by Larry Tolchinsky | Debt Collection - Mortgages, Deficiency Judgments, Dyck O'Neal, Florida Foreclosures, Foreclosure Rescue, Local Lawyers
According to the new Florida Fair Foreclosure legislation, the deadline for a bank to sue a defaulting home owner for the amount left on a mortgage after a foreclosure (the deficiency) was changed from 5 years to 1 year, regardless of when the cause of action accrued.... by Larry Tolchinsky | Closings, Deficiency Judgments, Florida Real Estate, Foreclosure Rescue, Local Lawyers, Real Estate, Short Sales
Last Update: 02/24/16 In a recent news article, it was reported that there is a “stigma” surrounding the Short Sale option in buying a home these days. CBSNews reported with a story entitled, “Is there a stigma with home “short sales”?” In fact, a Fort... by Larry Tolchinsky | Debt Collection - Mortgages, Deficiency Judgments, Dyck O'Neal, Florida Foreclosures, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Short Sales, Wrongful Foreclosure
Last Update: 08/01/16 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... by Larry Tolchinsky | Community Associations, Condos and Townhouses, Deficiency Judgments, Florida Condominium Law, Florida Law, Florida Real Estate, Underwater Mortgage
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... by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Law, Florida Real Estate, Short Sales, Underwater Mortgage
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... by Larry Tolchinsky | Debt Collection - Mortgages, Deficiency Judgments, Florida Domicile, Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Real Estate, Short Sales, Underwater Mortgage
Today, the 60-day annual session of the Florida Legislature begins, and the entire country is watching. The next nine weeks are going to be a very important time for Floridians, especially Florida home owners. Things began with Governor Rick Scott’s State of...
