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Florida Foreclosure – Beware Banks Not Providing Proper Cancellation of Note (the “Zombie Note”): More Widespread Violations of Florida Law

Here in Florida, we have a snowball that just keeps rolling along, getting bigger and bigger: the national spotlight is finally noticing a big problem that Florida real estate attorneys representing Florida home owners in things like foreclosure defense and short sale...

Bank Foreclosure Fraud Settlement with the State Attorneys General: How Much Trickles Down to Help South Florida Homeowners? Not Much.

The joint task force investigating foreclosure fraud by banks and mortgage servicers in this country, which brought together the top attorneys for each state in the country, i.e., their Attorneys General, has made a settlement deal according to a news release by the...

Five Things To Know About The Income Tax Break For Short Sales, Foreclosures, and Loan Modifications That Ends December 2012

As discussed in our earlier post, a major tax break will end on December 31, 2012, that helps Florida home owners facing foreclosures, negotiating loan modifications, or working on a short sale of their home.  For several years, a federal law has exempted the amount...

Florida Home Owners Need to Short Sale Now Because Income Tax Benefit Goes Away End of 2012: The Mortgage Debt Relief Act of 2007 Expires This Year

Florida home owners concerned about foreclosure and pondering a short sale should get busy and get that short sale process started.  Why?  There is a countdown to the expiration date of a federal law that will impact them badly if they wait until after the end of 2012...

How the Federal Servicing Alignment Initiative Helps Florida Home Owners Wanting to Short Sale

The Federal Housing Finance Agency (FHFA) implemented the federal Servicing Alignment Initiative last year and, in 2012, this new federal incentive plan should boost the number of short sales here in Florida, which is great news for home owners wanting to avoid a...