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 [...]
Entries Tagged as 'short sale'
SHORT SALES, FLORIDA ASSOCIATION OF REALTORS AND SELLER/REALTOR SHORT SALE LIABILITY
July 13th, 2010 · 2 Comments · Foreclosure, short sale
Tags:1099·1099 deficiency·experienced foreclosure defense attorney·experienced foreclosure defense attorney pinellas florida·Florida Association of Realtors·florida realtor short sales·foreclosure fraud fighters·foreclosure pinellas·homeowner deficiency judgment pinellas·lawyers for homeowner rights·matt weidner·realtor·short sale·short sale addendum·short sale transaction·waiver of deficiency
Why Won’t Lenders Approve Short Sales?
April 21st, 2010 · 1 Comment · Foreclosure
That’s a vexing question asked by realtors, homeowners, attorneys and increasingly judges.
There is no one, certain answer, but there are a wide range of factors that play into the unwillingness of banks to make reasonable business decisions.
Top on that list are government incentives and bailouts that subsidize otherwise irrational business decision-making, oh and then there [...]
The Consequences of Foreclosure Fraud– Fundamental Instability in The Real Estate Market For Decades
April 6th, 2010 · 4 Comments · Foreclosure
Since the foreclosure crisis began, myself and a chorus of responsible, ethical attorneys have been screaming at the top of our lungs to judges and anyone else that might listen…
HOW IN THE WORLD CAN YOU CONTINUE TO LET ALL THIS FRAUD CONTINUE TO BE COMMITTED?
DON’T YOU UNDERSTAND THAT FRAUD IN THE FORECLOSURE PROCESS IS GOING [...]
Finally The Answer to The Question, “Why Won’t Banks Modify Mortgages, Accept Short Sales or Work With Homeowners?”
March 24th, 2010 · 2 Comments · Foreclosure
I have more than one million dollars in potential short sale transactions sitting on my desk. The combined total of the deals, if we could get the banks to accept them, would net the assorted banks $1 million dollars on total principal balances of around $1.6 million dollars.
I represent a few hundred homeowners who are [...]
Congress Urges More Mortgage Help- Today’s Wall Street Journal
March 8th, 2010 · 1 Comment · Foreclosure
An article in today’s Wall Street Journal, found here reports that Congress is getting real serious about forcing banks to work with homeowners (taxpayers) in foreclosure. They are so serious, that Rep. Barney Frank wrote a letter! He wrote a letter. See apparently, banks aren’t working with homeowners and the foreclosure problem continues to slog [...]
Tags:deed in lieu·hafa·hamp·Home Affordable Foreclosure Alternatives·lost note·mortgage modification·obama plan·short sale
When Is a Short Sale Not a Short Sale? When It’s an Indymac Loan and Taxpayers are Getting Seriously Hosed.
February 9th, 2010 · 2 Comments · Foreclosure
You were reading a complaint about INDYMAC BANK.
Filing a new complaint about
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Tags:indymac·james mcCormack·matt weidner·modification·onewest·pissed consumer·shared loss agreement·short sale
Bankers’ Solution to The Foreclosure Crisis? End Foreclosures and Just Take Houses From Homeonwers.
January 29th, 2010 · No Comments · Foreclosure
I was wondering what the response would be to the backlog of foreclosures and now it has reared its ugly head in the name of The Florida Consumer Protection and Homeowner Credit Rehabilitation Act.
A review of this bad, anti-consumer bill can be found in the St. Petersburg Times here. If it passes it will [...]
Tags:alex sanchez·bank of america·deed in lieu·florida bankers·Foreclosure·foreclosure pinellas·short sale·The Florida Consumer Protection and Homeowner Credit Rehabilitation Act
Screw The Lenders and Save Your Home! The Helping Families Save Their Home Act of 2009.
January 27th, 2010 · No Comments · Foreclosure
The legal and legislative deck is, for now, stacked severely against the borrower and homeowner in foreclosure proceedings. Some things are slowly changing and an experienced foreclosure attorney can provide real assistance to help a homeowner keep their home or at least stay in it long enough to work on some better solution.
Tenants [...]
Tags:deed in lieu·Foreclosure·Helping Familes Save Their Home Act of 2009·mortgage modification·short sale
Hello CitiMortgage? Hello Bank of America? It’s Me, “Shortsale” are you there?
January 25th, 2010 · 1 Comment · Foreclosure
I currently have several files in my office where buyers with cash or with solid financing have made solid offers on properties that are in foreclosure. By solid I mean offers that will net the mortgage lender something like 75-80% of the balance of the mortgage on the home. It is absolutely maddening that I [...]
Tags:bank of america·citimortgage·deed in lieu·matt weidner·pinellas foreclosure·short sale·The state foreclosure prevention working group
