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Success S av v y
O n Jan. 30, the streets of Miami will be filled with the sound of cheering as
thousands of runners take it to the limit at the annual ING Miami Marathon
and Half-Marathon. Many of those participating will be raising money
to support worthy causes such as preventing childhood obesity. Get out of your
lawn chair and watch the athletes from Miami and around the world get fit for their
favorite cause — or, even better, register and run; INGMiamiMarathon.com.
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As the housing market in South Florida began showing
signs of recovery this fall, the foreclosure processing
mess by the banks has thrown a wrench into the
system and created more delays for many buyers and
sellers. With so much uncertainty in the market and
so many distressed properties, we are now seeing
more short sales for single-family and condominium
residences than we’ve ever seen before. Our
experienced real estate attorneys are working with
buyers and sellers of distressed properties throughout
South Florida. In short-sale transactions (in which
the bank must agree to accept less from a new buyer
than the amount owed by the original owner), it is
important to remember that both the buyer and seller
are at the mercy of the bank, and it is almost always
impossible to speed up the process or to anticipate
all costs which oftentimes the bank refuses to pay at
closing, and which must then be absorbed by either
the buyer, seller, or sometimes even the brokers. There
are many opportunities in today’s market for such
deals that could ultimately benefit both the buyer
and seller as well as the bank, but it’s now more
imperative than ever for buyers to perform necessary
due diligence. Parties should work exclusively with a
qualified lawyer, real estate broker and title insurer
that have experience in these types of transactions.
As the housing market continues to rebound in the
months to come, our experienced bilingual real estate
attorneys will continue to work very closely with
buyers and sellers of homes and condominiums.
O scar R. Rivera is a shareholder
with Siegfried, Rivera, Lerner, De
La Torre & Sobel, P.A. The firm
focuses on all aspects of real
estate and construction law as well
as homeowners and community
association matters. FOr a
consultation, call 1.800.737.1390 or
Holidays are great.
Some mean you get the
day off work — which
is even better — but
they all provide a great
excuse to throw a party,
unwind, or try something
different. Here are some
of January’s lesser-known
reasons to celebrate.
20 High Flying
Jan. 5 is National Bird Day. And
no, we’re not referring to the sort
you stick out the car window. We
mean the sort you feed sunflower
seeds and watch with binoculars.
Believe it or not, Jan. 23 is officially
National Handwriting Day. We’re
not really sure how to tell you to
celebrate this one, but we’re pretty
sure beer should be involved.
Literary geeks throughout Scotland
will spend Jan. 25 celebrating Burns
Day, in honor of poet Robert Burns.
It’s a great excuse to throw a kilt party
and serve some haggis.