TALLAHASSEE, Fla. – Jan. 10, 2011 – Worried that your bank might go after your other assets if you’re late on the mortgage or lose your home to foreclosure? It can happen in Florida, especially if a bank sells your foreclosed house and doesn’t recoup the full loan amount and if you’re a big-dollar borrower….
Tag Archive: foreclosure
Foreclosure vs Short Sale from a seller's perspective…
Here’s a little post about conducting a short sale from a seller’s perspective. Owners of distressed South Beach condos ask me all the time why they should be conducting short sales instead of just letting their troubled asset (or should we call it liability) go into foreclosure ? First of all, I want to make…
Sagamore Hotel faces foreclosure
The owner of the Sagamore Hotel in Miami Beach faces a $31.5 million foreclosure lawsuit filed by a commercial mortgage-backed securities (CMBS) fund. Built in 1948, the 93-room hotel, at 1671 Collins Ave., missed its last three mortgage payments, according to data from CMBS analysis firm Trepp. On Monday, JPMCC 2006 LDP7 Miami Beach, with LNR Corp….
