Manage Post

Peter Innes, the father of Victoria Innes, the child caught in the middle of an international custody dispute has filed suit against his former wife's, Maria Carrascosa, attorneys. According to a recent article, Mr. Innes "alleges the firm aided the abduction or negligently ignored its obligation to abide by the agreement, which prohibited removing Victoria Innes from the United States and

Final rules effective April 2011 were announced by the Federal Reserve Board this week. According to the Board's press release, the new rules are intended to protect mortgage borrowers from "unfair, abusive, or deceptive lending practices that can arise from loan originator compensation practices."

Currently loan originators receive more compensation from lenders if the borrower's loan has an

On the heels of the foreclosure crisis, as banks are entering into multi-million dollar settlements with the Securities and Exchange Commission, lenders have become much more conservative in approving home loans. According to a recent NY Times article "Maternity leave or any other leave of absence often prevents a person from obtaining a mortgage," said John Councilman, president of AMC

Countrywide and Goldman Sachs have both agreed to record settlements this week for their involvement in the mortgage crisis. The settlements, both of which are over $500 million, are just the tip of the iceberg as far as legal woes for both companies.

Countrywide Financial Corp., the former mortgage giant, was purchased two years ago by Bank of America.  In what is being described as the largest

Damian Turco will be speaking August 18, 2010 at the Palm Beach County Law Symposium presented by Realtors Association of the Palm Beaches, Inc. in partnership with Attorney's Real Estate Councli of Palm Beach. Details of the presentation are below:

Effective Negotiations with an HOA and COA when trying to close a short sale - Damian Turco, Esq.

1. What the Realtor should do when confronted with

New Florida legislation defines the term "short sale" and lowers the amount of state taxes owed when real property is sold through a short sale. When the sale price of real property is less than the outstanding debt, the state will not collect taxes on the canceled debt. Further, the state will not collect taxes on the difference between the sale price and what is owed on the property.This is

The U.S. Department of Housing and Urban Development Neighborhood Stabilization Program has recently awarded money to many municipalities in Palm Beach County. The purpose of the program is to give state and local governments money to buy and fix up abandoned and foreclosed homes in order to sell them to low- and moderate-income buyers. According to a recent Palm Beach Post article, through

A recent NY Times article discusses couples choosing long-term separation over divorce. While there can be many reasons for such an arrangement the majority of times the motivation for maintaining the marriage is financial. The combination of a depressed real estate market and the recent economic downturn are keeping many married couples together but separated. Among the financial reasons for

People often wonder what will happen to their pets if they get divorced. Florida, like most other states, considers pets property for purposes of making this decision. This means that, unlike children, courts will not analyze the best interests of the pet, order pet support, or in most cases award visitation. The court will consider the dog, cat, bird, horse, guinea pig or other pet property and

Superman saves the day for a family facing foreclosure. The family, who has decided to remain anonymous, was just about to lose their home to foreclosure. They were, in fact, packing up their belongings to move out of the home when they found a box of magazines and old comics in the basement. The box contained Action Comics No.1 published in June 1938 by DC Comics, featuring the debut of