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 [...]

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 Homeowners Win One Battle in Foreclosure Fraud as Florida Appeals Court Rules In Their Favor in McLean v. J.P. Morgan Chase

Larry Tolchinsky | December 20, 2011

The Florida Fourth District Court of Appeals just issued an opinion that is a very big deal for Florida homeowners everywhere – but especially those who are facing foreclosure as well as those with underwater mortgages who are wondering what their future holds.  In Robert McLean v. J.P. Morgan Chase, as Trustee, Florida’s homeowners won [...]

Florida Foreclosure Defense Basics: The Difference Between Your Note and Your Mortgage and Your Deed of Trust (and Why You Should Care About This)

Larry Tolchinsky | December 15, 2011

Florida home owners – especially those in trouble on their home loans and considering foreclosure, short sale, or what to do about their underwater mortgage – need to know the difference between some of the documents that they signed long ago when they bought their home. Note, Mortgage, Deed of Trust: what are they, what [...]

The Power of Real Estate Law: Banks Cannot Legally Foreclose Upon Real Estate Loans They Don’t Own (Even Though YES They’ve Been Foreclosing On Homes Without Them)

Larry Tolchinsky | December 1, 2011

Go down to any real estate records office anywhere in Florida, and get ready for a history lesson.  Florida land ownership goes back to the days of Spanish land grants – and because land ownership has always been so important to people, there have always been careful records kept of who owns what tract of [...]

Home Appraisal Fraud Getting More Attention Including New Insurance Coverage for Bad Real Estate Appraisals

Larry Tolchinsky | November 29, 2011

Appraisal fraud is a big, big problem both in Florida and across the country. Now, it may be that this hole in the dam that is ForeclosureFraud may start to get fixed — there seems to be some movement towards fixing appraisal fraud and appraiser negligence. Appraisal Fraud Insurance Coverage Announced – For Lenders and [...]

Short Sale Fraud Is a Growing Problem in Florida and U.S.: Freddie Mac Fights Back Against Short Sale Fraud With New Requirements

Larry Tolchinsky | November 22, 2011

As we all know, Florida has been hit hard by the U.S. Housing Crisis.  There are lots of Florida homeowners fighting against losing their home to foreclosure – and many of them are considering a short sale of their home.  Short sales can be great for both homeowners and lenders, if the banks are ready [...]