The Catch-22 of Trying to Sell Your Home in Florida: Prices Going Down, Buyers Can’t Find Home Loans – But Things May Be Changing

Larry Tolchinsky | May 31, 2011

Standard & Poor’s is an internationally-recognized financial markets analysis company, providing a number of research statistics and indices to help measure what is happening in the American economy.  You may recognize its stock index, the S&P 500, which the news media report on daily along with the Dow Jones and other stock market indices. Its [...]

Foreclosure Sales in South Florida: How Bad Is It? New RealtyTrac Stats For 1st Quarter 2011

Larry Tolchinsky | May 26, 2011

RealtyTrac has just released its statistics for the First Quarter 2011, including foreclosure sales numbers. You can read the numbers online for free at their site’s Trend Center. Why should Florida homeowners care about foreclosure sales? The foreclosure statistics impact everyone.  For example, the number of foreclosed properties in the housing market impacts fair market [...]

Will Congress Help Florida Homeowners Get Short Sales Completed To Avoid Foreclosure? Florida Realtors Ask for Fed Help

Larry Tolchinsky | May 24, 2011

Around ten days ago, a group of Florida Realtors appeared before Congress and asked for the federal government’s help for Florida homeowners to get short sales respected and accepted by banks, lenders, and financial institutions. They are a powerful voice: Florida Realtors, according to its website, are the largest trade association in Florida – having [...]

Once SB 1316 Becomes Law in July 2011, The New Florida Law Will Allow Realtors to Assist With Short Sales

Larry Tolchinsky | May 19, 2011

The Florida Legislature has sent an overwhelming number of legislative changes to Governor Scott’s for his signature (or veto).  Some of the efforts in Tallahassee involve making new laws and increasing state regulation; others dismantled state oversight and decrease the State of Florida’s regulatory responsibilities. It’s all about the budget.  Money.  The lawmakers are focused [...]

RealtyTrac Debuts New Service – Ratings on Investment Potential of Florida Foreclosure and Short Sale Properties

Larry Tolchinsky | May 17, 2011

RealtyTrac is an online provider of real estate information, covering both properties that are for sale as well as homes under foreclosure and available for short sale. It makes its money through memberships, and while there are some negative reviews of RealtyTrac’s service the Better Business Bureau has given RealtyTrac an A+ rating. What does [...]

Florida Homeowners Take On the Bank’s Lawyers As Florida Bar Flooded With Lawyer Complaints

Larry Tolchinsky | May 12, 2011

Florida homeowners are not only getting mad, they’re fighting back against the evildoers who’ve misrepresented things to them, or about them.  They’re taking on the lawyers. Foreclosure Lawyers Are Being Investigated by the Florida Bar:  Massive Number of Grievances Being Filed The Florida Bar is being flooded with complaints about Florida lawyers and law firms.  [...]

Zillow Research Reveals Florida Fair Market Home Values Falling, Underwater Homes Rising: Will You Walk Away From Your Mortgage?

Larry Tolchinsky | May 10, 2011

Zillow, Inc. is a Seattle company which has successfully built a nationally respected real estate research website, Zillow.com, where Zillow accumulates and provides at no charge both estimates of property values as well as detailed listings of real estate for sale across the country.  Today, Zillow is recognized as a company that knows its stuff.  [...]

Florida Homeowners’ Insurance Rates May Rise Thanks to New Property Insurance Reform Law Being Passed by Florida Legislature

Larry Tolchinsky | May 5, 2011

The Florida Legislature has just kicked a lot of Florida homeowners while they’re down, with yesterday’s announcement that an agreement has been reached on the passage of a bill that will not only allow insurance companies to hike the cost of property insurance, but it will also okay the insurer’s ability to shorten the deadlines [...]

Did You Get Scammed by a Florida Loan Modification Company? What You Can Do, Plus Florida AG Goes After 3 Delray Beach Companies for Fraud

Larry Tolchinsky | May 3, 2011

Florida homeowners that get behind on their home mortgage payments aren’t stupid: they fear a foreclosure in their future.  Usually they consider asking the bank to make a new deal, with terms that are easier for the homeowner to bear in this harsh economy. However, dealing with the lender can be hard to do.  The [...]