In Florida, Shared (Joint) Ownership Can Be a Big Problem If a Creditor Stakes a Claim Against the Property in Joint Tenancy with Right of Survivorship

| December 17, 2013

In Florida, two people can own a piece of real estate (like a single family residence or a vacation condo) together even if they aren’t husband and wife, or related in any way. The most common form of ownership, where more than one person owns an interest in Florida real estate, is called a “joint […]

July 2014 Deadline for Older Foreclosure Deficiency Judgments – Small South Florida Banks and Credit Unions Increasingly Aggressive on Deficiency Collection Efforts

| December 10, 2013

According to the new Florida Fair Foreclosure legislation, the deadline for a bank to sue a defaulting home owner for the amount left on a mortgage after a foreclosure (the deficiency) was changed from 5 years to 1 year, regardless of when the cause of action accrued. (See our earlier post for details.) Before this […]

Florida Foreclosure Help Scams and Mortgage Relief Fraud: Con Artists Prey on Florida Homeowners and Borrowers Promising to Help Fight Foreclosure – Don’t Be a Victim

| August 13, 2013

Florida foreclosures are still a big problem for Florida borrowers; Florida homeowners; Florida lenders; and everyone else in the State of Florida impacted by the Florida housing industry or Florida real estate market. Yes, that’s pretty much everyone here in Florida. Enter the fraudsters: con artists who see borrowers in a foreclosure situation not with […]

Florida Deficiency Foreclosure Claims: Banks Now Have One Year Statute of Limitations Deadline to Pursue the Deficiency

| June 18, 2013

In Florida, when the mortgage balance is more than the sales price of a home in foreclosure, there is a “deficiency” – stated another way – the deficiency is the amount due the lender when the sale proceeds in a short sale are not enough to pay the loan balance. That “deficiency” can be the […]

Infographic: Troubled Asset Relief Program (TARP) As of March 2012 Per Congressional Budget Office

| May 2, 2013

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