Jon Coats Law Blog

Jon Coats Law Blog header image 4

Entries Tagged as 'litigator pinellas park florida'

Some of Obama’s mortgage refinancing proposals will bypass Congress

February 27th, 2012 · No Comments · Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Kenneth R. Harney |  tampabay.com   “Primer on proposed refinancing package WASHINGTON — Though it was pronounced dead-before-arrival by opponents on Capitol Hill, President Barack Obama’s new mortgage refinancing package contained far more than legislative proposals. Significant portions of it that have received little media coverage require no prior approval from a hyperpartisan [...]

[Read more →]

Tags:··············

Finding a place to live after losing your home

February 27th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Leonard Baron, Zillow   “If you are in the unfortunate financial position where you are losing your home due to foreclosure or short sale, your credit score is probably going to take a pretty hard hit. In “normal times,” this could make it really tough to rent your next place of residence. Luckily, these are [...]

[Read more →]

Tags:·····················

Billboard House Advertises a Way Out of the Housing Crisis

February 24th, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet By Kent Zelas |    “Scott Hostetler didn’t bother to tell his family that he’d applied online to have their house in Buena Park, Calif., turned into an advertising billboard for the price of their monthly mortgage payment. He figured that it was like taking a chance on the lottery — and who ever expects [...]

[Read more →]

Tags:·························

What the foreclosure settlement means for you

February 11th, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet By Les Christie | @CNNMoney   “The nation’s five largest banks have finally struck a deal with 49 states to settle charges of abusive and negligent foreclosure practices dating back to 2008. Under a deal announced Thursday, the banks will commit $26 billion to help underwater homeowners and compensate those who lost their homes due to [...]

[Read more →]

Tags:·························

Mortgage relief: Partial solution better than none

February 7th, 2012 · No Comments · Foreclosure, News

Tweet By John Schoen | http://bottomline.msnbc.msn.com   “As the clock ticks down on year-long negotiations on a sweeping mortgage relief settlement, the architects of the joint state-federal plan believe it would be better for homeowners to get a partial deal than nothing at all, according to sources close to the talks. Facing a Monday deadline, attorneys general in all 50 [...]

[Read more →]

Tags:·····················

Proposed mortgage settlement offers little relief for homeowners

January 25th, 2012 · No Comments · Commercial Loans, Foreclosure, loan modification, News, Real Estate Law, Uncategorized

Tweet By John W. Schoen, Senior Producer | msnbc.com “A proposed $25 billion settlement between five big banks, state attorneys general and the Obama administration may help resolve some of the thornier legal issues surrounding the mortgage mess that caused the housing market to collapse. It will do relatively little to stop the ongoing wave of [...]

[Read more →]

Tags:··················

Bank of America agrees to $335M mortgage settlement

December 30th, 2011 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Uncategorized

Tweet By: Tampa Bay Business Journal   “Bank of America agreed to pay $335 million to settle allegations that Countrywide Financial discriminated against black and Hispanic mortgage borrowers. The alleged discrimination happened before BofA purchased Countrywide in 2008, according to the Charlotte Business Journal. Bank of America (NYSE: BAC), based in Charlotte, N.C., is the largest bank by deposit [...]

[Read more →]

Tags:··················

5 nasty surprises that can stop your home purchase cold

December 5th, 2011 · No Comments · loan modification, News, Short Sales, Uncategorized

Tweet By Marilyn Lewis of MSN Real Estate: “When a seller wants to sell a home and finds a buyer who wants to buy it, you’d think they’d have a deal. What could go wrong? These days, plenty. In this tough financial climate, there are both longstanding pitfalls and a crop of new ones. At best, these can [...]

[Read more →]

Tags:···············

Barbershop investigators moved to help with backlog of real estate cases

November 26th, 2011 · No Comments · News, Real Estate Law, Uncategorized

Tweet By Mark Puente, Times Staff Writer   “They were trained to check for head lice in combs. Now they will tackle a backlog of real estate investigations. State regulators have pulled five investigators out of the state’s barbershops to help supplement 33 other Department of Business and Professional Regulation investigators already working more than 700 [...]

[Read more →]

Tags:······················

Florida bank failures cost FDIC $10 billion

October 29th, 2011 · No Comments · Commercial Loans, Foreclosure, loan modification, News, Real Estate Law, Uncategorized

Tweet by Jeff Ostrowski | Palm Beach Post   “ore than 50 Florida-based banks have failed since August 2008, and the fallout has totaled $10.1 billion to the Federal Deposit Insurance Corp.’s Deposit Insurance Fund, by my calculations. BankUnited’s outsized failure accounted for nearly half those losses, but Orion Bank and Peoples First Community Bank [...]

[Read more →]

Tags:···············