by Larry Tolchinsky | Florida Condominium Law, Florida Corporations, Florida Foreclosures, Florida Law, Foreclosure Fraud, Home Loan Fraud, Loan Modification, Local Lawyers, Short Sales, Underwater Mortgage, Wrongful Foreclosure
Today, another federal report was released, this time from the Office of the Comptroller of the Currency: seems that mortgage delinquencies are rising again. Which means that many people are not making that monthly mortgage payment. As the Wall Street Journal... 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... 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 Domicile, Florida Foreclosures, Florida Homestead, Florida Real Estate, Loan Modification, Real Estate, Short Sales, Underwater Mortgage
In yesterday’s Miami Herald, there is a report of a St. Lucie West homeowner who just received his property insurance premium bill and discovered that it has jumped from $1092 to $2715; the news story does the math – that is a 152% increase for this...
