Larry Tolchinsky | October 25, 2011
HARP was revised this week by the federal government in the hopes that up to 1 million Americans with underwater mortgages can get refinancing through a program overseen by Fannie Mae and Freddie Mac. Expanding HARP is a big deal; President Obama held a news conference this week over in Vegas to give the details. [...]
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Tags: Broward Real Estate, Deficiency Judgments, Florida Real Estate, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Help, Foreclosure Settlement, House foreclosure, Loan Modification, strategic default, Underwater Mortgage
Larry Tolchinsky | October 20, 2011
A few weeks ago, the Florida Supreme Court ordered a review of its 18-month-old mandatory foreclosure mediation program. (You can read the December 2009 Administrative Order creating the program and the September 26, 2011 Administrative Order reviewing its results online.) The Palm Beach Post is reporting that as soon as tomorrow, the decision will [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Broward Real Estate, Florida Homestead, Florida Real Estate, Florida Real Estate Foreclosures, Foreclosure Lawsuit, Foreclosure Settlement, House foreclosure, Loan Modification, Mortgage foreclosure, Mortgage Fraud, Wrongful Foreclosure
Larry Tolchinsky | October 6, 2011
Today, another federal report was released, this time from the Office of the Comptroller of the Currency: seems that mortgage delinquencies are rising again. Which means that many people are not making that monthly mortgage payment. As the Wall Street Journal suggests, this number is only going to go up if unemployment rates rise. Florida [...]
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Tags: Broward Real Estate, Deficiency Judgments, Florida Law, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Help, Foreclosure Settlement, House foreclosure, Loan Modification, Mortgage foreclosure, Mortgage Fraud, Property foreclosure, Short Sale Counseling, Short Sales, strategic default, Underwater Mortgage
Larry Tolchinsky | September 22, 2011
Underwater mortgages are a serious problem here in South Florida. When home loan balances are higher than the fair market value of the home itself, the homeowner is “upside down” on his or her mortgage. This scenario increases the temptation for the homeowner to walk away, especially when facing higher property taxes and home insurance. [...]
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Tags: Broward Real Estate, Florida Homestead, Florida Real Estate, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Help, Foreclosure Settlement, House foreclosure, Loan Modification, Mortgage foreclosure, Property foreclosure, strategic default, Underwater Mortgage
Larry Tolchinsky | September 20, 2011
Everyone in the Miami area knows that the Florida real estate market is in a huge mess. However, some South Floridians may be surprised to learn just how long that real estate crisis may continue into the future. Why? Title to Florida real estate – particularly the real estate that has gone through the foreclosure [...]
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Tags: Bank of America Foreclosures, Florida Law, Florida Real Estate, Foreclosure Help, Foreclosure Lawsuit, Foreclosure Settlement, House foreclosure, Mortgage foreclosure, Property foreclosure, Title Insurance, Wrongful Foreclosure
Larry Tolchinsky | August 30, 2011
Earlier this week, RealtyTrac released its second quarter U.S. Foreclosure Sales Report which confirmed the statistics released earlier by Moody’s Investor Service (discussed in last week’s post) insofar as pre-foreclosure short sales are increasing in popularity with lenders across the country. According to RealtyTrac, these pre-foreclosure short sales increased 19% from the first quarter of [...]
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Tags: Broward Real Estate, Deficiency Judgments, Florida Law, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Help, Mortgage foreclosure, Short Sales, Wrongful Foreclosure
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 [...]
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Tags: Deficiency Judgments, Florida Real Estate, Florida Real Estate Foreclosures, Florida Short Sale, Foreclosure defense attorney, Foreclosure Help, Short Sale Counseling, Short Sale Lawyer, Short Sales
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 [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Florida Law, Florida Real Estate Foreclosures, Foreclosure Lawsuit, House foreclosure, Loan Modification, Mortgage foreclosure, Property foreclosure, Underwater Mortgage, Wrongful Foreclosure
Larry Tolchinsky | August 9, 2011
Here, the first in a series of posts explaining the hows and whys of ForeclosureGate and the Florida Home Loan Fraud crisis: Part 1. How It All Began, Remembering Traditional Mortgage Practices and that First Smell of More Profit Long before ForeclosureGate, when the economy was running smoothly and banks were not operating outside the [...]
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Tags: Appraiser Fraud, Florida Homestead, Florida Law, Florida Real Estate, Florida Real Estate Foreclosures, Foreclosure defense attorney, Foreclosure Fraud, Foreclosure Help, MBS, Mortgage foreclosure, Property foreclosure, RMBS, Series, Wrongful Foreclosure
Larry Tolchinsky | July 21, 2011
What the heck is going on with our government leaders? Are they trying to stop Florida homeowners from suing banks and mortgage lenders for foreclosure fraud and other injuries that Florida property owners have experienced due to Foreclosure Fraud (robosigning, etc.)? Yes. It looks like they are trying to do exactly that: block the homeowner [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Florida Law, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Fraud, Foreclosure Help, House foreclosure, Mortgage foreclosure, Property foreclosure, Wrongful Foreclosure
