In Can Financial LLC vs. Niklewicz, Case No. 4D19-3668 (Fla. 4th DCA 2020), Jack Niklewicz thought he was buying his dream home for a significant discount. Instead, he purchased a nightmare because he neglected to perform any due diligence before buying the property at a...
With apologies to Randy Newman and his classic 1970’s song, Short People, this refrain, “Don’t Want No Short Sales ‘Round Here,” equally applies to the lenders who must process and approve requests for short sales as well as the attorneys and closing agents and their...
I recently came across a blog by Camile Baptiste titled 3 Advantages of Buying Bank Owned Property (REO) (see Camile's Blog HERE). I tweeted it out and said that it is totally false (follow me @dkblattneratty). Maybe it isn't totally false, but there are numerous...
New York recently enacted the Abandoned Property Relief Act of 2016 ("Abandoned Property Act"), legislation designed to clean up derelict and unsightly abandoned properties, lost in the foreclosure process. New York, like many areas of the country, including Florida, is faced with the serious problem...
Following the housing crash in 2008-2009, a big part of the recovery was due to investors buying foreclosed single family homes and turning them into rental properties. While this investment had historically been a favorite market for investors, prior to 2008, much of this activity...
Those of us who have represented clients in default of their residential mortgages have often heard stories of how a bank representative told the client to “stop making payments” because they would have a better chance of getting a loan modification if the loan were...
Multi-family apartment construction has been the engine in real estate development in South Florida and nationally for the last several years. The South Florida skyline continues to sprout new luxury apartment towers from Miami to Fort Lauderdale to Boca Raton and West Palm Beach. Lenders...