Larry Tolchinsky | December 27, 2011
Here we are at the end of a stressful financial year for South Florida, and it’s time for all those New Year’s Resolutions to be made for 2012. Finances are considered, plans are made…and for Florida homeowners with underwater mortgages or with defaulting home loans who are sitting in homes with the stress of a [...]
Larry Tolchinsky | October 6, 2011
Today, another federal report was released, this time from the Office of the Comptroller of the Currency: seems that mortgage delinquencies are rising again. Which means that many people are not making that monthly mortgage payment. As the Wall Street Journal suggests, this number is only going to go up if unemployment rates rise. Florida [...]
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 [...]
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 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 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 | February 8, 2011
What’s a wrongful foreclosure and are you the victim of one? Not easy questions to answer. 1. Florida Lawyers are having to enhance their knowledge of Florida foreclosure law. Ethics code requires Florida lawyers to report any suspicious or wrongful foreclosure activity. As reported in the Miami Herald last week, Florida attorneys are being required to [...]
Larry Tolchinsky | January 25, 2011
The big question for home owners – and bargain shoppers looking for real estate deals – is how safe is it to buy a foreclosure property right now? In a year or two, will someone be knocking on the door claiming ownership? Up in Massachusetts, there is a court that is answering that question for [...]
Larry | January 20, 2011
Renting your home is becoming more and more popular in South Florida, reports The Miami Herald – and the idea of leasing a house, condo, or apartment may seem smart in today’s real estate market for lots of folks. Some may be victims of ForeclosureGate, renting homes for their families after losing their houses to [...]
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