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Federal Housing Finance Agency Pushes Banks to Go After Home Owner Borrowers for Deficiencies: October 17 Report Wants More Revenue to Fannie Mae and Freddie Mac From Deficiency Collections

Watch out: yesterday a new report was released by the Federal Housing Finance Agency (FNFA) that finds mortgage bank agencies Fannie Mae and Freddie Mac  could increase their revenue by aggressively going after collection of deficiencies on home loans and on...

Florida Short Sales Success: Home Owners Need to Be Smart and Shrewd in Short Sale Strategies to Get to Closing Before December 31, 2012: Don’t Get Burned in the Fever

Last Update: 02/24/16 With pressure building to get short sales done before the end of the year (when the tax exemption for deficiencies expires), it’s becoming more and more important to help buyers find Florida short sale properties as well as helping sellers...

Broward County, Florida Is Number One in the Country in Foreclosures Being Filed – What Florida Borrowers Should Know About Foreclosures in South Florida and Broward County

The latest statistics have been compiled, and our neck of the woods is making the news again.  Just as the State of Florida hits the top spot for foreclosures in the United States, Broward County is first in the state for foreclosure filings. 858 Days to Foreclose in...

Florida Short Sales: New GSE Short Sale Rules from Freddie Mac and Fannie Mae – How a Short Sale in 2012 Helps Sellers Now and When They Buy a Home in the Future

Effective November 1, 2012, anyone with a government-sponsored-enterprise (GSE) mortgage home loan that can prove one of the hardships recognized by the federal government may short sell their home even if they are current in their mortgage payments — and the...

Florida Foreclosure Defense: California’s Jackmon Case – Suing Bank for Failed Modification Agreement – Claiming the Lender Breached a Contract After Deal Was Made to Lower Mortgage Payments

Another court in another state (besides Florida) is considering claims by home owners that they have suffered damages in a breach of their contract for a modified home loan by their lender under the HAMP program (Homeowner Affordable Modification Program).  ...