by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Real Estate, Underwater Mortgage
Underwater mortgages are a serious problem here in South Florida. When home loan balances are higher than the fair market value of the home itself, the homeowner is “upside down” on his or her mortgage. This scenario increases the temptation for the... by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Local Lawyers, Real Estate, Wrongful Foreclosure
Here in South Florida, odds are high that you or your neighbor or your friend have your home mortgage with Bank of America. Why? Bank of America holds not only mortgage notes that Bank of America made with its customers, but also mortgages made awhile back by... by Larry Tolchinsky | Florida Homestead, Florida Probate, Florida Wills, Intestacy, Life Estate Deeds, Probate (Broward County)
The Florida Legislature has been very active this past year in passing all sorts of major changes to existing Florida probate laws. The law makers have been doing this in several areas; however, one area of major change that is going to impact almost every Floridian... by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Real Estate, Short Sales, Underwater Mortgage
Earlier this week, RealtyTrac released its second quarter U.S. Foreclosure Sales Report which confirmed the statistics released earlier by Moody’s Investor Service (discussed in last week’s post) insofar as pre-foreclosure short sales are increasing in... by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Real Estate, Wrongful Foreclosure
One consequence of a Wrongful Foreclosure case, relates to the issue of clear title: the banks and mortgage lenders may not have it to convey to a buyer of the property. As we all know, title to real estate is recorded in our public records because being able to trace... by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Loan Modification, Real Estate, Short Sales, Underwater Mortgage, Wrongful Foreclosure
Robo-signing, where official legal documents are fraudulently created and then filed by banks and their attorneys when they are attempting to foreclose on homes in Florida and elsewhere, has been one of the major reasons for the national Foreclosure Fraud crisis. ...
