Florida attorney general fights alleged foreclosure fraud firm | 2016-08-18 | HousingWire

A group of non-lawyers allegedly scammed homeowners out of their money under the guise of several different law firms. After 37 complaints, they are being investigated, with a court order filed against them.

Source: Florida attorney general fights alleged foreclosure fraud firm | 2016-08-18 | HousingWire

 

You need to know who you are dealing with when you are investing or selling to investors. Impersonation of lawyers!

HUD program offers investors a discount on default properties | 2016-07-26 | HousingWire

Because many servicers and investors are new to the CWCOT program, Chronos Solutions offers high-touch service that walks them through the whole auction process. Whether the property is being sold through a live auction at the courthouse or through an online auction process, Chronos maintains close contact with the bidders through RealtyBid.

Source: HUD program offers investors a discount on default properties | 2016-07-26 | HousingWire

FREE Marketing Plan

We have access to a system that will take your property information & distribute it efficiently online all at once. It includes a checklist & info about my brokerage’s services to allow property owners access to our system at no cost. Of course brokerage services are available too. This service is available for investors, FSBOs, rent-to-own, etc.

Check it out here, or through the pop-up.

Recommended Reading

Most professional books that are on my bookshelf are not what I would call recreational reading. It seems to me that a better idea would be two different categories of reading, professional and recreational book lists.

PROFESSIONAL READING LIST

  • The Wall Street Journal
  • John Mauldin’s weekly investment & economic newsletter, “Thoughts from the Frontline”

RECREATIONAL BOOK LIST

  • The Choose Yourself Guide to Wealth by James Altucher
  • The Miracle Morning, the Not-So-Obvious Secret Guaranteed to Transform Your Life Before 8AM by Hal Elrod
  • Transitions, Making Sense Out of Life’s Changes by William Bridges

This post will be updated periodically.

HOAs & Unlicensed Practice of Law

The Florida Bar Association has a proposal to require Homeowners’ Associations to hire a lawyer for such tasks as sending demand letters for unpaid dues, violations of CCRs, collecting debts, and drafting liens. It is under review by the Florida Supreme Court. The Florida Legislature passed a law last session that would allow the HOA’s managers to continue those administrative duties. It’s unclear whether the Florida Supreme Court’s opinion (requested by the Florida Bar Association) will be affected or how their opinion might be influenced by this new law. There is no set time by which we can expect an opinion from the Florida Supreme Court. Just another budget item to delve into on your HOA financials. Might there be legal risk lurking in how your HOA’s management handles its legal risks? Also verify what is covered for Board members and HOA members within your association’s insurance policies.

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