Tag Archives: cheap houses for sale

Foreclosure and Short Sale

Posted on October 24, 2012 by Blick Law

Foreclosure is the process by which a lender attempts to recover the unpaid balance of a loan after the borrower discontinues payments. Foreclosure allows the lender to force a sale of the home in order to satisfy the remaining balance of the loan.

In Florida, if you have received a foreclosure summons complaint, you have 20 days to answer in order to avoid a default judgment being issued against you. Once your home is threatened by foreclosure, it is important to seek legal advice and explore what options may be available.

For many homeowners, a short sale can be a helpful tool when trying to avoid foreclosure. A short sale is an agreement by a mortgage lender to sell property for an amount lower than the balance owed in order to relieve the buyer of the mortgage obligation. Depending on the negotiated amount of the sale and the timeliness of past mortgage payments, a short sale may help avoid the huge hit to your credit score that foreclosure causes. Additionally, short sale participants can later purchase a home in a shorter time than those who foreclose on their property.

Though a Short Sale may be an available option to avoid Foreclosure, it is a complicated process, and sometimes the lender may not even be willing to negotiate with you. It is important to consult a real estate attorney  who can offer you peace of mind that your potential foreclosure is being defended by an accountable professional.

If you or a loved one are being threatened by Foreclosure or have legal questions regarding a Short Sale or other potential legal remedies, call Blick Law Firm today at (813) 931-0840. Schedule a free 15-minute consultation with attorney Michael Blickensderfer. Think quick, call Blick!

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Tampa Bay Red Light Traffic Camera Fines

Posted on September 11, 2012 by Blick Law

In 2010, the legislature passed the Mark Wandall Traffic Safety Act, named after a Bradenton man who was killed by a red-light runner in 2003. The Act authorized the use of Red Light Cameras to record footage of motorists running red lights and then issuing violators a traffic citation accordingly.

Conflicting studies on the effectiveness of the Red Light Cameras have produced inconclusive results, but proponents of the cameras insist that the legislation saves lives. However, Florida drivers across the state have fought against the constitutional validity and overall effectiveness of the cameras asserting that the purpose of the cameras is solely to increase government revenue.

Nonetheless, Courts across the state have upheld the validity of the legislation and are enforcing the fines against drivers found in violation. Each ticket is a hefty $158, but no points are assigned to the driver’s record.

If you have been issued a citation for violating a photo enforced red light and have questions concerning your rights, call Blick Law Firm today at (813) 931-0840 to schedule a free 15-minute consultation with attorney Michael Blickensderfer.

*** For your reference: the following link is a map of all red light camera locations in the Tampa Bay Area, provided by my Fox Tampa Bay.

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Foreclosure Auctions and Short Sales: Common Buyer Mistakes

Posted on September 7, 2012 by Blick Law

During the growth of the foreclosure problem in Florida, homebuyers across the State have been abundantly utilizing Foreclosure Auctions and Short Sales to purchase homes and property for costs well below market value.

When purchasing a home, especially in short sale or auction, it is important to inspect the premises and discover any defects or structural deficiencies prior to closing on the home. Many times, homebuyers who purchase a short sale ignore defects and property deficiencies because the bargain is too good to pass up. Often, this creates problems that end up costing more than the bargain is worth.

Homebuyers tend to become so passionate about purchasing the real estate at such a lower cost that they refuse to accept the risks that can arise. Common mistakes include:

  • Ignoring property problems – Severe problems with the property may exist due to neglect, mold exposure, termites, and even vandals. Structurally, these homes may be in severe disrepair and even uninhabitable.
  • Ignoring legal and Insurance Information- Information that identifies any flood exposure or renovations and repairs made on the home is available to homebuyers and should be utilized to identify possible flaws and dangers that may exist on the property.
  • Failing to have the home inspected – Many buyers are so anxious to proceed with the acquisition of the property that they fail to have an adequate inspection of the premises conducted. Later, latent defects can become huge problems and the homeowner may incur exorbitant costs to repair the damages.

If you or your family are purchasing a home and have concerns regarding short sales or foreclosure auctions, call Blick Law Firm today at (813) 931-0840 and schedule a free 15-minute consultation with attorney Michael Blickensderfer.

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