Z's Legal Experience Blog

Title Company - Richard P. Zaretsky P.A. - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY
short sale, Florida Attorney, West Palm Beach Attorney, Palm Beach Attorney, Palm Beach Lawyer, West Palm Beach Lawyer, Real Estate Lawyer, Short Sale Lawyer, Real Estate Attorney, Foreclosure, Pre-Foreclosure, Litigation, Title Insurance, Closings, Real Estate Contract
The Mortgage Debt Relief Act of 2007 has saved countless taxpayers from devastating IRS tax bills for "forgiven debt" resulting from lenders forgiveness of deficiencies from foreclosures, deeds in lieu of foreclosure and short sales.  But the Act has expired for any transactions that closed (or o...
Posted about 2 months ago
Fannie Mae through its servicer Wells Fargo has a new letter regarding "suggested" pricing for a short sale.  The letter - copied below in redacted fashion - provides some interesting insight into the lender's internal concepts with an eye toward how lenders have been hurt in the past by making p...
Posted 2 months ago
Getting scammed is something buyers and their Realtors can fall into very easily.  Take the recent example of the exploits of criminal Robert Tribble of South Florida who is now in jail.  Advertising on Craigslist as a friend of those that can’t qualify to buy a home with traditional financing, h...
Posted 3 months ago
30 days to go until January 1, 2014 when forgiven debt from the disposition of a principal residence - exempted from income tax since the Mortgage Debt Relief Act of 2007 went into effect, will again become taxable.  This is not the first time this law has had to be revised for an extended date, ...
Posted 5 months ago
For those homeowners and former homeowners that did a “strategic default” or just ignored (OR ARE IGNORING) the mortgage foreclosure filed against their property, a strong wake-up call occurred last month when Fannie and Freddie were told to start collecting on these potential income sources to s...
Posted 6 months ago
UPDATE - SEE CRITICAL 2013 UPDATE ON THIS LAW AT: http://activerain.com/blogsview/4199826/grand-canyon-loophole-for-tenants-landlords-in-foreclosure  In March I wrote about the problems tenants faced when the landlord was in foreclosure. See TENANT RIGHTS AND FORECLOSURE - A DISCUSSION OF SAFEGUA...
Posted over 4 years ago
    Short Sale Loan Modification and Foreclosure Blog Articles A Periodic Listing of Articles by Richard P. Zaretsky, Esq. ---------------------------------------------- Be sure to contact your own attorney for your state laws, and always consult your own attorney on any legal decision you need t...
Posted 7 months ago
The Protecting Tenants at Foreclosure Act of 2009 clearly stated that any lease entered into AFTER the notice of foreclosure did not have the protection of the Act to allow the full lease term to run.  But the Dodd-Frank Wall Street Reform and Consumer Act opened up the Grand Canyon of income gen...
Posted 7 months ago
What happens when the lender and the borrower agree to delay the foreclosure trial or delay the foreclosure sale because of a pending modification (as required under the 2012 National Mortgage Settlement) or short sale?  In too many Florida courts – the judge says NO and the borrower loses the ho...
Posted 7 months ago
[ Note - after reading the below article, see updated article at http://activerain.com/blogsview/4194831/bank-of-america-short-sale-approval-letter-new-example ] You may have been reading about Bank of America short sale approval letters and some changes that have occurred.  The Bank of America S...
Posted over 3 years ago

Richard Zaretsky

Florida Real Estate Attorney
Ask me a question
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the key to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Legal true life experiences, general observations and commentaries for Realtors, Lawyers and Mortgage Brokers - also see our Palm Beach County Short Sales group blog.
var _clustrmaps = {'url' : 'http://activerain.com/rpzaretsky', 'user' : 949532, 'server' : '3', 'id' : 'clustrmaps-widget', 'version' : 1, 'date' : '2011-11-03', 'lang' : 'en', 'corners' : 'square' };(function (){ var s = document.createElement('script'); s.type = 'text/javascript'; s.async = true; s.src = 'http://www3.clustrmaps.com/counter/map.js'; var x = document.getElementsByTagName('script')[0]; x.parentNode.insertBefore(s, x);})();Locations of visitors to this page