Short Sales May Be the Answer for More Florida Homeowners Facing Threat of Mortgage Foreclosure: Short Sales Becoming Popular With Lenders

Larry Tolchinsky | August 23, 2011

According to Moody’s Investors Service, short sales of homes that are at risk of foreclosure (called “distressed properties’) grew to 25% of all liquidations of distressed properties by mid-2011, which is a big jump from two years ago when they were at 8%.   As the time it takes for lenders to foreclose on a [...]

Negotiating a Home Loan Modification: Beware of the Dual Track Rule – The Bank Can Still Foreclose Even If You’re Modifying Your Note

Larry Tolchinsky | August 11, 2011

In a loan modification, the original note’s terms are revised (monthly payment amount, interest rate, etc.) and the revisions become effective once everyone signs the modification agreement.  For a home loan in South Florida, that means the home owners whose names are on the original mortgage and note and a duly authorized representative of the [...]

Once SB 1316 Becomes Law in July 2011, The New Florida Law Will Allow Realtors to Assist With Short Sales

Larry Tolchinsky | May 19, 2011

The Florida Legislature has sent an overwhelming number of legislative changes to Governor Scott’s for his signature (or veto).  Some of the efforts in Tallahassee involve making new laws and increasing state regulation; others dismantled state oversight and decrease the State of Florida’s regulatory responsibilities. It’s all about the budget.  Money.  The lawmakers are focused [...]

Florida Homeowners Take On the Bank’s Lawyers As Florida Bar Flooded With Lawyer Complaints

Larry Tolchinsky | May 12, 2011

Florida homeowners are not only getting mad, they’re fighting back against the evildoers who’ve misrepresented things to them, or about them.  They’re taking on the lawyers. Foreclosure Lawyers Are Being Investigated by the Florida Bar:  Massive Number of Grievances Being Filed The Florida Bar is being flooded with complaints about Florida lawyers and law firms.  [...]

Did You Get Scammed by a Florida Loan Modification Company? What You Can Do, Plus Florida AG Goes After 3 Delray Beach Companies for Fraud

Larry Tolchinsky | May 3, 2011

Florida homeowners that get behind on their home mortgage payments aren’t stupid: they fear a foreclosure in their future.  Usually they consider asking the bank to make a new deal, with terms that are easier for the homeowner to bear in this harsh economy. However, dealing with the lender can be hard to do.  The [...]

Are Banks the Reason for Failing Loan Modifications? Another Foreclosure Paperwork Problem with Florida Lenders.

Larry Tolchinsky | March 3, 2011

In today’s Sun Sentinel, reporter Diane C. Lade exposes yet another paperwork problem for Florida lenders:  in an article entitled, “Lawyers say they’re forced to cancel mediations when lenders hold back disclosures, ” Lade points out that many of the loan modifications are failing because banks are not providing the proper paperwork. Lenders are bring [...]

Hallandale Law – We work just down the street.

Larry Tolchinsky | May 6, 2009

Hallandale Law is centrally located at the intersection of Miami-Dade and Broward Counties, just minutes from the many popular business and social districts of South Florida. We have thus earned ourselves the title of South Florida Attorneys. But we believe we are so much more to our broad and diverse clientele – we are, additionally, [...]