Larry Tolchinsky | 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 [...]
Larry Tolchinsky | May 2, 2013
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Larry Tolchinsky | April 30, 2013
Florida homeowners, and borrowers across the country, are no longer considering HAMP (Home Affordable Modification Program) to be the big success that it was touted to be by the Treasury Department when it debuted back in 2009. HAMP, as you may recall, was a part of the MakingHomeAffordable program which describes itself as: The Making [...]
Larry Tolchinsky | April 9, 2013
Today, the Federal Housing Finance Agency (FHFA) released its January 2013 Refinance Report which provides information on loan modifications and refinancing during the first month of this year, not just through the federal HARP option for homeowners (Home Affordable Refinance Program), but through other re-financing alternatives available through Fannie Mae and Freddie Mac, too. The refinancing of [...]
Larry Tolchinsky | April 2, 2013
Last Wednesday, the Federal Housing Finance Agency (FHFA) announced big changes for those seeking to modify their home loans: for loan modifications of mortgages connected to Fannie Mae or Freddie Mac, things are going to be much easier in a few months. Weeks, really. What is FHFA Doing About Mortgage Loan Modifications? Both Fannie Mae [...]
