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

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...

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

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...

Florida Legislature Annual Session Begins Today: Proposed Laws That Impact South Florida Home Owners In a Big Way Are on the Table

Today, the 60-day annual session of the Florida Legislature begins, and the entire country is watching.  The next nine weeks are going to be a very important time for Floridians, especially Florida home owners. Things began with Governor Rick Scott’s State of...

Florida Short Sales Target of Federal and State Legislation: New Proposed Laws to Help Florida Home Owners Trying to Short Sell Their Home

Florida home owners fighting foreclosure, and foreclosure defense attorneys, and Florida lawyers helping with short sales for that matter, may need a bit of good news after dealing with the ramifications of the Florida Supreme Court’s decision in Pino v. Bank of...

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

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...

South Florida Foreclosure Defense Lawyers’ New Nemesis is The Robo-Witness: Bank Custodian of Records Without Personal Knowledge of the Loan Documents is Giving Hearsay Testimony

Today, RealtyTrac is making the national news again with its report that the State of Florida has more than twice the number of foreclosure actions as any other state in the country.  According to its U.S. Foreclosure Market Report™ for January 2013 (released this...