Archive for the ‘short sale’ Category
How Americans Continue To Get Screwed- Harry’s Law
Author: Matthew D. Weidner, Esq.
What is Strategic Default and Why? Why Can Mortgage Bankers Walk on Their Mortgage?
Author: Matthew D. Weidner, Esq.
What is Fraudclosure? Listen to a (former) US Congressman Explain It…
Author: Matthew D. Weidner, Esq.
Short Sale Hell- The System Stacked Against You From The Begining….
Author: Matthew D. Weidner, Esq.
Get a job, work hard, buy a home and live the American dream.
That was the mantra Amanda Powell, 26, and Justin Cichowski, 28, were chanting when they bought a two-bedroom unit in the Summerside condominium complex in May 2006.
Today, Powell and Cichowski are victims of the Great Recession’s housing slide, starting over as renters with damaged credit.
For the past five years, much of the debate about the housing crisis has pitted caricatures of irresponsible bankers against irresponsible borrowers. But Powell and Cichowski are the more typical victims.
Like so many who came of age during the boom, or were transferred to a new city or faced a life change that led to a home purchase, Powell and Cichowski did what generations before them have done. They got a job, worked hard and bought a home.
Loan Modification Scams Are A Great And Real Threat to All Homeowners- PLEASE WATCH
Author: Matthew D. Weidner, Esq.
SHORT SALES, FLORIDA ASSOCIATION OF REALTORS AND SELLER/REALTOR SHORT SALE LIABILITY
Author: Matthew D. Weidner, Esq.
Realtors across the state are exposed to massive liability every time they have consummate a short sale transaction because the previous version Short Sale Addendum form prepared by the Florida Association of Realtors completely ignores the liability faced by homeowners for a deficiency judgment.
I first altered the Realtors I work with and the Florida Association of Realtors to this problem shortly after I started seeing the prior addendum over a year ago, and it appears that they have finally accepted this message. The attached Short Sale Addendum, revised in June 2010 includes the exactly language that I have been directing my Realtor clients to use. For every Realtor and seller under contract, this addendum should be replace the prior contract that is part of the transaction
Short sales still present massive liability for all parties and it is absolutely critical that sellers and all agents involved in these transactions obtain the advice of an experienced foreclosure defense attorney. Review my blog and contact me directly for more information about this important issue.
