Larry Tolchinsky | March 8, 2012
It’s very stressful to be a Florida home owner dealing with an underwater mortgage or defaulting on a home loan. Your credit rating is getting zapped, there are all the collection practices by the mortgage lender to juggle, and then there’s the legal process itself – strategizing with your lawyer on your home and mortgage [...]
Larry Tolchinsky | March 6, 2012
Here in Florida, we have a snowball that just keeps rolling along, getting bigger and bigger: the national spotlight is finally noticing a big problem that Florida real estate attorneys representing Florida home owners in things like foreclosure defense and short sale counseling have known for a long time: it’s not just bad real estate [...]
Larry Tolchinsky | February 28, 2012
The Federal Housing Finance Agency (FHFA), the federal agency that regulates the housing market in this country, is going to begin selling homes that have been foreclosed upon by Fannie Mae to vetted investors in certain parts of the country now, as part of its test run – or pilot phase – of the new [...]
Larry Tolchinsky | February 23, 2012
This week, the proposed Florida Fair Foreclosure Act got one step closer to becoming law when the Florida State Senate Judiciary Committee okayed the foreclosure bill. In the near future, the Florida Legislature should be voting on this proposal and you can track the progress of this bill (SB 1890) online here. This is a [...]
Larry Tolchinsky | February 16, 2012
More on the big news this week on Florida foreclosures. After all, there are many things to consider as a Florida homeowner or Florida mortgage holder with this new Attorneys General – Bank Foreclosure Settlement. Here are just a few of them. First things first, it may be putting the horse before the cart for [...]
Larry Tolchinsky | February 14, 2012
The joint task force investigating foreclosure fraud by banks and mortgage servicers in this country, which brought together the top attorneys for each state in the country, i.e., their Attorneys General, has made a settlement deal according to a news release by the AGs. From their joint task force’s web site: After many months of [...]
Larry Tolchinsky | February 7, 2012
It’s sad but true that all too often home owners already facing the stress and difficulties of becoming delinquent in their mortgage payments and facing the consequences of that delinquency – losing their home, their credit rating, dealing with bill collection efforts, etc. – then fall prey to the additional stress of being the victims [...]
Larry Tolchinsky | February 2, 2012
In Florida, countless home owners are facing the lose of their home to foreclosure because they can’t continue to make their mortgage payments due to lost jobs, medical expenses, and other life events. Other home owners have mortgages that are much, much larger than the fair market value of their homes and they are wondering [...]
Larry Tolchinsky | January 31, 2012
A nice article appeared in Reuters this week entitled, “What Happens When You Walk Away From Your Home?” that includes a brief discussion of things we post about here regularly: underwater mortgages in Florida and elsewhere and the various issues that go into deciding whether or not to stop making mortgage payments on a home [...]
Larry Tolchinsky | January 26, 2012
As discussed in our earlier post, a major tax break will end on December 31, 2012, that helps Florida home owners facing foreclosures, negotiating loan modifications, or working on a short sale of their home. For several years, a federal law has exempted the amount that isn’t covered by the foreclosure or short sale or [...]
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