Future of Florida Deficiency Judgments on Florida Home Mortgages – Will New Laws Limit or End Bank’s Ability to Sue for Unpaid Mortgage Balance?

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 [...]

Florida Home Owners Need to Know This About the Attorneys’ General National Settlement Agreement on Foreclosure Fraud

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 [...]

Bank Foreclosure Fraud Settlement with the State Attorneys General: How Much Trickles Down to Help South Florida Homeowners? Not Much.

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 [...]

Florida Home Owners: Beware the Foreclosure Rescue Company or the Friendly Mortgage Modification Company – There Are Lots of Scam Artists Out There

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 [...]

10 Things to Know About Mortgage Debt Collectors and Florida Short Sales, Florida Foreclosures, and Florida Home Loan Modifications

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 [...]

Real Estate Appraisal Errors Remain a Huge Problem: Consider This “Hole in the Wall” Story – What To Look For In Your Florida Home Appraisal

Larry Tolchinsky | January 19, 2012

Sometimes, the easiest way to understand something is to consider one example.  In the case of appraisal error, a recent news story about a phony and fraudulent New York home appraisal really helps to make things clear.  In many instances, appraisals are bad because of fraud – and because of negligence. Great Example of Appraisal [...]

How the Federal Servicing Alignment Initiative Helps Florida Home Owners Wanting to Short Sale

Larry Tolchinsky | January 17, 2012

The Federal Housing Finance Agency (FHFA) implemented the federal Servicing Alignment Initiative last year and, in 2012, this new federal incentive plan should boost the number of short sales here in Florida, which is great news for home owners wanting to avoid a foreclosure. What is the Servicing Alignment Initiative? The Servicing Alignment Initiative is [...]

New Pew Study Finds Many Americans Think It’s Okay to Default on an Underwater Mortgage: Evaluating Your Options

Larry Tolchinsky | December 29, 2011

The Pew Research Center is one of the country’s most respected research firms, and here at year end, many are listening to what Pew is  reporting regarding Americans’ take on the foreclosure crisis and people not paying their mortgages.  What has Pew discovered? In answers to a Pew survey, thirty-six percent (36%) of Americans said [...]

Florida Short Sales: Should You Short Sale Your Florida Home in 2012?

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 [...]

Florida Mortgage Mediation Program Closes Its Doors: What This Means for Florida Home Owners Facing Foreclosure

Larry Tolchinsky | December 22, 2011

The Florida Supreme Court’s top judge just signed an order on December 19, 2011, that shut the doors on the Florida Managed Foreclosure Mediation Program that the Supreme Court had set up back in 2009.  You can read the Administrative Order (AOSC11-44) signed by Chief Justice Charles Canady online here. What happened? Back in 2009, the [...]