Recent Posts in Short Sale Category
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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 Jan 23, 2011 By Deborah A. Carman, Esq.
If you're pouring all of your disposable income ( the amount of income left to an individual after taxes have been paid, available for spending and saving ) into your mortgage secured by a home that's ...
Continue reading "Is it ‘YOUR’ time to Bailout?" »
Posted on Jan 14, 2011 By Deborah A. Carman, Esq.
As busy as I may be I couldn't help myself, there could not have been better timing. No more than I published ' So, who would have you believe that Florida's Housing Prices WILL come back ?' I come ...
Continue reading "PART TWO: So, who would have you believe that Florida’s Housing Prices WILL come back? " »
Posted on Jan 5, 2011 By Deborah A. Carman, Esq.
Although the statewide data was incomplete, it undoubtedly indicates that Florida's Foreclosure Mediation Program has failed. As I anticipated from its inception, the Foreclosure Mediation Program has ...
Continue reading "Florida's Foreclosure Mediation Program produces little results" »
Posted on Jan 1, 2011 By Deborah A. Carman, Esq.
After more than four years of plunging home values hundreds of thousands of Florida homeowners will begin another New Year owing more on their mortgages then their homes are worth. For those of you ...
Continue reading "Foreclosure Crisis will continue through 2011" »
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 Dec 22, 2010 By Admin
Hire a debt relief and foreclosure defense attorney … The ongoing banking crisis is a perfect opportunity to literally engage the bank in a sort of a hand to hand combat. I'm pretty sure we all have ...
Continue reading "It’s a New Year, I’m Underwater, No Modification, now what do I do?" »
Posted on Dec 2, 2010 By Admin
Over the past couple of years, lenders and federal policy makers have pointed to short sales as a way to revive declining housing market while at the same time helping troubled borrowers to avoid ...
Continue reading "Second Mortgages Stand in Way of Short Sales" »
Posted on Nov 29, 2010 By Admin
Strategic default is a process by which homeowners that can afford to continue making their monthly mortgage payments, make a calculated financial decision to default on their mortgage in order to ...
Continue reading "Strategic Default is increasing for those who have no choice. " »
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 Oct 4, 2010 By Admin
Wells Fargo will no longer delay foreclosure proceedings in hopes that a short sale deal will come through. According to an American Banker report, the bank has stopped granting extensions for ...
Continue reading "Wells Fargo Puts a Stop to Short Sale Extensions" »
Posted on Sep 9, 2010 By DEBORAH A. CARMAN, ESQ.
Even after losing your home to foreclosure, the lender or a debt collector may come knocking at your door, looking for money. I recently read an article on how deficiency judgments in Lee County are ...
Continue reading "Foreclosure deficiency judgments on the rise " »
Posted on Sep 3, 2010 By DEBORAH A. CARMAN, ESQ.
Homeowners considering a short sale should be mindful that most real estate salespeople and self-proclaimed short sale experts do not warn a homeowner of the risks involved with a short sale. Click ...
Continue reading "Another WARNING to Florida Homeowners about Deficiency Judgments" »
Posted on Sep 2, 2010 By Admin
A rising number of commercial property owners are among a new wave of property owners seeking to avoid foreclosure. Hiring an experienced foreclosure defense attorney is the first step for a business ...
Continue reading "Foreclosure help available for commercial property owners" »
Posted on Aug 24, 2010 By Admin
A recent article in the New York Times reported on how the rich, from Miami to Beverly Hills, are surrendering their homes to foreclosure and simply walking away from what they view as a bad ...
Continue reading "Consulting with an attorney is the best option " »
Posted on Aug 18, 2010 By Admin
The Carman Law Firm, one of South Florida's most experienced foreclosure defense firms is happy to announce that it has negotiated on behalf of one of its many real estate investor clients a short ...
Continue reading "Carman Law Firm finalizes short sale for its investor client" »
Posted on Aug 13, 2010 By DEBORAH A. CARMAN, ESQ.
Over the past several months I've noticed a trend that I believe needs to be addressed. It involves homeowners that have their mortgage with Bank of America and are forced, due to financial hardship, ...
Continue reading "Bank of America, Short Sales and Equator" »
Posted on Aug 7, 2010 By Admin
The Carman Law Firm, one of South Florida's most experienced foreclosure defense firms is happy to announce that it prevented foreclosure for another of its many real estate investor clients by not ...
Continue reading "Carman Law Firm negotiates short sale with a full release of deficiency and settles 2nd mortgage at 10% of its principal balance" »
Posted on Jul 25, 2010 By Deborah A. Carman, Esquire
Finally your realtor and so-called short sale expert has completed your short sale; what a relief, you didn't have to pay the realtor, you didn't have to incur the cost of an attorney, and it's ...
Continue reading "Your Short Sale is done, what a relief, or is it?" »
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 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 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 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 " »
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