Larry Tolchinsky | March 15, 2012
The Florida Legislature has passed SB 1196 and it’s setting on the Governor’s desk, awaiting his decision on whether to veto the darn thing or sign it into effective Florida law. Here is the full text of the law: Section 553.835, Florida Statutes Implied warranties.— (1) The Legislature finds that the courts have reached different [...]
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Tags: Condo Law, Florida Condominium, Florida Real Estate, Water Damage Condominium
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 [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Florida Real Estate Foreclosures, Foreclosure Settlement, House foreclosure, Mortgage foreclosure, Property foreclosure, Wrongful Foreclosure
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 [...]
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Tags: Debt Collection, Deficiency Judgments, Florida Real Estate, Florida Real Estate Foreclosures, Foreclosure Help, House foreclosure, Mortgage foreclosure, Property foreclosure, strategic default, Underwater Mortgage, Wrongful Foreclosure
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 [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Broward Real Estate, Florida Law, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Fraud, Foreclosure Help, Foreclosure Lawsuit, Foreclosure Settlement, House foreclosure, Loan Modification, Property foreclosure, Underwater Mortgage, Wrongful Foreclosure
Larry Tolchinsky | March 1, 2012
The reality that Florida real estate is in a Wild West situation is known by most professionals in the real estate industry — but it just keeps getting more wild it seems. Now, there is a growing problem with illegal home conversions – which potential buyers may know as “nonconforming conversions. ” Surf through sites [...]
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Tags: Appraisal Fraud, Appraisal Negligence, Broward Real Estate, conversions, Florida Condo Law, Florida Condominium, Florida Homestead, Florida Real Estate, South Florida Lawyers
Larry Tolchinsky | February 28, 2012
The Federal Housing Finance Agency (FHFA), the federal agency that regulates the housing market in this country, is going to begin selling homes that have been foreclosed upon by Fannie Mae to vetted investors in certain parts of the country now, as part of its test run – or pilot phase – of the new [...]
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Tags: Broward Real Estate, Florida Homestead, Florida Real Estate, Florida Real Estate Foreclosures, Foreclosure defense attorney, Foreclosure Help, Mortgage foreclosure, Property foreclosure, Wrongful Foreclosure
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 [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Deficiency Judgments, Foreclosure Lawsuit, Foreclosure Settlement, Loan Modification, Mortgage foreclosure, Short Sale Counseling, Short Sales, Underwater Mortgage
Larry Tolchinsky | January 26, 2012
As discussed in our earlier post, a major tax break will end on December 31, 2012, that helps Florida home owners facing foreclosures, negotiating loan modifications, or working on a short sale of their home. For several years, a federal law has exempted the amount that isn’t covered by the foreclosure or short sale or [...]
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Tags: Deficiency Judgments, Florida Law, Foreclosure Settlement, Loan Modification, Short Sale Counseling, Short Sales, Underwater Mortgage
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 [...]
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Tags: Broward Real Estate, Florida Law, Florida Real Estate, Florida Real Estate Foreclosures, House foreclosure, Loan Modification, Short Sale Counseling, Short Sales, Underwater Mortgage
Larry Tolchinsky | January 3, 2012
The former chief economist for the National Association of Realtors (1987-97) and the current chief economist for Florida Realtors | Orlando gave his take this week on the current Florida real estate climate in an article written by Orlando Sentinel staff writer Mary Shanklin. You can read the full article, entitled “Talking With … John [...]
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Tags: Broward Real Estate, Florida Law, Florida Real Estate, Florida Real Estate Foreclosures, Short Sale Counseling, Short Sales
