by Larry Tolchinsky | Florida Corporations, Florida Domicile, Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Loan Modification, Real Estate, Underwater Mortgage
Would you like your mortgage to be cut in half? Well, for many mortgage holders of home loans held by Bank of America and JP Morgan Chase, it just might happen. This week, the New York Times reported that these two banks, two of the country’s biggest lenders,... 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... 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...
