News about properties and real estate
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner’s associations or any other residential real estate topic, click here. Q: I am trying to complete a short sale. My lender requested a hardship letter, but I don’t know …
Continue reading “Ask a real estate pro: How to write a short sale hardship letter”
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. Q: I am elderly and got involved with a rental property with the help of a family member. Now the family member is nowhere in sight, the tenant left and the mortgage is underwater. I don’t have the energy or …
Continue reading “Ask a real estate pro: Short sale or bankruptcy? – South Florida Sun-Sentinel.com”
In Palm Beach, property owners who own more than one adjacent condominium can combine them into a single home but, once done, they are prohibited by the town from splitting them back into the original number of units unless they can meet parking and density requirements. The law is consistent with the town comprehensive plan’s …
Continue reading “Council may study condo law that prevents owners from splitting joined units”
Osprey Cove, a condominium in Estero, was dealing with a wave of foreclosures that cut off maintenance fees from many of its units. The community’s property manager, Hayden & Associates, had to deal with “huge delinquencies” and traditional ways of dealing with them weren’t promising, Ken Hayden said. “You throw them in the collections meat …
For Geeta Ramcharitar, the ordeal began with a past due balance of $4.70 owed to her condominium association in Melbourne’s Venetian Village — and ballooned from there. The threatened end: foreclosure on her two-bedroom condo. The 56-year-old grandmother got lucky. County Court Judge William McLuan tossed out the foreclosure case brought by her condo association, …
Federal mortgage giant Fannie Mae was told in 2006 about faulty court documents filed by Florida foreclosure attorneys acting on its behalf but did nothing to correct the practices, an inspector general found. A report issued Friday by the Federal Housing Finance Agency Office of Inspector General said an outside law firm Fannie Mae hired …