by Larry Tolchinsky | Florida Condominium Law, Florida Corporations, Florida Foreclosures, Florida Law, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Local Lawyers, Short Sales, Underwater Mortgage, Wrongful Foreclosure
Today, another federal report was released, this time from the Office of the Comptroller of the Currency: seems that mortgage delinquencies are rising again. Which means that many people are not making that monthly mortgage payment. As the Wall Street Journal... by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Real Estate, Underwater Mortgage, Wrongful Foreclosure
In an article written by Jessica Silver-Greenberg for the Wall Street Journal and shared at Yahoo! Finance, “”House Is Gone but Debt Lives On,” a big, bright national media spotlight shines on the very issue that has been the subject of many of our... by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Real Estate, Underwater Mortgage
Underwater mortgages are a serious problem here in South Florida. When home loan balances are higher than the fair market value of the home itself, the homeowner is “upside down” on his or her mortgage. This scenario increases the temptation for the... by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Real Estate, Short Sales, Underwater Mortgage
Earlier this week, RealtyTrac released its second quarter U.S. Foreclosure Sales Report which confirmed the statistics released earlier by Moody’s Investor Service (discussed in last week’s post) insofar as pre-foreclosure short sales are increasing in... by Larry Tolchinsky | Florida Foreclosures, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Local Lawyers, Predatory Lending, Real Estate, Real Estate Appraiser, Underwater Mortgage, Wrongful Foreclosure
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... by Larry Tolchinsky | Appraisal Fraud, Florida Foreclosures, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Predatory Lending, Real Estate, Short Sales, Underwater Mortgage, Wrongful Foreclosure
You obtained a home loan – maybe several years ago. You are suspicious that something wasn’t right about that deal. Maybe you’re living in your home, paying that mortgage payment every month, and just wondering about it. Maybe you have an...
