by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Law, Florida Real Estate, Real Estate
The Securities and Exchanges Commission announced charges against Goldman Sachs for failing to disclose information to investors about the sale of mortgage investment vehicles which are at the center of today’s foreclosure crisis. While this is a good first... by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Law, Florida Real Estate, Real Estate
It used to be when a homeowner fell into default, the bank could feel pretty secure that foreclosure proceedings would eventually lead to forfeiture of the property in question. Back then, a competent attorney could possibly forestall forfeiture of the home for a... by Larry Tolchinsky | Florida Foreclosures, Florida Real Estate, Real Estate, Short Sales
Recently, there has been an increase in the number of short sales of homes facing foreclosure. According to a recent article in The L.A. Times entitled “Short sales grow as a cheaper alternative to foreclosure,” short sales have quadrupled during the first 9 months... 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....
