by Larry Tolchinsky | Florida Foreclosures, Florida Real Estate, Real Estate, Short Sales
Recently, there has been an increase in the number of short sales of homes facing foreclosure. According to a recent article in The L.A. Times entitled “Short sales grow as a cheaper alternative to foreclosure,” short sales have quadrupled during the first 9 months... by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Real Estate, Foreclosure Fraud, Wrongful Foreclosure
The sad reality of today’s housing market is that a vast majority of homeowners are unaware that lawyers around the country are raising defenses that are effectively stopping mortgage foreclosures in their tracks. Banks are hoping that this message doesn’t reach the... by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures
I have written several blog posts relating to foreclosure and deficiency judgments. Generally, most of the people who are in foreclosure have very little assets outside of their home and most are unemployed, which makes the possibility of a deficiency judgment... by Larry Tolchinsky | Deficiency Judgments
Insight from attorney Larry Tolchinsky contributed to a recent article on Bloomberg.com entitled “Lenders Pursue Mortgage Payoffs Long After Homeowners Default.” The article, written by Kathleen M. Howley, summarizes the concept of deficiency judgments and raises the... by Larry Tolchinsky | Deficiency Judgments, Florida Real Estate
A deficiency in the Florida mortgage foreclosure setting is the difference between the value of a lien on real property (the amount due to fully satisfy a debt) and the price obtained by the creditor-mortgagee after foreclosing on the property. For example, if you owe...
