by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Law, Florida Real Estate, Real Estate
It used to be when a homeowner fell into default, the bank could feel pretty secure that foreclosure proceedings would eventually lead to forfeiture of the property in question. Back then, a competent attorney could possibly forestall forfeiture of the home for a... by Larry Tolchinsky | Deficiency Judgments, Florida Foreclosures, Florida Law
Last Update: 10/10/20 A question that often comes up in my practice is whether, and to what extent, creditors can garnish a client’s wages if a deficiency judgment is sought by a creditor after foreclosure. Under §77.01, Florida Statutes, every judgment creditor has... 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...
