From a recent Florida newspaper article: "But at some point those foreclosure filings will make it to the market, said Jack McCabe, a Deerfield Beach real estate consultant. "They are definitely going to hit this fall, and we will also see an increase in short sales in those cases where lenders are unable to get…
Continue reading ›Here are the highlights of the article linked below:”The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter.” “The suits will argue the…
Continue reading ›FICO, the leading provider of consumer credit scores conducted a study and found: All in all, we saw: The magnitude of FICO® Score impact is highly dependent on the starting score. There’s no significant difference in score impact between short sale/deed-in-lieu/settlement and foreclosure. While a score may begin to improve sooner, it could take up…
Continue reading ›Recently I was interviewed on a radio program about the foreclosure crisis and our role in helping those being sued by banks. Here’s the link to the audio:http://rightsradio.com/foreclosure-process-inside-story-why-banks-are-slow-to-foreclose/ Evan M. Rosen Rosen & Rosen, P.A. 2719 Hollywood Blvd #B-224 Hollywood, FL 33020 954-981-1852(Phone) 954-981-4610(Fax) www.rosenandrosen.com
Continue reading ›"They are not going to sell on the market for much more than a few thousand dollars, and our costs in marketing those properties and preserving them generally exceed the costs," he says. "So the economics of the transaction make sense as well as the intent of the land bank to reduce supply and stabilize…
Continue reading ›““The best-case scenario is we don’t get back to normal levels of foreclosure activity until 2015, which means the housing market recovery gets delayed by at least a year,” says Rick Sharga, a senior vice president at RealtyTrac.” 1 Million Foreclosures Delayed Until 2012.
Continue reading ›I read a letter posted in The Florida Bar News a couple weeks ago and something hit me; I had to respond. Below is my response, which was published in the September 1st Edition of the Florida Bar News. Also, further below, is a link to the actual publications of both my letter and the…
Continue reading ›"Thirty-one percent of home sales in the second quarter were on properties in some stage of foreclosure or sold by the bank, according a report released by RealtyTrac. That’s up from 24% at the same time last year." http://www.marketwatch.com/story/foreclosures-make-up-31-of-home-sales-2011-08-26 Evan M. Rosen Rosen & Rosen, P.A. 2719 Hollywood Blvd #B-224 Hollywood, FL 33020 954-981-1852(Phone) 954-981-4610(Fax)…
Continue reading ›washingtonpost.com Evan M. Rosen Rosen & Rosen, P.A. 2719 Hollywood Blvd #B-224 Hollywood, FL 33020 954-981-1852(Phone) 954-981-4610(Fax) www.rosenandrosen.com NOTICE: The information contained in this electronic mail transmission is intended by, Rosen & Rosen, P.A. for the use of the named individual or entity to which it is directed and may contain information that is privileged…
Continue reading ›“There have been so many flaws in mortgages that it’s been an unmitigated disaster,” Chief Executive Officer Jamie Dimon said in a conference call… “We just really need to clean it up for the sake of everybody. And everybody is going to sue everybody else, and it’s going to go on for a long time.”…
Continue reading ›
