Florida Foreclosure – Beware Banks Not Providing Proper Cancellation of Note (the “Zombie Note”): More Widespread Violations of Florida Law

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 [...]

Florida Homes Foreclosed by Federal Government Become Rentals: FHFA Invites Landlords in Pilot Phase of New Fed Program While Congress Asks FHFA to Start Working With Underwater Homeowners

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 [...]

Florida Legislature Proposed Law HB319 Hurts Home Owners and Home Buyers – Here’s Why

Larry Tolchinsky | February 21, 2012

Across Florida, and particularly in South Florida, condominiums and homeowners’ associations are having to deal with problems that arise when a condo owner defaults on his or her condo mortgage.  One of those problems is the growing amount of unpaid assessments and fees on that defaulted condo. Enter the Florida Legislature with proposed legislation, HB [...]

Florida Home Owners Need to Know This About the Attorneys’ General National Settlement Agreement on Foreclosure Fraud

Larry Tolchinsky | February 16, 2012

More on the big news this week on Florida foreclosures.  After all, there are many things to consider as a Florida homeowner or Florida mortgage holder with this new Attorneys General – Bank Foreclosure Settlement.  Here are just a few of them. First things first, it may be putting the horse before the cart for [...]

Bank Foreclosure Fraud Settlement with the State Attorneys General: How Much Trickles Down to Help South Florida Homeowners? Not Much.

Larry Tolchinsky | February 14, 2012

The joint task force investigating foreclosure fraud by banks and mortgage servicers in this country, which brought together the top attorneys for each state in the country, i.e., their Attorneys General, has made a settlement deal according to a news release by the AGs.  From their joint task force’s web site: After many months of [...]

Florida Home Owners: Beware the Foreclosure Rescue Company or the Friendly Mortgage Modification Company – There Are Lots of Scam Artists Out There

Larry Tolchinsky | February 7, 2012

It’s sad but true that all too often home owners already facing the stress and difficulties of becoming delinquent in their mortgage payments and facing the consequences of that delinquency – losing their home, their credit rating, dealing with bill collection efforts, etc. – then fall prey to the additional stress of being the victims [...]

10 Things to Know About Mortgage Debt Collectors and Florida Short Sales, Florida Foreclosures, and Florida Home Loan Modifications

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 [...]

How the Federal Servicing Alignment Initiative Helps Florida Home Owners Wanting to Short Sale

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 [...]

Florida Real Estate Closings Are Important: Checking Paperwork Details May Have Saved Florida Homeowners From Foreclosure Filing by Bank of America Eight Years Later

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 [...]

The Short Sale Transaction in Florida: Things That the Seller (and Buyer) Need to Know Before Closing the Short Sale of a Florida Home – Clouds on Title

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 [...]