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Underwater Mortgages in Florida: No Easy Answers and No Government Relief in Site

The Sun Sentinel published an excellent overview of the current crisis for many Florida homeowners today in a piece written by Paul Owers, entitled “Homes bought five years ago the hardest to sell.”  Owers covers the situation that many property owners...

Underwater Mortgages in Florida: What Are They, What Can You Do If You’re Underwater in Your Mortgage?

Underwater mortgages are those situations where the homeowner is said to hold “negative equity” in his property — he is “upside down” — because he owes more to the lender than he can get if were to sell the property. Which makes it...

Are Banks the Reason for Failing Loan Modifications? Another Foreclosure Paperwork Problem with Florida Lenders.

In today’s Sun Sentinel, reporter Diane C. Lade exposes yet another paperwork problem for Florida lenders:  in an article entitled, “Lawyers say they’re forced to cancel mediations when lenders hold back disclosures, ” Lade points out that many...