by Larry Tolchinsky | Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Series - Foreclosure Fraud, Wrongful Foreclosure
This is the third post in a series of posts explaining the hows and whys of ForeclosureGate and the Florida Home Loan Fraud crisis: In a rush to get paperwork filed to foreclose on defaulted mortgages, lenders cut corners and ignored the law, sometimes intentionally.... by Larry Tolchinsky | Florida Foreclosures, Florida Law, Florida Real Estate, Loan Modification, Local Lawyers, Real Estate, Short Sales
According to Moody’s Investors Service, short sales of homes that are at risk of foreclosure (called “distressed properties’) grew to 25% of all liquidations of distressed properties by mid-2011, which is a big jump from two years ago when they were... by Larry Tolchinsky | Appraisal Fraud, Florida Foreclosures, Florida Real Estate, Foreclosure Fraud, Wrongful Foreclosure
The Federal Bureau of Investigation keeps track of all sorts of crime, including Mortgage Fraud, and every year since 2006 it releases its annual report on how bad mortgage fraud is in the United States. This week, the FBI’s 2010 Mortgage Fraud Report was... by Larry Tolchinsky | Florida Foreclosures, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Local Lawyers, Predatory Lending, Real Estate, Real Estate Appraiser, Underwater Mortgage, Wrongful Foreclosure
In a loan modification, the original note’s terms are revised (monthly payment amount, interest rate, etc.) and the revisions become effective once everyone signs the modification agreement. For a home loan in South Florida, that means the home owners whose... by Larry Tolchinsky | Appraisal Fraud, Florida Foreclosures, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Real Estate, Series - Foreclosure Fraud, Wrongful Foreclosure
Here, the first in a series of posts explaining the hows and whys of ForeclosureGate and the Florida Home Loan Fraud crisis: Part 1. How It All Began, Remembering Traditional Mortgage Practices and that First Smell of More Profit Long before ForeclosureGate, when the... by Larry Tolchinsky | Florida Foreclosures, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Real Estate, Wrongful Foreclosure
A homeowner in New York hired a foreclosure defense attorney and recently won her lawsuit against her mortgage lender, HSBC Bank. Key to the win: a report that was prepared by two former Florida assistant attorneys general, June Clarkson and Theresa Edwards. ...
