by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Real Estate, Foreclosure Fraud, Wrongful Foreclosure
The sad reality of today’s housing market is that a vast majority of homeowners are unaware that lawyers around the country are raising defenses that are effectively stopping mortgage foreclosures in their tracks. Banks are hoping that this message doesn’t reach the... by Larry Tolchinsky | Deficiency Judgments, Florida Real Estate
A deficiency in the Florida mortgage foreclosure setting is the difference between the value of a lien on real property (the amount due to fully satisfy a debt) and the price obtained by the creditor-mortgagee after foreclosing on the property. For example, if you owe... by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Real Estate
As the value of real estate is continuously depreciating, more and more people are resorting to “self-help” measures to get out of sky-high mortgages – except that such measures are not only harmful to their own interests, but are also further devastating the economy.... by Larry Tolchinsky | Florida Foreclosures, Florida Real Estate
As of late, it’s become quite common for renters to suffer the consequences of foreclosure. Many of my clients, for example, are renting homes from landlords who are being foreclosed upon. But a law passed by the Obama Administration in May 2009 may provide some... by Larry Tolchinsky | Deficiency Judgments, Florida Real Estate, Foreclosure Fraud, Wrongful Foreclosure
As a follow-up to my earlier post on deficiency judgments, I wanted to discuss some elements that I did not previously cover and which I have been asked by clients. A bank/lender that obtains a deficiency judgment, also known as a judgment creditor, has many avenues... by Larry Tolchinsky | Florida Homestead, Florida Real Estate
A client approached me the other day, concerned as to whether the Florida Medicaid Recovery Unit could recover monies paid by Medicaid on his behalf from his Homestead Florida real estate after his death. I assured him that in the vast majority of cases, such recovery...
