Blog Posts in March, 2011
Posted on Mar 28, 2011 By Admin
By Kimberly Miller and Christine Stapleton Palm Beach Post Staff Writers He once lived just steps from the ocean in a home valued last decade at more than $500,000 . But John Ericksen has fallen - far ...
Continue reading "FORECLOSURES’ HIDDEN RISK: DEBT THAT HAUNTS FOR TWO DECADES" »
Posted on Mar 28, 2011 By Deborah A. Carman, Esq.
Unlocking the Secrets of the Net Present Value Test Our office receives daily calls from homeowners who have become frustrated as their loan modification process either drags on with no end in sight ...
Continue reading "Don’t Let HAMP, Hamper Your Life!" »
Posted on Mar 25, 2011 By Admin
The Law Offices of Marshall C. Watson , P.A. in Fort Lauderdale agreed to a $2 million payment and operating restrictions in a settlement of an investigation by the Florida Attorney General’s Office. ...
Continue reading "Florida settles with Fort Lauderdale firm over foreclosures" »
Posted on Mar 23, 2011 By Admin
Number of Florida lawyers under investigation for foreclosure-related wrongdoing grows By Kimberly Miller - Palm Beach Post Staff Writer Florida Bar President Mayanne Downs predicts some Florida ...
Continue reading "Florida Lawyers Under Investigation Grows" »
Posted on Mar 23, 2011 By Admin
Broward County is now requiring a ten-day notice to cancel residential foreclosure auctions, a move that certainly could pose major problems for homeowners, especially those that are trying to ...
Continue reading "Broward County Now Requires Ten-Day notice to cancel foreclosure sales" »
Posted on Mar 23, 2011 By Admin
There are no words to describe this one... Embattled foreclosure attorney David J. Stern has filed about $15 million in claims against eight lenders he formerly represented. Stern recently filed eight ...
Continue reading "David Stern strikes back, sues banks" »
Posted on Mar 22, 2011 By Admin
Les Christie, staff writer It's not always easy to feel sorry for sunny Florida. But it just got hit with another blow. On Friday March 18, 2011, 4:14 pm EDT On Thursday, the Census Bureau revealed ...
Continue reading "Nearly 20% of Florida homes are vacant, prices fall another 11%, expected recovery '2030'" »
Posted on Mar 21, 2011 By Deborah A. Carman, Esq.
An article published yesterday in the Sun-Sentinel " Companies filing more lawsuits over credit card debt in South Florida " really spells out what I tell potential clients every day; if you ignore it ...
Continue reading "The Risk of Ignoring Collection Notices" »
Posted on Mar 20, 2011 By Deborah A. Carman, Esq
He owns a successful company and she has a sales job taking home a six-figure salary, yet they are in foreclosure. But unlike countless other Americans faced with losing their homes, this couple could ...
Continue reading "Underwater – Is Strategic Default the only way out!" »
Posted on Mar 14, 2011 By Admin
The WikiLeaks-allied hacker group Anonymous has posted a series of emails purported to be from a former Bank of America employee, which the organization says prove "corruption and fraud" at the ...
Continue reading "Bank Of America Anonymous Leak Alleges 'Corruption And Fraud'" »
Posted on Mar 12, 2011 By Admin
If you sue someone in Florida but then stop pursuing your case for over a year, the court has the right to dismiss the lawsuit for failure to prosecute. In one division of Florida’s 20 judicial ...
Continue reading "Florida Courts Dismissing Many Foreclosure Cases" »
Posted on Mar 11, 2011 By Admin
The recession is hitting Valley families hard and its not uncommon to see those losing their homes also lose their families to divorce from the stress. Bob Burger, certified divorce financial analyst ...
Continue reading "Financial hardships like foreclosure can lead to divorce" »
Posted on Mar 10, 2011 By Deborah A. Carman, Esq.
Although Florida's foreclosure filings continued to plummet in February, dropping about 65 percent compared with the same time last year it's not because the banks want to help you or it's some signal ...
Continue reading "Big drop in foreclosures, but it's only a brief reprieve" »
Posted on Mar 10, 2011 By Admin
The Federal Trade Commission is investigating Ocwen Financial Corp., which has turned over documents relating to the company’s home loan servicing and foreclosure activities. Ocwen, which has 245 ...
Continue reading "Ocwen targeted by FTC for scrutiny" »
Posted on Mar 9, 2011 By Admin
Showing resistance for the first time against government pressure to write off tens of billions worth of mortgage debt, Bank of America executives said on Tuesday that the idea was unworkable and ...
Continue reading "Bank Chief Rejects Idea of Reducing Home Loans" »
Posted on Mar 8, 2011 By Deborah A. Carman, Esq.
Our client a single woman has like most Floridians been caught in the nasty grip of this bad economy. She had visited our office for a consultation in the hope that we could save her home since as she ...
Continue reading "Judge Grants Motion to Dismiss in Bank of New York Mellon Foreclosure Case" »
Posted on Mar 8, 2011 By Admin
The many woes of Florida’s housing market are well-known: hundreds of thousands of foreclosures, millions of underwater mortgages and a four-year trail of depreciating property values. Florida ...
Continue reading "Florida legislature to consider new real estate laws" »
Posted on Mar 7, 2011 By Deborah A. Carman, Esq.
Last night's 60 Minutes episode documented the foreclosure crisis through interviews with the children whose lives have been torn apart by the policy decisions of our government. There is a whole cast ...
Continue reading "The Suffering Brought On By the Foreclosure Crisis" »
Posted on Mar 7, 2011 By Admin
A prominent Florida lawyer accused of mishandling many foreclosure cases in that state is shutting down his foreclosure law practice at the end of the month, a regulatory filing shows. The decision by ...
Continue reading "Florida lawyer David Stern ends foreclosure law practice" »
Posted on Mar 4, 2011 By Admin
While the housing crisis is what triggered the economic downturn and pushed so many lenders under early on in the receession, it seems the biggest threat has now shifted from residential mortgages to ...
Continue reading "Home Loans Less of a Toxic Threat than Commercial Real Estate" »
Posted on Mar 3, 2011 By Admin
Lisa Goodner, Florida courts administrator, says residential mortgage foreclosures in Florida will double to roughly 365,000 in state fiscal year 2011-12, which begins July 1. Another expert predicts ...
Continue reading "Foreclosure outlook grim" »