Deficiency Judgments and Past Due Condo Association Payments

| June 4, 2013

In Florida, one result of the past few year’s foreclosure fraud crisis has been chaos for condo associations across the state as Florida condo unit owners have become delinquent in paying assessments. Often, strapped condo owners make arrangements with their lenders regarding deficiency judgments but fail to do the same with their condo associations.  It’s [...]

Infographic: Troubled Asset Relief Program (TARP) As of March 2012 Per Congressional Budget Office

| May 2, 2013

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HAMP Trial Period Plan Lawsuits: Borrowers Sue Banks for Failing to Do the Right Thing in TPP Loan Modification as Lenders Fail To Follow HAMP Requirements

| 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 [...]

What is Happening With Foreclosures in South Florida Real Estate Right Now? We’re Still in a Big Mess – Consider These Reports

| April 23, 2013

How is the Florida foreclosure market doing right now?  Some are reporting optimistic viewpoints – we’re out of the woods, they claim: everything is getting better every day. Meanwhile, for those working with Florida home owners and Florida borrowers in the current South Florida real estate market, it’s not that rosy.  Here’s why:   Proposed [...]

Out of State Homeowners Who Owned Florida Real Estate are Facing Bank Collection Efforts in Their Home State (or Country) Because of a Florida Foreclosure Judgment: Domesticating Judgments

| April 16, 2013

For those who live outside of the State of Florida but who own or owned Florida real estate subject to foreclosure, the possibility of that foreclosure’s deficiency judgment being collected in your resident state is real. Florida Deficiency Judgments Have Five Year Statute of Limitations Deadline Deficiency judgments?  We’ve written a lot about deficiency judgments [...]