Larry Tolchinsky | June 18, 2013
In Florida, when the mortgage balance is more than the sales price of a home in foreclosure, there is a “deficiency” – stated another way – the deficiency is the amount due the lender when the sale proceeds in a short sale are not enough to pay the loan balance. That “deficiency” can be 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 7, 2013
The proposed “foreclosure reform” legislation that failed last year, got revamped, and was proposed again this year to be made into new Florida law has been a big concern for foreclosure defense attorneys and advocates for Florida home owners. We’ve been monitoring House Bill 87 as it has been making its way through the Florida [...]
Larry Tolchinsky | May 2, 2013
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Larry Tolchinsky | 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 [...]
