Blog Posts in June, 2010
Posted on Jun 29, 2010 By Deborah A. Carman, Esquire
As a push for short sales grows ever stronger many ask themselves why someone else is getting the better deal. According to CoreLogic more than 11 million borrowers currently owe more on their ...
Continue reading "Short Sales - Why is someone else getting the better deal?" »
Posted on Jun 28, 2010 By Florida Foreclosure Defense Attorney
After announcing this week that it intends to crack down on strategic defaulters, Fannie Mae issued a servicing guide Friday implementing another new policy - requiring servicers to verify income, ...
Continue reading "Fannie Mae Mortgage Modifications Now Require Proof of Financial Hardship" »
Posted on Jun 18, 2010 By Deborah A. Carman, Esquire
Although the foreclosure mediation process has been around for many years, until recently it's been mostly voluntary and not widely publicized to homeowners throughout Florida. Borrowers who are ...
Continue reading "Understanding Florida Foreclosure Mediation" »
Posted on Jun 16, 2010 By Deborah A. Carman, Esquire
Lori Rodriguez, like many of our clients, was in danger of losing her house - until her Foreclosure Defense Attorney asked a judge to order it. The judge then forced her lender to try to work out new ...
Continue reading "Foreclosure 'tsunami' swamps South Florida courts" »
Posted on Jun 16, 2010 By Deborah A. Carman, Esquire
Fannie and Freddie appear to be reacting to the wave of walkaways: Homeowners who look at their mortgage bills and decide that they're paying too much for homes that have declined greatly in value. ...
Continue reading "Fannie Mae & Freddie Mac Reacting to Strategic Default" »
Posted on Jun 14, 2010 By Deborah A. Carman, Esquire
Hiring a realtor or real estate broker to negotiate a short sale could ruin your chances of avoiding a deficiency judgment. Your goal is to avoid the potential for the lender to seek a deficiency ...
Continue reading "What you need to know BEFORE hiring a Realtor to do a short sale of your property" »
Posted on Jun 11, 2010 By Florida Foreclosure Defense Attorney
It is imperative that homeowners understand what might happen if the final sale price for their home is less than what they owe their lenders, the Deficiency . This is even more critical if the ...
Continue reading "Understanding Short Sale Deficiencies " »
Posted on Jun 10, 2010 By Florida Foreclosure Defense Attorney
It seems to never end. Now the real estate professionals that homeowners believe they can trust and rely on are finding ways to profit from the homeowners unfortunate circumstances. Isn't it enough ...
Continue reading "Banks Face Short-Sale Fraud as ‘Flipping’ Schemes Spread" »
Posted on Jun 8, 2010 By Carman Law Firm, P.A.
The Federal Trade Commission settled charges against two Countrywide mortgage servicing companies for $108 million, which is one of the largest judgments imposed in an FTC case, and the largest ...
Continue reading "Countrywide/Bank of America Settles One of the Largest Judgments Imposed in an FTC Case" »
Posted on Jun 2, 2010 By Carman Law Firm, P.A.
This morning executives at Bank of America rolled out their new "Principal Reduction Enhancement" program, which is an earned principal forgiveness plan for borrowers behind on their mortgages and ...
Continue reading "Great News for Florida Homeowners… Bank of America Rolls out their new "Principal Reduction" Program" »
Posted on Jun 2, 2010 By Deborah A. Carman, Esquire
As recently reported many legal analysts believe that lenders will file a barrage of lawsuits over the next few years as a way to recoup their losses from deeds in lieu of foreclosure, foreclosures ...
Continue reading "Short Sales: Exposing Yourself to a Future Lawsuit " »