Eric CruzIn the last few years, a number of real estate investors have flooded the Tampa Bay market in attempts to take advantage of a slowly improving real estate market. Although some of the major players in local real estate investments are groups of foreign investors, investing through large corporate investor groups,
…
Eric CruzWhile most homeowners understand the importance and the role played by the homeowners’ association governing their neighborhood, many don’t understand the seriousness of the obligation to timely pay all assessments due to the association. These are some of the most common misconceptions:
Myth No. 1: The association can’t foreclose on my property
A homeowner’s failure to make timely payments of his association assessments will likely result in the association placing a lien on the homeowner’s property.
…
Eric CruzWhen purchasing a home together with a spouse, business partner, friend, or other family member, a common decision that must be made at the time of purchase is which individuals or entities will hold legal title to the property. Generally, the person or persons borrowing the funds to purchase the property ends up with legal title to the property.
…
Eric CruzThe government program Making Home Affordable, which has assisted over one million U.S. homeowners, was originally scheduled to lapse at the end of 2013. However, the U.S. Treasury announced on May 30 that it is extending the program for two more years. Accordingly, the program is now scheduled to continue until at least December 31,
…
Eric CruzIf you recently received a letter and check from Rust Consulting, Inc., purporting to be either a payment under a recent foreclosure settlement agreement or asking for additional contact information so they can make such a payment to you, DO NOT ignore or destroy it. This may well be a legitimate payment under a recent Federal foreclosure settlement agreement.
…
Eric CruzWe are often asked by prospective clients who are facing foreclosure about their short sale options. One of the most popular short sale options is the Home Affordable Foreclosure Alternatives (“HAFA”) program offered by the U.S. Departments of the Treasury & Housing and Urban Development.
One of the great advantages of the HAFA program is that a HAFA short sale completely releases you from your mortgage debt after selling the property.
…
Eric CruzA situation faced by many today and the reason for many recent calls to our office is when tenants renting residential property have just been served with a foreclosure complaint and summons. Many ask themselves why they are even a named defendant in a case based on a debt that does not relate to them.
…
