“Putting the sales online provides many advantages, she said. Not only does it provide a more efficient way to conduct the sales and handle the paperwork, it makes the process available to people who can’t show up in the lobby of the courthouse at 11 a.m., which is how most sales currently take place.”

Foreclosure, tax deed sales move online : Pinellas County – Tampa Bay Newspapers.

Incoming search terms:

• tax deed sales tampa

Banks’ many real estate holdings at risk of tax sales.

Banks are already 16 months into their 24 months nightmare called tax sales.

With a two-year redemption period in Florida, banks are running out of time before tax sales occur and they lose the properties.

“The reason why banks have moved to the sidelines is the bursting of the housing bubble. Right now they have too many real estate holdings. These days it’s the negative and profit draining problem of foreclosed property carried on their books as Real Estate Owned (REO). The last thing the banks need is an investment portfolio that could possibly increase their holdings of real estate. Real property is difficult enough to move, even tougher when the government just reported home sales in July, 2010 hit a historical low.” 1.

Banks are reluctant to pay property taxes on low value properties. After two years, Florida law stipulates, that all properties with unpaid property taxes, will we sold at a public auction, unless the property taxes are redeemed.

They know time is short before the inevitable tax sales occur, so they are pressuring the government to rubber stamp their foreclosure mills. The judiciary are cooperating – to their great shame.

“NY Times Picks Up on The Crisis in Our FL Courts – High-Speed Courts Try to Rush Through Foreclosures” 2.

Banks are so fearful of tax sales that they are finally relenting, allowing local governments and nonprofit groups to purchase homes in advance of open market investors.

“Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors. “ 3.

What if there was a way to know which properties could be going under the hammer at tax sales and how you could profit from tax sales?

“New Guide on How to Profit from Property Tax Sales.”

“Taxing authorities nationwide have been stepping up to the plate and improving their Tax Sales
services to assist Lien and Deed investors. “

“Tax Deed Treasures understands the plight of the novice investor, and has released, for their benefit, a new Guide to Tax Sales – a ‘how to’ step-by-step book that teaches beginners exactly how to own Real Estate throughout the USA fast – and how to do it without borrowing from a bank!”

Read more from this press release on how you can profit from Tax Sales.

More on Tax Sales here.

“Some of the most troubled areas in Florida still have up to 16 months worth of home inventory. The sheer volume of homes in the inventory aren’t the only problem but also the mix of homes in that inventory. A significant portion of that supply is already at some stage of the foreclosure process and includes everything from short sales to homes already taken back by the bank.”

Is it a Good Idea to Re-enter The Florida Real Estate Market Now? : Wall Street Stocks | New York Stock Exchange | Wall Street | wallstreetstocks.net.

Buyers line up for bids on delinquent property » The Commercial Appeal.

Very informative article.

Understanding Real Estate Deeds : auctions.org.

Stuck in VT 167: Tiny Houses, The Sequel | GrantGift.com | US Government Grants for Free!.

Foreclosures and the nightmare of  Default Judgment Motions.

Fraud, inept, or down right neglect in foreclosures.

Default Judgment Motions impacting foreclosures.

“Common Mistakes Attorneys Make or “The Dirty Dozen”

1. WarGames: No Defense Manpower Data Center (DMDC) printout as an exhibit to the non-military affidavit. A link to this website is on the Court’s judicial homepage which may be located at http://www.justex.net/Courts/Civil/CourtSection.aspx?crt=10&sid=40.

2. Saving Private Ryan: Conducting a DMDC search without a SSN (which is not bad in and of itself—just means the DMDC cannot authoritatively assert that this is the same individual that the query refers to) and not providing corroborating evidence in non-military affidavit that the individual is not in the military. Corroborating information such as a family member’s statement, or proof that the person is too old or young to be on active duty, etc., is especially necessary when the person has a common first and last name.

3. Beyond a Reasonable Doubt and Necessary Roughness: Improper proving up of fees in attorney’s fees affidavit: use of neither “reasonable” nor “necessary” or one and not the other, but not both as required.

4. The Debt Collector: Filing a proposed order that seeks attorney’s fees for post-judgment/collection efforts. There is no authority that the author has seen allowing for post-judgment collection attorney’s fees (as opposed to appellate attorney’s fees).

5. The Bad News Bears: Not conditioning an award of appellate attorney’s fees on an unsuccessful appeal by the defaulting defendant in the proposed order or the attorney’s fees affidavit. That is, it has to be bad news for the appellant for you to be entitled to your appellate attorney’s fees.”

Foreclosures, foreclosures, foreclosures! When will they stop?

Read about the other Default Judgment Motions that impact foreclosures here

“There are two ways to find out if you have MERS on your mortgage.

The easiest way is to look in your copy of your closing documents to find a piece of paper which says you allow MERS or Mortgage Electronic Registry Service to be listed on the mortgage or deed of trust.

If you have that,  there is a pretty darned good chance you have MERS on your Mortgage.

Ultimately,  you will have to take a short trip to the recorder’s office at the county courthouse and do your own title search.  If you find MERS on your mortgage,  get a stamped copy of it from the recorder,  thank them nicely and leave. Don’t flip out on them,  if anything,  educate them,  let them know about MERS.  Odds are,  they haven’t a clue.

You can go to MERS’s own website and look it up for yourself,  but experience has shown this information isn’t reliable.  The only thing that matters is what is listed at the courthouse.”

More on this MERS article here.

We have all heard about the glut of foreclosures occurring over the last few years.

Neighborhoods with high concentrations of foreclosures are being trashed.

NY Times reports that the trend of dismantling of foreclosures is accelerating.

Nevada, Florida, Arizona and other states are experiencing the tragedy of  foreclosures and disgruntled homeowners who are dismantling homes, and committing arson before they leave.

The New York Times reports; ”

“If the homeowner sells the components to the house while they still own the house, that’s not a crime,” said Officer Bill Cassell, a spokesman for the Las Vegas police.

So too in Florida, another state swamped by foreclosures. Several prosecutors and police agencies there said that unless laws were modified, such behavior would have to be sorted out between borrower and lender in civil court.”  NYT

Take advantage of the “bottom of the market”  in foreclosures and invest in government foreclosures.

Foreclosures and Crime

Incoming search terms:

• arson before sale
• foreclosure fire arson aug 2010