Bank of America New Short Sale Program: Offering Relocation Expense Coverage to the Seller In Varying Amounts – How Good Is This Deal for Florida Homeowners?

Larry Tolchinsky | May 17, 2012

There’s a lot of news coverage this week about the announcement by Bank of America that it is introducing a new short sale program to help Florida homeowners in trouble with their mortgages.  Across the country and in Florida, Bank of America itself (BofA) is putting money on the table to help homeowners and encourage [...]

What is Force-placed Insurance or Lender-Placed Insurance? It’s Not Good for Florida Home Owners. Here’s Why.

Larry Tolchinsky | May 15, 2012

Where will all the strings of Foreclosure Fraud end?  Who knows, because more and more issues just keep popping up from the huge mortgage fraud mess in Florida and across the country.  The latest?  Forced-placed insurance, also known as Lender-placed insurance, and the sneaky burdens it’s creating for American families and Florida home owners. What [...]

Florida Hardest Hit Fund – New Expanded Version Waits for Fed Approval. Will It Help You?

Larry Tolchinsky | May 3, 2012

Last Friday, the State of Florida powers-that-be announced that they were revamping the Hardest Hit Fund for Florida residents, making eligibility requirements easier to meet for lots of Floridians.   Which is good news if you are past due on your mortgage payments, right? What’s the Florida Hardest Hit Fund? Go here for our earlier post [...]

Florida Attorney General Pam Bondi Asks for Public Input on How to Spend Part of Foreclosure Fraud Settlement: Don’t Think This Means That Florida Is Finished With Foreclosure Fraud / Robosigning Problems: Not By a Long Shot.

Larry Tolchinsky | May 1, 2012

Florida Attorney General Pam Bondi issued a news release yesterday (you can read the full text of her press release below) that asks Floridians to help decide how the big fat settlement from the five big banks (Ally/GMAC;Bank of America; Citi; JPMorgan Chase; and Wells Fargo) for all their Foreclosure Fraud (robosigning, etc.) evildoing activities [...]

Florida AG Bondi Says State AG’s Bank Foreclosure Fraud Settlement Is Big Accomplishment But Most Floridians Are Not Going to See A Dime and Many are Reportedly Getting Angry About It

Larry Tolchinsky | March 13, 2012

Yesterday in a Washington, D.C., federal courthouse, the formal settlement documents were filed of record in the State Attorneys General – Big Banks Foreclosure Fraud Settlement Deal, where the five big national banks (Ally Financial, Bank of America, Citgroup, JPMorgan Chase, Wells Fargo) agreed to pay a certain amount of money in exchange for being [...]

Florida Home Owners Stress Levels on the Rise: New Laws Mean Flood of 1099Cs, Foreclosure Upswing in 2012 – 2013

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 [...]

Florida Foreclosure – Beware Banks Not Providing Proper Cancellation of Note (the “Zombie Note”): More Widespread Violations of Florida Law

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 [...]

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: 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 [...]