Larry Tolchinsky | July 1, 2014
Here in Florida, more and more deficiency judgment collection efforts are being pursued by lenders and debt collectors, even though the associated foreclosure or short sale happened several years back. And, to make matters worse, and confusing, Florida borrowers have been receiving 1099s (a/k/a IRS Form 1099) from their lender related to their deficiency. What […]
Larry Tolchinsky | April 15, 2014
Last Update: 3/1/18 In Florida, particularly South Florida, families want to own a home; retirees want to buy a condo or townhouse; investors from around the country and world want investment property, including rentals; and vacation homes in or near the water are a dream of almost everyone. For most buyers, the purchase of a […]
Larry Tolchinsky | February 4, 2014
The impact of a foreclosure upon a family and its financial future has been the subject of many studies over the last several years, particularly after the recent Housing Crisis hit the United States. (For example, read the 2011 study by a Federal Reserve economist about “The Post-Foreclosure Experience of US Households.”) The logical thing […]
Larry Tolchinsky | January 28, 2014
Last Update: 04/18/16 In recent years, most of us in South Florida have become all too aware of real estate “flipping” — where a distressed home is purchased by an investor who goes into the deal with the idea of doing some improvements to the place and then reselling the place for a profit. It’s […]
Larry Tolchinsky | October 1, 2013
Beginning this morning at 9:00 am, the Florida Hardest Hit program sprang back to life, accepting new applications for the federal principal reduction program that promises Florida home owners burdened with underwater mortgages a decrease of up to $50,000 in their mortgage loan balance. That’s right: under the Florida Hardest Hit plan, Florida mortgages can […]
Larry Tolchinsky | September 19, 2013
Last Update: 02/24/16 All experienced Florida foreclosure defense lawyers know that the national Foreclosure Mortgage Settlement Agreement contains a provision that mandates that lenders not go forward with a foreclosure if there is an alternative in the works for that home loan (for example, a loan modification or short sale is being negotiated). You may […]
Larry Tolchinsky | August 20, 2013
Last Update: 02/24/16 In a recent news article, it was reported that there is a “stigma” surrounding the Short Sale option in buying a home these days. CBSNews reported with a story entitled, “Is there a stigma with home “short sales”?” (Read the coverage here). In fact, a Fort Lauderdale area realtor was interviewed for […]
Larry Tolchinsky | March 12, 2013
Across the country, according to news reports, more and more home owners are opting to try and sell their homes themselves instead of working with a realtor or real estate agent to help them get their home sold. Why? One of the biggest reasons is cost: with real estate prices being what they are, many […]
Larry Tolchinsky | February 28, 2013
Florida home owners fighting foreclosure, and foreclosure defense attorneys, and Florida lawyers helping with short sales for that matter, may need a bit of good news after dealing with the ramifications of the Florida Supreme Court’s decision in Pino v. Bank of New York this month – and we’re getting some from lawmakers in Tallahassee […]
Larry Tolchinsky | February 12, 2013
Across the country, there’s lots of positive feedback about Fannie Mae’s “HomePath for Short Sales” where any Fannie Mae-owned home loan can be escalated by the realtor – and once this happens, Fannie Mae people enter the transaction to work directly with the mortgage servicer as well as the realtor to get things resolved and […]
