Foreclosure Help Fraud: 5 Tricks to Spotting Foreclosure Relief Scams When You’re Fighting Against a Florida Foreclosure or Trying to Lower That Home Mortgage Payment

| August 27, 2013

Is it the sunny summer weather here in Florida or the record-breaking number of Florida foreclosures that is so tempting to fraudsters that they come up with so many different and creative ways to con Florida homeowners (homeowners who are trying to deal with their troubled mortgage) out of their money and maybe out of […]

Flippers Making Lots of Money in South Florida: Is this Great News for Short Sale Home Owners and Florida Borrowers Fighting Foreclosure?

| August 6, 2013

This week, Moody’s is reporting on investors being concerned about how long it’s taking states with judicial foreclosure procedures (like Florida, New York, and New Jersey) to clear out all those residential foreclosures because the carrying costs of those loans impact the decisions made by investors in residential mortgage-backed securities. The longer it takes to […]

Deficiency Judgments and Past Due Condo Association Payments

| June 4, 2013

In Florida, one result of the past few year’s foreclosure fraud crisis has been chaos for condo associations across the state as Florida condo unit owners have become delinquent in paying assessments. Often, strapped condo owners make arrangements with their lenders regarding deficiency judgments but fail to do the same with their condo associations.  It’s […]

Infographic: Troubled Asset Relief Program (TARP) As of March 2012 Per Congressional Budget Office

| May 2, 2013

HAMP Trial Period Plan Lawsuits: Borrowers Sue Banks for Failing to Do the Right Thing in TPP Loan Modification as Lenders Fail To Follow HAMP Requirements

| April 30, 2013

Florida homeowners, and borrowers across the country, are no longer considering HAMP (Home Affordable Modification Program) to be the big success that it was touted to be by the Treasury Department when it debuted back in 2009.  HAMP, as you may recall, was a part of the MakingHomeAffordable program which describes itself as: The Making […]

What is Happening With Foreclosures in South Florida Real Estate Right Now? Are We Still in a Big Mess? – Consider These Reports

| April 23, 2013

How is the Florida foreclosure market doing right now?  Some are reporting optimistic viewpoints – we’re out of the woods, they claim: everything is getting better every day. Meanwhile, for those working with Florida home owners and Florida borrowers in the current South Florida real estate market, it’s not that rosy.  Here’s why:   Proposed […]

What Happens When Out of State Homeowners Who Owned Florida Real Estate Face Bank Collection Efforts in Their Home State (or Country) Because of a Florida Foreclosure Judgment?: Domesticating Judgments

| April 16, 2013

For those who live outside of the State of Florida but who own or owned Florida real estate subject to foreclosure, the possibility of that foreclosure’s deficiency judgment being collected in your resident state is real. Florida Deficiency Judgments Have Five Year Statute of Limitations Deadline Deficiency judgments?  We’ve written a lot about deficiency judgments […]

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 […]

Underwater Mortgages in Florida and the United States: New CoreLogic Negative Equity Report Reveals Slow Recovery for Home Owners with Underwater Mortgages

| March 19, 2013

Underwater: it’s a scary term for many real estate owners here in South Florida, and it’s a major concern for many who pay their mortgage payment each month, knowing full well that the amount on the home loan is so much greater than the current value of the home itself. It’s a continuing dilemma:  is […]