made and then we can discuss the deficiency judgments in more detail after examining the collectibility of a judgment in a foreclosure action in florida specifically.
Try not to obtain an FHA mortgage in Florida when you have a judgment to be concerned about. The liklihood of obtaining a mortgage loan with a deficiecny are slim to none and -you guessed it - Slim just left town. Thanks for reading and please post a comment to let me know your thoughts about deficiency judgments.
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