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 31, 2012
A nice article appeared in Reuters this week entitled, “What Happens When You Walk Away From Your Home?” that includes a brief discussion of things we post about here regularly: underwater mortgages in Florida and elsewhere and the various issues that go into deciding whether or not to stop making mortgage payments on a home [...]
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Tags: Collection Practices, Debt Collection, Deficiency Judgments, FDCPA, Foreclosure defense attorney, 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 | 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 [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Broward Real Estate, Deficiency Judgments, Florida Condominium, Florida Real Estate, Florida Real Estate Foreclosures, Foreclosure Help, Loan Modification, Short Sale Counseling, Short Sales, strategic default, Underwater Mortgage
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 [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Broward Real Estate, Deficiency Judgments, Florida Condo Law, Florida Homestead, Florida Law, Florida Real Estate Foreclosures, Foreclosure defense attorney, Mortgage foreclosure, Short Sales, Wrongful Foreclosure
Larry Tolchinsky | December 8, 2011
It’s being called the Fairness in Foreclosures Act of 2011, although it’s proceeding through the United States House of Representatives as House Resolution 3566, and it’s a big deal to a lot of homeowners in trouble all across the country. If this bill becomes federal law, there will be a limit of ONE YEAR on any [...]
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Tags: Deficiency Judgments, Florida Law, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Mortgage foreclosure, Short Sale Counseling, strategic default, Underwater Mortgage
Larry Tolchinsky | October 27, 2011
Florida has been in tough economic times for a long while now, and lots of Florida homeowners, stressed and frustrated, have chosen to move on — walking away from their homes and their mortgages. This may have seemed like a smart idea at the time, or maybe the only idea at the time, but here’s [...]
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Tags: Bank of America Foreclosures, BofA Foreclosures, Broward Real Estate, Deficiency Judgments, Florida Real Estate, Florida Real Estate Foreclosures, House foreclosure, Mortgage foreclosure, Property foreclosure, Wrongful Foreclosure
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 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
