Tag archives for Florida Foreclosures

Foreclosure Actions in South Florida Fall 51 Percent in Second Quarter

According to a report from CondoVultures, foreclosure actions in South Florida have plummeted by 51 percent year-over-year for the second quarter of 2011. Peter Zalewski, CondoVultures principal, says that “lenders appear to be riding the brake when it comes to foreclosure actions” in the region. He added, however, that this might change once “administrative irregularities tied to foreclosure process in Read full article »

Real Estate Investors Making At Least 17 Percent of All Home Purchases Nationwide

While many families struggle to find the funds to purchase their own home in today’s market where the deals abound but credit is tight, real estate investors are making the market work by buying in bulk. According to the National Association of Realtors, real estate investors represented 17 percent of all home sales nationwide in 2010. And that number is Read full article »

Prominent Lawyer Held in Contempt for Florida Foreclosure Fraud

Following on the heels of a New York ruling that lawyers must sign affidavits attesting to the truthfulness and thoroughness of their foreclosure filings, a Florida judge has found one of Fannie Mae’s former law firm’s partners in contempt for “sham” foreclosure documents that wasted the court’s time. Marc Ben-Ezra, a founding partner of Ben-Ezra & Katz, received the contempt Read full article »

Foreclosure Filings are Down, Thanks to Questions of Procedure

2011 was supposed to be the year that the housing market finally bottomed out and the foreclosure “tsunami” worked its way through the banking system and into the open market. It was supposed to be a year of new beginnings. However, thanks to massive uncertainty in the lending industry about paperwork and procedures, it looks like the shadow market may Read full article »

FHA Audit Could Send Reverse Mortgages Into Default

When senior citizens opt to take out a reverse mortgage on their homes, most opt to do so in order to generate monthly income and to remove the burden of a mortgage payment from their budget. Now, however, those reverse mortgages, billed as strategies to free seniors from some of the costs of homeownership, could send those same homeowners into Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.