JPMorgan Chase stops 50,000 foreclosures

JPMorgan Chase is the second major company to temporarily stop foreclosing on homes to review

documents that might contain errors. This action will more than likely delay the number of foreclosures but it

will not stop them. The real question is, what will happen if problems arise from the handling of those

foreclosures? It could potentially drag out the current foreclosure crisis for several more years.

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Source New York (AP), Florida Realtors(R)

Tenants Beware!

New law took effect this past July. It establishes a process by which condominium, homeowner's, or cooperative associates may collect rent from tenants of owners who are behind on association assessment to satisfy outstanding association fees.

Go to flsenate.gov/data/session/2010/Senate/bills/billtext/pdf/s1196er.pdf to learn more about the bill

Source: Florida Realtors

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