Larry Tolchinsky | June 18, 2013
In Florida, when the mortgage balance is more than the sales price on the home in foreclosure, there is a “deficiency” amount left when the sales proceeds are deducted from the home loan balance due. That “deficiency” can be the basis for further litigation by the lender against the borrower, and for many years the [...]
Larry Tolchinsky | June 11, 2013
Governor Rick Scott sat down at his Governor’s desk on June 7, 2013, picked up his pen and signed lots of bills into law that were sent to him by the Florida Legislature. Rick Scott signed things like the Veteran’s Organizations Bill (SB 390) and the Emergency Medical Services bill (SB 530) into law – [...]
Larry Tolchinsky | May 30, 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 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 [...]
