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... by Larry Tolchinsky | Florida Foreclosures, Florida Homestead, Florida Real Estate, Real Estate, REO (Real Estate Owned), Short Sales
Two of the biggest national lenders, Chase and Wells Fargo, are finding ways to encourage their homeowners to sell their distressed properties before they go into foreclosure, according to a news story written by Paul Owers of the Sun Sentinel entitled, “Chase,... by Larry Tolchinsky | Florida Condominium Law, Florida Domicile, Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Underwater Mortgage, Wrongful Foreclosure
Underwater mortgages are those situations where the homeowner is said to hold “negative equity” in his property — he is “upside down” — because he owes more to the lender than he can get if were to sell the property. Which makes it...
