Florida Deficiency Judgment Overturned by Florida Court: Bank Loses Deficiency Because it Fails to Provide Valid Evidence of Fair Market Value

| 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 […]

Short Sale Fraud in Florida: Florida Sellers and Buyers Both Victims of Short Sale Scams

| 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 […]

Another Growing Florida Home Crisis for Florida Home Owners: Unlicensed Contractors Leaving Shoddy, Problem Work That Doesn’t Meet Code

| June 7, 2012

When money gets tight, it’s smart to find ways to keep costs down, right?  Whether you are a bank or an Average Joe home owner in Florida these days, it’s smart to be frugal in keeping up your property as well as undertaking improvement projects. Problem is, times like these are open season for unscrupulous […]

Real Estate Appraisal Errors Remain a Huge Problem: Consider This “Hole in the Wall” Story – What To Look For In Your Florida Home Appraisal

| January 19, 2012

Last Update: 02/24/16 Sometimes, the easiest way to understand something is to consider one example.  In the case of appraisal error, a recent news story about a phony and fraudulent New York home appraisal really helps to make things clear.  In many instances, appraisals are bad because of fraud – and because of negligence. Great […]

New Pew Study Finds Many Americans Think It’s Okay to Default on an Underwater Mortgage: Evaluating Your Options

| December 29, 2011

The Pew Research Center is one of the country’s most respected research firms, and here at year end, many are listening to what Pew is  reporting regarding Americans’ take on the foreclosure crisis and people not paying their mortgages.  What has Pew discovered? In answers to a Pew survey, thirty-six percent (36%) of Americans said […]

Negotiating a Home Loan Modification: Beware of the Dual Track Rule – The Bank Can Still Foreclose Even If You’re Modifying Your Note

| August 11, 2011

In a loan modification, the original note’s terms are revised (monthly payment amount, interest rate, etc.) and the revisions become effective once everyone signs the modification agreement.  For a home loan in South Florida, that means the home owners whose names are on the original mortgage and note and a duly authorized representative of the […]

Why Were the Florida AG Foreclosure Fraud Attorneys Booted? Were They Too Good At Their Jobs? Just How Powerful Are The Lenders?

| July 26, 2011

The issues involving Foreclosure Fraud seem to get bigger and more complex (and more outrageous) by the day.  Just last week, for example, the controversy got bigger around the reasons why two former assistant attorneys general for the State of Florida – who were Attorney General Pam Bondi’s top foreclosure fraud investigators – were effectively […]

Immunity from Being Sued for Banks Who Just Keep On Committing Foreclosure Fraud? What Can Wrongful Foreclosure Victims Do?

| July 21, 2011

What the heck is going on with our government leaders? Are they trying to stop Florida homeowners from suing banks and mortgage lenders for foreclosure fraud and other injuries that Florida property owners have experienced due to Foreclosure Fraud (robosigning, etc.)? Yes. It looks like they are trying to do exactly that: block the homeowner […]

Appraisal Fraud Whistleblowers Urged to Come Forward by National Consumer Advocacy Group

| June 23, 2011

Appraisers providing bad appraisals due either to negligence or outright fraud are finally being recognized as one of the major contributors to the huge foreclosure fraud crisis in Florida and the rest of the country.  By providing artificially high appraisals, the real estate appraiser played an instrumental role in the Real Estate Bubble that has […]

89 Different Florida Appraisers Are Listed in FDIC’s Claims of Fraudulent Appraisals in Lawsuit against Lender Processing Service: Is Your Appraiser on the List?

| June 16, 2011

In the pleadings filed in the lawsuit filed by the FDIC against Jacksonville’s Lender Processing Services, it has become part of the public record that 89 different Florida appraisers are listed by name as being involved in this lawsuit, and out of those 89 appraisers, 35 have been in disciplinary actions before the Florida Real […]

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