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Entries Tagged as 'short sale help florida'

Robo-signing controversy could derail nation’s entire foreclosure process

October 12th, 2010 · 1 Comment · Uncategorized

Tweet What began as scattered accusations of shoddy paperwork and fudged documents is mushrooming into a full-blown crisis threatening to derail the foreclosure process across the country. Bank of America on Friday became the first big bank to temporarily halt foreclosures in all 50 states while it reviews hundreds of thousands of cases for potential [...]

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Banks Foreclosing on Active Military Members—Part 2

October 8th, 2010 · No Comments · Uncategorized

Tweet Washington, in its typical fashion, is just now realizing there might be a problem. No one wants to officially come out and say there’s a problem because he or she might have to foot part of the blame. Congress only “sees” a problem once it has practically reached epidemic proportions. And lest you think [...]

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Commercial Short Sales: Seize the Moment

October 6th, 2010 · 1 Comment · Commercial Loans, Short Sales

Tweet Commercial loan defaults have risen to the highest rate since 1993, doubling 2008 rates.  The fourth quarter of last year the default rate rose to 3.8 percent compared to a 1.6 percent rate for the same quarter of 2008.  The front-runner in commercial loan default rates are loans for multi-family mortgages that rose from [...]

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FLORIDA ATTORNEY GENERAL INVESTIGATING FORECLOSURE MILLS!!

August 10th, 2010 · No Comments · Foreclosure, Uncategorized

Tweet I see it every day in my practice, i.e., foreclosing banks filing questionable documents with the court like assignments of mortgages that mysteriously show up months after the plaintiff filed the foreclosure complaint.  Heck, in some of my cases the plaintiffs file multiple conflicting assignments, signed by the same people on behalf of multiple lenders and [...]

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DON’T BELIEVE YOUR LENDER IF THEY TELL YOU NOT TO WORRY ABOUT A FORECLOSURE!!!

July 14th, 2010 · No Comments · Foreclosure, Short Sales, Uncategorized

Tweet This week alone I have had 3 clients come into my office who where either already in a loan modification trial period with their lender, or were waiting to hear back from their lender about the status of their loan modification application, when they were served with a foreclosure complaint.  All three of these clients immediately called their [...]

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A Word of Advice For Buyers Looking to Buy a “Short Sale”

July 9th, 2010 · No Comments · Foreclosure, loan modification, Short Sales, Uncategorized

Tweet Short sales in Pinellas County Florida currently make up approximately 50% of residential real estate transactions.  As short sale purchase can be a opportunity for a buyer to acquire property at its true fair market value, i.e., what it is really worth in today’s market, not what it was worth back in 2004, 2005 [...]

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Served with a Foreclosure While Trying to “Short Sale” Your House? DON’T IGNORE IT!!

June 27th, 2010 · No Comments · Foreclosure, Short Sales, Uncategorized

Tweet I often get calls from homeowners who have been working with a realtor for the past several months attempting to achieve a “short sale” of their home and they are concerned about the “summary judgment” hearing that is scheduled on their foreclosure case, or even worse, a foreclosure sale date.  They are confused as [...]

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UNICORNS, LASER GUNS AND LOAN MODIFICATIONS

May 28th, 2010 · No Comments · Uncategorized

Tweet I am starting to think that I have a better chance of getting shot by a laser gun wielding monkey riding a unicorn than seeing a true loan modification.  I had a client come in  who was served with foreclosure papers just after receiving a proposed loan modification from Wells Fargo that actually increased [...]

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Wachovia Short Sales Being Transferred to Wells Fargo

October 13th, 2009 · No Comments · loan modification, Real Estate Law, Short Sales, Uncategorized

Tweet For anyone who has been negotiating short sales for client over the last couple of years, you first saw your Countrywide files get transferred to Bank of America, then WaMu files to JPMorgan Chase; and then Taylor, Bean & Whitaker files to God who know how many different servicing agents. Well, the latest transfer [...]

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