Larry Tolchinsky | May 17, 2012
There’s a lot of news coverage this week about the announcement by Bank of America that it is introducing a new short sale program to help Florida homeowners in trouble with their mortgages. Across the country and in Florida, Bank of America itself (BofA) is putting money on the table to help homeowners and encourage [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Florida Real Estate Foreclosures, Foreclosure Settlement, Short Sale Counseling, Short Sales, strategic default, Underwater Mortgage
Larry Tolchinsky | April 26, 2012
Florida real estate owners and home owners throughout the Sunshine State are very, very concerned about their real estate values: not only where they have been and where they are now, but where they will be in the future. Media stories about real estate prices and foreclosure numbers are therefore very important to a lot [...]
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Tags: Broward Real Estate, Florida Condominium, Florida Real Estate, Foreclosure defense attorney, foreclosure defenses, Foreclosure Fraud, House foreclosure, Short Sale Counseling, strategic default, Underwater Mortgage
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 | 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 | February 2, 2012
In Florida, countless home owners are facing the lose of their home to foreclosure because they can’t continue to make their mortgage payments due to lost jobs, medical expenses, and other life events. Other home owners have mortgages that are much, much larger than the fair market value of their homes and they are wondering [...]
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Tags: Deficiency Judgments, Florida Real Estate Foreclosures, Foreclosure defense attorney, Loan Modification, Short Sale Counseling, Short Sales, strategic default, 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 24, 2012
Florida home owners concerned about foreclosure and pondering a short sale should get busy and get that short sale process started. Why? There is a countdown to the expiration date of a federal law that will impact them badly if they wait until after the end of 2012 to close on that short sale of [...]
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Tags: Condominium Lawyer, Deficiency Judgments, Florida Law, Florida Real Estate, Foreclosure Help, Short Sale Counseling, Short Sales
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 12, 2012
In Florida, short sales are growing in popularity now that lenders realize the expense and difficulty of dealing with a foreclosed home, and because so many other homes are at risk for foreclosure their is a likelihood that the inventory will continue to grow. Also, banks rather have a home sold by short sale than [...]
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Tags: 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
