Larry Tolchinsky | March 31, 2011
Right now, the economy in Florida and across the country is questionable and some are predicting it’s going to take a turn for the worse. Even if the economy does take a turn for the worse, there are lots of opportunities to bargain shop for those with the ability to purchase – and one of the [...]
Larry Tolchinsky | March 29, 2011
The second annual Florida Open House Weekend was held this past weekend, with over 15,000 open houses being held across the State of Florida. Florida Realtors proclaimed the event as the largest open house event in the country, and many potential home buyers from across the country, as well as internationally, came to our sunny state [...]
Larry Tolchinsky | March 24, 2011
The Florida Legislature is considering a major deregulation law that will impact all Floridians, particularly Florida condo owners and Florida homeowners. It could become law as soon as July 1, 2011, and the entire language of the proposed statute (HB 5005) can be read online at the Florida House of Representatives website. What would escape [...]
Larry Tolchinsky | March 22, 2011
This month, after almost a year’s delay, the Florida Housing Finance Commission is finally putting the finishing touches on a state program designed to help those who have been hurt in the economic housing crisis. There is an official website in place for its new Hardest Hit Fund – the site is ready to take applications – and apparently, [...]
Larry Tolchinsky | March 17, 2011
The Sun Sentinel published an excellent overview of the current crisis for many Florida homeowners today in a piece written by Paul Owers, entitled “Homes bought five years ago the hardest to sell.“ Owers covers the situation that many property owners throughout Florida face: they owe a lot more on their mortgage than their house [...]
Larry Tolchinsky | March 15, 2011
The attorneys general of all fifty states banded together last October to form a united front in the investigation into widespread foreclosure fraud in this country. Now, their efforts are being made public, as it’s being announced that proposals are in place and that settlements with these big banks and mortgage servicers could be finalized in [...]
Larry Tolchinsky | March 10, 2011
Florida is running in the red, budget-wise, but that doesn’t mean that the legislators in Tallahassee have their hands tied completely. Several new laws are being debated now in an effort to help the Florida real estate market, and journalists like Toluse Olorunnipa of the Miami Herald are watching these efforts (for the latest, check out [...]
Larry Tolchinsky | March 8, 2011
Underwater mortgages are those situations where the homeowner is said to hold “negative equity” in his property — he is “upside down” — because he owes more to the lender than he can get if were to sell the property. Which makes it tempting for many to consider what to do about this situation: should [...]
Larry Tolchinsky | March 3, 2011
In today’s Sun Sentinel, reporter Diane C. Lade exposes yet another paperwork problem for Florida lenders: in an article entitled, “Lawyers say they’re forced to cancel mediations when lenders hold back disclosures, ” Lade points out that many of the loan modifications are failing because banks are not providing the proper paperwork. Lenders are bring [...]
Larry Tolchinsky | March 1, 2011
Florida continues to make national news as it currently ranks third (behind Nevada and Arizona) in the highest foreclosure rates in the country. Florida even surpasses notoriously distressed California in the number of homes being foreclosed upon by lenders. This means that there are a lot of homes being taken back by financial institutions through [...]
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