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 [...]

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 [...]

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 [...]

Why Were the Florida AG Foreclosure Fraud Attorneys Booted? Were They Too Good At Their Jobs? Just How Powerful Are The Lenders?

Larry Tolchinsky | July 26, 2011

The issues involving Foreclosure Fraud seem to get bigger and more complex (and more outrageous) by the day.  Just last week, for example, the controversy got bigger around the reasons why two former assistant attorneys general for the State of Florida – who were Attorney General Pam Bondi’s top foreclosure fraud investigators – were effectively [...]

Immunity from Being Sued for Banks Who Just Keep On Committing Foreclosure Fraud? What Can Wrongful Foreclosure Victims Do?

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 [...]

Appraisal Fraud Whistleblowers Urged to Come Forward by National Consumer Advocacy Group

Larry Tolchinsky | June 23, 2011

Appraisers providing bad appraisals due either to negligence or outright fraud are finally being recognized as one of the major contributors to the huge foreclosure fraud crisis in Florida and the rest of the country.  By providing artificially high appraisals, the real estate appraiser played an instrumental role in the Real Estate Bubble that has [...]

89 Different Florida Appraisers Are Listed in FDIC’s Claims of Fraudulent Appraisals in Lawsuit against Lender Processing Service: Is Your Appraiser on the List?

Larry Tolchinsky | June 16, 2011

In the pleadings filed in the lawsuit filed by the FDIC against Jacksonville’s Lender Processing Services, it has become part of the public record that 89 different Florida appraisers are listed by name as being involved in this lawsuit, and out of those 89 appraisers, 35 have been in disciplinary actions before the Florida Real [...]

Feds Awaken to Widespread Appraisal Fraud as FDIC Sues, Alleges Florida Appraiser LPS Appraisals Wrongfully Inflated Values

Larry Tolchinsky | June 9, 2011

Knowing that inflated appraisals is a part of the reason that Florida real estate is in such a huge, horrible mess isn’t news to many who are following events in the local real estate market.  However, now it appears that the federal government is taking notice. One example was last month’s filing in a California [...]

Florida Real Estate Appraisers – Did They Inflate Real Estate Values? Is Your Home Appraisal Wrong?

Larry Tolchinsky | June 2, 2011

One Florida appraiser is already facing fraud charges — and we’re predicting that there are going to be a lot more Florida appraisers in lawsuits and facing criminal charges. This month, licensed appraiser Jay Whitham is being tried on criminal fraud charges based upon the state’s argument that he intentionally prepared a phony and fraudulent [...]