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Florida Housing Market Still in Dangerous Waters: Florida Home Owners and Florida Home Loan Borrowers Should Remain Wary and Watchful

Florida home owners with underwater mortgages as well as Florida borrowers and Florida home buyers interested in short sales are all watching the Florida real estate housing market carefully.  When something like the latest Fiserv Case-Shiller Index on national home...

Second Mortgages Modified While First Mortgage Foreclosures Continue: Big Banks’ Mortgage Shell Game Exposed by NYT Editorial

In Florida, when considering foreclosure issues, most discussions relate to first mortgages.  However, there are many, many homes here in Florida that have more than one mortgage, and these “second mortgages” are now getting some well-deserved attention in...

5 Things To Consider With the Deed In Lieu of Foreclosure for Underwater Mortgages Offer by Fannie Mae and Freddie Mac That Debuts March 1, 2013

On Tuesday, we discussed the details of the new Fannie Mae and Freddie Mac offering that becomes effective on March 1, 2013: both Fannie Mae and Freddie Mac will begin taking Deeds in Lieu of Foreclosure for mortgages guaranteed by their programs that are underwater...

Borrowers Sue Banks More and More: Massachusetts Supreme Court Rules for Home Owner – Foreclosing Bank Loses, Had No Standing to Foreclose on Borrower

Borrowers are starting to file lawsuits against their mortgage lenders and banks are not only finding themselves as defendants in courtrooms across the country, they are also finding judges more than happy to rule against them and in favor of home owners and home loan...

Mortgage Debt Relief Act of 2007 Going Over the Fiscal Cliff? Florida Underwater Mortgages, Florida Foreclosures, and Florida Short Sales Watching as FIT Exemption Fails to Get Extension

The Mortgage Debt Relief Act of 2007 will expire a few days from now unless a miracle happens – we’ve been concerned about the impact this federal income tax exemption disappearing will have upon Florida home owners, those with underwater mortgages, and...

Will Florida Home Owners Get a Home Loan Mortgage From Walmart? Walmart, Paypal, CostCo and Others Moving into Banking Business: Will Florida Law Protections Be There for You Too? Maybe Not.

People in Florida, particularly South Florida, have learned a lot about how banks work just by reading their newspaper or watching the news.  There have been countless stories written and so much other media coverage of the banking industry related to foreclosure...