I Received an IRS Form 1099: Can The Bank Still Try and Collect on the Florida Deficiency Judgment?

| July 1, 2014

Here in Florida, more and more deficiency judgment collection efforts are being pursued by lenders and debt collectors, even though the associated foreclosure or short sale happened several years back. And, to make matters worse, and confusing, Florida borrowers have been receiving 1099s (a/k/a IRS Form 1099) from their lender related to their deficiency. What […]

Vantium Capital – Strategic Recovery Group – Update on Florida Deficiency Judgment Collection Efforts

| June 27, 2014

Quick Update on Florida Deficiency Collection Efforts Recently, we have been receiving calls about Vantium Capital – Strategic Recovery Group – which is a Texas based company who is trying to collect on old Florida foreclosure judgments.  In the files I have reviewed, Vantium enters into a collection agreement with Fannie Mae, who was the […]

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 […]

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