by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Real Estate, Underwater Mortgage
Underwater mortgages are a serious problem here in South Florida. When home loan balances are higher than the fair market value of the home itself, the homeowner is “upside down” on his or her mortgage. This scenario increases the temptation for the... by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Local Lawyers, Real Estate, Wrongful Foreclosure
Here in South Florida, odds are high that you or your neighbor or your friend have your home mortgage with Bank of America. Why? Bank of America holds not only mortgage notes that Bank of America made with its customers, but also mortgages made awhile back by... by Larry Tolchinsky | Florida Foreclosures, Florida Law, Foreclosure Fraud, Series - Foreclosure Fraud, Wrongful Foreclosure
Here, the fourth in a series of posts explaining the hows and whys of ForeclosureGate and the Florida Home Loan Fraud crisis: blatant acts of fraud are performed by lenders, lawyers, and others who should know better. As the number of homeowners defaulting on their... by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Real Estate, Short Sales, Underwater Mortgage
Earlier this week, RealtyTrac released its second quarter U.S. Foreclosure Sales Report which confirmed the statistics released earlier by Moody’s Investor Service (discussed in last week’s post) insofar as pre-foreclosure short sales are increasing in... by Larry Tolchinsky | Florida Foreclosures, Florida Law, Florida Real Estate, Loan Modification, Local Lawyers, Real Estate, Short Sales
According to Moody’s Investors Service, short sales of homes that are at risk of foreclosure (called “distressed properties’) grew to 25% of all liquidations of distressed properties by mid-2011, which is a big jump from two years ago when they were...
