Attorney Roy Oppenheim is helping South Florida homeowners avoid foreclosure by demanding that banks and lenders show proof of true mortgage ownership.
There was a time not long ago when the economy was robust and McMansions were all the rage. Discover how the recession and changing consumer habits have altered the luxury real estate market in South Florida.
Bank foreclosures listings continue to hit commercial properties in South Florida. Recent commercial foreclosure actions were targeted against the Century Grand residential and commercial project in Doral and a commercial property in South Beach.
A growing number of bank property foreclosures in a gated community in South Florida were caused by a group of homebuyers from Opa-Locka. Many of these buyers previously owned or still own cinder-block houses before they acquired million-dollar mansions in the gated community.
The opportunity to obtain a visa and become a U.S. citizen has attracted many foreign investors to buy bank foreclosures for sale in South Florida. Local immigration lawyers said that a growing number of foreign nationals are taking interest on bargain-priced distressed properties as a way to live and work in the area.
Calculating a down payment is a necessary part of preparing to buy a home. While a few loan packages allow for home buyers to put almost nothing down, the majority of lenders require some form of down payment. The benefit of the down payment is that it immediately removes money from the loan, reducing the mortgage payment and the interest costs over time. The downside of the down payment is that the homebuyer needs to have a large amount of cash ready before making the purchase. Traditionally, lenders require homebuyers to put 20% down, but in some cases it is possible to get a loan package that requires as little as 3% down.
Many South Florida homeowners have been complaining of a rotten egg smell coming from their homes. Discover how defective Chinese drywall is the suspected culprit.
Failed condo and multifamily projects continue to drive foreclosures in Miami. Among these failures are 93 condo units that were sold at 60-percent discount and new condo units that are set to be auctioned off at 71 percent discount.
Miami foreclosed homes are now available to both cash-rich flippers and needy families. With NSP funds, low-income families can buy foreclosed houses as flippers continue to snap up properties in South Florida.
If you look around at Miami, Florida homes and offices, you start to notice a pattern - most have tile floors. Find out three reasons why tile is the flooring of choice in most Miami homes and offices.
Lists of foreclosures in South Florida, although still growing, are showing lessened impact on housing starts. In Broward and Palm Beach counties, the number of single-family starts increased to a combined total of 255 units.
Buy a bank foreclosed home in South Florida as an investment. One can be a responsible and successful flipper by choosing a cheap foreclosure with the most potential for resale after repair and remodeling.
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