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Florida Short Sales, Deficiencies, and Taxes: Will 2012 Fiscal Cliff Bring End to Income Tax Forgiveness on Deficiencies or Will Florida Short Sales in 2013 Have Forgiven Mortgage Debt as Taxable?

For many months now, we’ve been monitoring the FIT situation for underwater mortgages, as well as those homeowners facing foreclosure, regarding Florida short sales and the current income exclusion from federal income taxes.  In short, back in 2007 a law was...

Florida Bank Reject Your Loan Modification? It Seems to be Happening to Lots of South Florida Homeowners: What’s Up? In Other States, Home Owners Are Suing Banks for Failed Modifications

Sitting in an office where lots of people call on the phone, send emails to us, and come in for a visit — all related to foreclosure issues or underwater mortgages in South Florida, it may well be that we have a different view on things than some other people. ...

South Florida Bankruptcies Spike – Foreclosure Settlement Monies Still in Tallahassee: Broward County Mortgages Still Need Foreclosure Defense Lawyers

After some skirmishing up in Tallahassee, representatives of the Florida House and the Florida Senate have aligned with Florida Attorney General Pam Bondi in a joint announcement this week which outlined Ms. Bondi’s plan on what to do with $300 million from the...

Florida Strategic Defaults: Attitudes Are Changing and Strategic Defaults on Underwater Mortgages May be On the Rise in Florida – Why You Need a Lawyer in a Strategic Default

Last week, TIME Magazine’s Martha C. White wrote an article asking the following question, “Is the Stigma of Ditching Your Underwater Mortgage Fading? ” and the conclusion reached in that piece shouldn’t be much of a surprise to most anyone...