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 [...]
Larry Tolchinsky | January 10, 2012
At most real estate closings, there’s lots of paperwork. Page after page of single-spaced language that has to be reviewed, and then affirmed by the signor that they read and understood all that language in all those pages. Which is what Barbara and Rick Borchers did when when they sold their Florida home eight years [...]
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 [...]
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 [...]
Larry Tolchinsky | December 27, 2011
Here we are at the end of a stressful financial year for South Florida, and it’s time for all those New Year’s Resolutions to be made for 2012. Finances are considered, plans are made…and for Florida homeowners with underwater mortgages or with defaulting home loans who are sitting in homes with the stress of a [...]
Larry Tolchinsky | December 20, 2011
The Florida Fourth District Court of Appeals just issued an opinion that is a very big deal for Florida homeowners everywhere – but especially those who are facing foreclosure as well as those with underwater mortgages who are wondering what their future holds. In Robert McLean v. J.P. Morgan Chase, as Trustee, Florida’s homeowners won [...]
Larry Tolchinsky | December 15, 2011
Florida home owners – especially those in trouble on their home loans and considering foreclosure, short sale, or what to do about their underwater mortgage – need to know the difference between some of the documents that they signed long ago when they bought their home. Note, Mortgage, Deed of Trust: what are they, what [...]
Larry Tolchinsky | December 1, 2011
Go down to any real estate records office anywhere in Florida, and get ready for a history lesson. Florida land ownership goes back to the days of Spanish land grants – and because land ownership has always been so important to people, there have always been careful records kept of who owns what tract of [...]
Larry Tolchinsky | November 3, 2011
A new federal government program kicked off this week, designed to help Americans who have been victims of Foreclosure Mortgage Fraud, which is great – if you are eligible for it. That’s a Big If. The federal government hit the ground running in November 2011 by announcing it had opened its doors to a new [...]
Larry Tolchinsky | November 1, 2011
The Massachusetts Supreme Court has released its decision in a foreclosure fraud case that may impact mortgage holders as well as buyers of foreclosed properties in Florida and across the United States. Back in January 2011, we along with other real estate attorneys and state court judges from all over the state and the rest [...]
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