Larry Tolchinsky | August 30, 2011
Earlier this week, RealtyTrac released its second quarter U.S. Foreclosure Sales Report which confirmed the statistics released earlier by Moody’s Investor Service (discussed in last week’s post) insofar as pre-foreclosure short sales are increasing in popularity with lenders across the country. According to RealtyTrac, these pre-foreclosure short sales increased 19% from the first quarter of [...]
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Tags: Broward Real Estate, Deficiency Judgments, Florida Law, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Help, Mortgage foreclosure, Short Sales, Wrongful Foreclosure
Larry Tolchinsky | August 25, 2011
This is the third post in a series of posts explaining the hows and whys of ForeclosureGate and the Florida Home Loan Fraud crisis: In a rush to get paperwork filed to foreclose on defaulted mortgages, lenders cut corners and ignored the law, sometimes intentionally. Problems with the Assignment of Mortgage, the legal document that [...]
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Tags: Florida Law, Florida Real Estate Foreclosures, foreclosure defenses, Foreclosure Fraud, Foreclosure Help, House foreclosure, Mortgage foreclosure, Property foreclosure, Wrongful Foreclosure
Larry Tolchinsky | August 23, 2011
According to Moody’s Investors Service, short sales of homes that are at risk of foreclosure (called “distressed properties’) grew to 25% of all liquidations of distressed properties by mid-2011, which is a big jump from two years ago when they were at 8%. As the time it takes for lenders to foreclose on a [...]
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Tags: Deficiency Judgments, Florida Real Estate, Florida Real Estate Foreclosures, Florida Short Sale, Foreclosure defense attorney, Foreclosure Help, Short Sale Counseling, Short Sale Lawyer, Short Sales
Larry Tolchinsky | August 18, 2011
The Federal Bureau of Investigation keeps track of all sorts of crime, including Mortgage Fraud, and every year since 2006 it releases its annual report on how bad mortgage fraud is in the United States. This week, the FBI’s 2010 Mortgage Fraud Report was released, and Florida took the top spot. Surprise. (Go here to [...]
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Tags: Appraisal Fraud, Appraiser Fraud, Florida Law, Foreclosure defense attorney, Foreclosure Fraud, Foreclosure Help, House foreclosure, Mortgage foreclosure, Mortgage Fraud, Property foreclosure, Wrongful Foreclosure
Larry Tolchinsky | August 16, 2011
Here, the second in a series of posts explaining the hows and whys of ForeclosureGate and the Florida Home Loan Fraud crisis: Part 2. Things Get Lost: Lenders Lose Key Documents in Gleeful Days of Making More and More Money Now that banks had discovered that they could not only make money on the interest [...]
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Tags: Florida Law, Florida Real Estate, Florida Real Estate Foreclosures, foreclosure defenses, Foreclosure Fraud, House foreclosure, Mortgage foreclosure, Property foreclosure, Wrongful Foreclosure
Larry Tolchinsky | August 11, 2011
In a loan modification, the original note’s terms are revised (monthly payment amount, interest rate, etc.) and the revisions become effective once everyone signs the modification agreement. For a home loan in South Florida, that means the home owners whose names are on the original mortgage and note and a duly authorized representative of the [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Florida Law, Florida Real Estate Foreclosures, Foreclosure Lawsuit, House foreclosure, Loan Modification, Mortgage foreclosure, Property foreclosure, Underwater Mortgage, Wrongful Foreclosure
Larry Tolchinsky | August 9, 2011
Here, the first in a series of posts explaining the hows and whys of ForeclosureGate and the Florida Home Loan Fraud crisis: Part 1. How It All Began, Remembering Traditional Mortgage Practices and that First Smell of More Profit Long before ForeclosureGate, when the economy was running smoothly and banks were not operating outside the [...]
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Tags: Appraiser Fraud, Florida Homestead, Florida Law, Florida Real Estate, Florida Real Estate Foreclosures, Foreclosure defense attorney, Foreclosure Fraud, Foreclosure Help, MBS, Mortgage foreclosure, Property foreclosure, RMBS, Series, Wrongful Foreclosure
Larry Tolchinsky | August 4, 2011
A homeowner in New York hired a foreclosure defense attorney and recently won her lawsuit against her mortgage lender, HSBC Bank. Key to the win: a report that was prepared by two former Florida assistant attorneys general, June Clarkson and Theresa Edwards. That’s right: the two women who were just fired from their jobs. “Unfair, [...]
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Tags: Bank of America Foreclosures, Florida Law, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Fraud, Foreclosure Help, House foreclosure, Wrongful Foreclosure
Larry Tolchinsky | August 2, 2011
One consequence of a Wrongful Foreclosure case, relates to the issue of clear title: the banks and mortgage lenders may not have it to convey to a buyer of the property. As we all know, title to real estate is recorded in our public records because being able to trace the ownership chain of property [...]
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Tags: Bank of America Foreclosures, Broward Real Estate, Florida Law, foreclosure defenses, Foreclosure Fraud, Foreclosure Help, House foreclosure, Mortgage foreclosure, Property foreclosure, Quiet Title, Title to Land, Wrongful Foreclosure
