Recent Posts in Deed-in-Lieu of Foreclosure Category
Posted on May 31, 2011 By Deborah A. Carman, Esq.
I"m writing this only because I received a letter today (see below) from my clients thanking my firm and felt it should be shared with everyone. My clients were in an extremely bad situation; ...
Continue reading "Three Mortgages, a Deed-In-Lieu of Foreclosure, No Deficiency and an $11,000.00 Check?" »
Posted on Apr 14, 2011 By Deborah A. Carman, Esq.
Unlike California, Florida does not have an anti-deficiency law. You may face hundreds of thousands of dollars in debt from a deficiency judgment if you let the bank foreclose or did not get a waiver ...
Continue reading "Foreclosure, Short Sale… you could be faced with thousands of dollars in debt!" »
Posted on Dec 29, 2010 By Deborah A. Carman, Esq.
Of course you should. Why would anyone even ask such a question? We are faced with the worst housing market collapse since the Great Depression, 6.92 million U.S. properties are delinquent or in ...
Continue reading "If I’m at risk of losing my home, should I hire an attorney?" »
Posted on Nov 27, 2010 By Admin
If it's not bad enough to lose your home to foreclosure, you may still be liable for the deficiency amount. That's the difference of what's owed on your mortgage loan and what the bank could sell for ...
Continue reading "UNDERWATER? You can get out without a deficiency judgment." »
Posted on Jul 13, 2010 By Deborah A. Carman, Esquire
Just a few short weeks ago, Fannie Mae issued an outright threat to homeowners in this country by creating a new rule that would punish anyone who stops paying their mortgage and walks away from their ...
Continue reading "Walking away from your mortgage is bad for Fannie Mae and the banks, NOT YOU! " »
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 " »
Posted on May 17, 2010 By Carman Law Firm, P.A.
According to CBS it's estimated that at least 1 million homeowners who can afford to pay their mortgage chose to simply walk away last year. CLICK HERE to watch the video According to 60 Minutes, more ...
Continue reading "One Report After Another… Are Strategic Defaults Here to Stay?" »
Posted on May 7, 2010 By Deborah A. Carman, Esquire
In this country a lender choosing to modify your mortgage is a voluntary act, not law . HAMP, the Homeowners Affordability Mortgage Program, also known as the Making Home Affordable Program MHA and/or ...
Continue reading "HAMP, Homeowners Affordability Mortgage Program is not a law!" »