Monthly Archives: March 2010

The increase in foreclosures is causing a crippling backlog of files to process for Florida counties. To help save space, an online foreclosure auction system was created in Miami-Dade and Palm Beach counties, and a new one will be launched in Broward County. As of March 30, 2010, bidders from all over the world can [...]

The whole nation is still feeling the effects of the major winter storms that demolished the east coast last month. After housing construction hit a six-month high in January, construction then fell by 3.6 percent in February. Obviously, it is hard to build when there is two feet of snow, which means it is hard [...]

As if there were not enough ways for Uncle Sam to collect taxes, there are two other ways now that could affect property owners in foreclosure. For example, depending upon the bank, a homeowner who sells a property through a short sale may end up owing taxes on the difference between the original amount owed [...]

As more and more people default on homes, HOA or Homeowner Association’s continue to remain under funded as defaulted homeowners cannot pay their fees.  Generally speaking people will stop paying their HOA fees before they stop paying their mortgage.  As the foreclosure process proceeds, arreared HOA fees can add up for months.   As more and [...]