Larry Tolchinsky | March 19, 2013
Underwater: it’s a scary term for many real estate owners here in South Florida, and it’s a major concern for many who pay their mortgage payment each month, knowing full well that the amount on the home loan is so much greater than the current value of the home itself. It’s a continuing dilemma: is [...]
Larry Tolchinsky | September 13, 2012
There’s another new report out on the state of the Florida real estate market, and South Florida home owners — people in places like Broward County or Miami-Dade — need to be aware of its findings. The source is Lender Processing Services (LPS) and the name of the report is its “Mortgage Monitor Report”. Here’s [...]
Larry Tolchinsky | September 11, 2012
Just like the rest of the country, in Florida it is extremely important to be able to trust your real estate appraisal because appraisals, compiled by appraisers that are depended upon by many, many people to be responsible, thorough, knowledgable, and honest, give the bottom line on how much a piece of property (house, condo, [...]
Larry Tolchinsky | August 7, 2012
Deficiency judgments are a real concern for home owners facing foreclosure or dealing with short sales here in South Florida. Under Florida law, even after the home has been sold and the sales price used to pay down the mortgage amount, the lender still has the legal right to come after the assets held by [...]
Larry Tolchinsky | June 14, 2012
Short sales are very popular right now in Florida (and the rest of the country), and as we’ve explained in earlier posts, the rising popularity in shorts sales is due in large part to the changing attitude of lenders towards short sales as being a better deal for them than foreclosures. Add to this the [...]
