by Larry Tolchinsky | Appraisal Fraud, Florida Foreclosures, Florida Real Estate, Foreclosure Fraud, Wrongful Foreclosure
The Federal Bureau of Investigation keeps track of all sorts of crime, including Mortgage Fraud, and every year since 2006 it releases its annual report on how bad mortgage fraud is in the United States. This week, the FBI’s 2010 Mortgage Fraud Report was... by Larry Tolchinsky | Florida Foreclosures, Florida Law, Foreclosure Fraud, Home Loan Fraud, Series - Foreclosure Fraud, Wrongful Foreclosure
Here, the second in a series of posts explaining the hows and whys of ForeclosureGate and the Florida Home Loan Fraud crisis: Part 2. Things Get Lost: Lenders Lose Key Documents in Gleeful Days of Making More and More Money Now that banks had discovered that they... by Larry Tolchinsky | Florida Foreclosures, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Local Lawyers, Predatory Lending, Real Estate, Real Estate Appraiser, Underwater Mortgage, Wrongful Foreclosure
In a loan modification, the original note’s terms are revised (monthly payment amount, interest rate, etc.) and the revisions become effective once everyone signs the modification agreement. For a home loan in South Florida, that means the home owners whose... by Larry Tolchinsky | Appraisal Fraud, Florida Foreclosures, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Real Estate, Series - Foreclosure Fraud, Wrongful Foreclosure
Here, the first in a series of posts explaining the hows and whys of ForeclosureGate and the Florida Home Loan Fraud crisis: Part 1. How It All Began, Remembering Traditional Mortgage Practices and that First Smell of More Profit Long before ForeclosureGate, when the... by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Home Loan Fraud, Real Estate, Wrongful Foreclosure
One consequence of a Wrongful Foreclosure case, relates to the issue of clear title: the banks and mortgage lenders may not have it to convey to a buyer of the property. As we all know, title to real estate is recorded in our public records because being able to trace...
