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State Attorney Generals Settlement With Banks – How are the Homeowners Helped Here? They’re NOT.

The attorneys general of all fifty states banded together last October to form a united front in the investigation into widespread foreclosure fraud in this country.  Now, their efforts are being made public, as it’s being announced that proposals are in place...

Underwater Mortgages in Florida: What Are They, What Can You Do If You’re Underwater in Your Mortgage?

Underwater mortgages are those situations where the homeowner is said to hold “negative equity” in his property — he is “upside down” — because he owes more to the lender than he can get if were to sell the property. Which makes it...

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...

Bankers Warned to Think Twice Before Going After Deficiency Judgments After Last Week’s News of Overestimated Number of Strategic Defaults

Deficiency judgments are sometimes sought in lawsuits brought by banks when a home goes through a foreclosure sale and afterwards there is still an amount left owing on the mortgage note.  Being left with money still owed to the financial institution after already...