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Negotiating a Home Loan Modification: Beware of the Dual Track Rule – The Bank Can Still Foreclose Even If You’re Modifying Your Note

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...

Once SB 1316 Becomes Law in July 2011, The New Florida Law Will Allow Realtors to Assist With Short Sales

The Florida Legislature has sent an overwhelming number of legislative changes to Governor Scott’s for his signature (or veto).  Some of the efforts in Tallahassee involve making new laws and increasing state regulation; others dismantled state oversight and...

Florida Homeowners Take On the Bank’s Lawyers As Florida Bar Flooded With Lawyer Complaints

This Article Is From 2011 Florida homeowners are not only getting mad, they’re fighting back against the evildoers who’ve misrepresented things to them, or about them.  They’re taking on the lawyers. Foreclosure Lawyers Are Being Investigated by the...

Did You Get Scammed by a Florida Loan Modification Company? What You Can Do, Plus Florida AG Goes After 3 Delray Beach Companies for Fraud

Florida homeowners that get behind on their home mortgage payments aren’t stupid: they fear a foreclosure in their future.  Usually they consider asking the bank to make a new deal, with terms that are easier for the homeowner to bear in this harsh economy....

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...