by Larry Tolchinsky | Deficiency Judgments, Florida Real Estate, Foreclosure Fraud, Wrongful Foreclosure
As a follow-up to my earlier post on deficiency judgments, I wanted to discuss some elements that I did not previously cover and which I have been asked by clients. A bank/lender that obtains a deficiency judgment, also known as a judgment creditor, has many avenues... by Larry Tolchinsky | Deficiency Judgments, Florida Real Estate, Foreclosure Fraud, Wrongful Foreclosure
A deficiency in the mortgage foreclosure setting is the difference between the value of a lien on real estate (the amount due to fully satisfy a debt) and the price obtained by the Bank after foreclosing on the property (or the fair market value of the property). Say,... by Larry Tolchinsky | Florida Real Estate
An article published in The Miami Herald yesterday, pointed to evidence that lenders are slowing the flow of foreclosures to the South Florida real estate market, thus curbing further price declines. In Miami-Dade County, lenders reportedly repossessed 756 homes in... by Larry Tolchinsky | Florida Foreclosures, Florida Real Estate
South Florida has the 10th highest foreclosure rate in the country last month, according to RealtyTrac. A large number of Floridians have refused to respond, often out of embarrassment or mistrust, to people trying to help them with their Foreclosure problems. This is... by Larry Tolchinsky | Florida Real Estate, Foreclosure Fraud, Wrongful Foreclosure
I am involved in several Florida real estate transactions for the purchase of bank owned foreclosures. These days most Florida real estate transactions are purchases of bank owned foreclosures and I can’t believe that anyone would think that things are any...