FHFA Refinance Report Released Today: Over Half of Florida Refinances Done Through HARP in Janaury 2013

| April 9, 2013

Today, the Federal Housing Finance Agency (FHFA) released its January 2013 Refinance Report which provides information on loan modifications and refinancing during the first month of this year, not just through the federal HARP option for homeowners (Home Affordable Refinance Program), but through other re-financing alternatives available through Fannie Mae and Freddie Mac, too. The refinancing of […]

Loan Modifications Are About to Get a Lot Easier: Fannie Mae and Freddie Mac Toss Out the Paperwork in New “Streamlined Mortgage Initiative” Program Debuting July 1

| April 2, 2013

Last Wednesday, the Federal Housing Finance Agency (FHFA) announced big changes for those seeking to modify their home loans: for loan modifications of mortgages connected to Fannie Mae or Freddie Mac, things are going to be much easier in a few months.  Weeks, really. What is FHFA Doing About Mortgage Loan Modifications? Both Fannie Mae […]

Florida Housing Market Still in Dangerous Waters: Florida Home Owners and Florida Home Loan Borrowers Should Remain Wary and Watchful

| March 7, 2013

Florida home owners with underwater mortgages as well as Florida borrowers and Florida home buyers interested in short sales are all watching the Florida real estate housing market carefully.  When something like the latest Fiserv Case-Shiller Index on national home trends is released, many people here in South Florida take note. Today, Fiserv Case-Shiller released […]

Second Mortgages Modified While First Mortgage Foreclosures Continue: Big Banks’ Mortgage Shell Game Exposed by NYT Editorial

| February 19, 2013

In Florida, when considering foreclosure issues, most discussions relate to first mortgages.  However, there are many, many homes here in Florida that have more than one mortgage, and these “second mortgages” are now getting some well-deserved attention in the national spotlight as the New York Times published an editorial this week entitled, “The Second-Mortgage Shell […]

5 Things To Consider With the Deed In Lieu of Foreclosure for Underwater Mortgages Offer by Fannie Mae and Freddie Mac That Debuts March 1, 2013

| January 31, 2013

On Tuesday, we discussed the details of the new Fannie Mae and Freddie Mac offering that becomes effective on March 1, 2013: both Fannie Mae and Freddie Mac will begin taking Deeds in Lieu of Foreclosure for mortgages guaranteed by their programs that are underwater and where the home owners are current on their mortgage […]

Borrowers Sue Banks More and More: Massachusetts Supreme Court Rules for Home Owner – Foreclosing Bank Loses, Had No Standing to Foreclose on Borrower

| January 15, 2013

Borrowers are starting to file lawsuits against their mortgage lenders and banks are not only finding themselves as defendants in courtrooms across the country, they are also finding judges more than happy to rule against them and in favor of home owners and home loan borrowers. Which is what happened this week in Massachusetts, when […]

Mortgage Debt Relief Act of 2007 Going Over the Fiscal Cliff? Florida Underwater Mortgages, Florida Foreclosures, and Florida Short Sales Watching as FIT Exemption Fails to Get Extension

| December 24, 2012

The Mortgage Debt Relief Act of 2007 will expire a few days from now unless a miracle happens – we’ve been concerned about the impact this federal income tax exemption disappearing will have upon Florida home owners, those with underwater mortgages, and the Florida economy as a whole for a while now – and, unfortunately, it’s […]

Will Florida Home Owners Get a Home Loan Mortgage From Walmart? Walmart, Paypal, CostCo and Others Moving into Banking Business: Will Florida Law Protections Be There for You Too? Maybe Not.

| December 11, 2012

People in Florida, particularly South Florida, have learned a lot about how banks work just by reading their newspaper or watching the news.  There have been countless stories written and so much other media coverage of the banking industry related to foreclosure hijinks, including robosigning and mortgage fraud.  This media coverage has exposed more than […]

Do You Need a Lawyer for a Florida Mortgage Home Loan Modification or Will a Florida Realtor or Do It Yourself Site for Loan Modifications Be Enough? Florida Loan Modification Attorneys See Bad Things Happening.

| December 6, 2012

It’s a bad economy and we all know it.  Florida real estate attorneys are particularly aware of tightened belts and downsizing lifestyles as more and more people have come to us not to buy real estate but to deal with real estate problems: foreclosures, real estate fraud, bad debt collection practices on mortgages, and things […]

Florida Mortgage Loan Modifications Denials and Modification Appeals: Submission and Re-Submitting of Loan Modifications in Fraud-Filled Florida Real Estate Marketplace To Get Your Deal Done

| December 4, 2012

Loan modifications of home loan mortgages are in the news these days — and lots of these home loan modification stories are scary horror stories that are filled with all kinds of villains taking advantage of good people for money.  It’s greed, in several different forms.  Loan modifications should be straight-forward and pretty easy to […]