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AboutFloridaLaw.com (2 unread)

• Loan Modifications Are About to Get a Lot Easier: Fannie Mae and Freddie Mac Toss Out the Paperwork in New “Streamlined Mortgage Initiative” Program Debuting July 1

  Bank Documentation? Not Needed for Modification Under New FHFA Mortgage Program.

  Last Wednesday, the Federal Housing Finance Agency (FHFA) announced big changes for those seeking to modify their home loans: for loan modifications of mortgages connected to Fannie Mae or Freddie Mac, things are going to be much [...]

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• FHFA Cracks Down on Force Place Insurance: Finally, Florida Home Owners Have Federal Support Against Scandalous Force-Place Insurance Policies

  Yesterday, Acting Director of the Federal Housing Finance Agency Edward DeMarco released news from FHFA that is great news for many financially-strapped Florida home owners who are fighting foreclosure:  finally, federal action is doing something about the force-place insurance mess.

  FHFA Announces Federal Action to Halt Abuse of [...]

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• Underwater Mortgages in Florida and the United States: New CoreLogic Negative Equity Report Reveals Slow Recovery for Home Owners with Underwater Mortgages

  Underwater: it’s a scary term for many real estate owners here in South Florida, and it’s a major concern for many who pay their mortgage payment each month, knowing full well that the amount on the home loan is so much greater than the current value of the home itself.

  It’s [...]

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• Five Tips for Florida Home Owners Considering For Sale By Owner Option in Selling Their Florida Home

  Across the country, according to news reports, more and more home owners are opting to try and sell their homes themselves instead of working with a realtor or real estate agent to help them get their home sold.

  Why?  One of the biggest reasons is cost: with real estate prices [...]

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• Florida Housing Market Still in Dangerous Waters: Florida Home Owners and Florida Home Loan Borrowers Should Remain Wary and Watchful

  Number of comments: 1
  

  Florida home owners with underwater mortgages as well as Florida borrowers and Florida home buyers interested in short sales are all watching the Florida real estate housing market carefully.  When something like the latest Fiserv Case-Shiller Index on national home trends is released, many people here in South Florida take [...]

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• Florida Legislature Annual Session Begins Today: Proposed Laws That Impact South Florida Home Owners In a Big Way Are on the Table

  Today, the 60-day annual session of the Florida Legislature begins, and the entire country is watching.  The next nine weeks are going to be a very important time for Floridians, especially Florida home owners.

  Things began with Governor Rick Scott’s State of the State address (read it here) but [...]

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• Florida Short Sales Target of Federal and State Legislation: Proposed New Laws to Help Florida Home Owners Trying to Short Sell Their Home

  Florida home owners fighting foreclosure, and foreclosure defense attorneys, and Florida lawyers helping with short sales for that matter, may need a bit of good news after dealing with the ramifications of the Florida Supreme Court’s decision in Pino v. Bank of New York this month – and [...]

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• Palm Beach Administrative Order Brings Rocket Docket Back to South Florida Foreclosures: What Does This Mean, Good and Bad, to South Florida Home Owners?

  Number of comments: 2
  

  Last week, an Administrative Order was issued by the Chief Judge for the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida that will have a huge impact on Florida home owners and South Florida borrowers dealing with foreclosure issues.  (Read the Order here.)

  Why [...]

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• Florida Supreme Court Rules Against Florida Home Owners in Pino v. Bank of New York: Bad Day for Florida Foreclosure Defense, Great Day for Fraudulent Filing Banks

  The Florida Supreme Court has ruled against Florida homeowners –  and for the foreclosing banks –  in Roman Pino v. the Bank of New York.  The opinion came down on February 7, 2013, and you can read the entire thing online at Google Scholar.

   

  Pino Caught the Bank [...]

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• Second Mortgages Modified While First Mortgages’ Foreclosure Continue: Big Banks’ Mortgage Shell Game Exposed by NYT Editorial

  In Florida, when considering foreclosure issues, most discussions relate to first mortgages.  However, there are many, many homes here in Florida that have more than one mortgage, and these “second mortgages” are now getting some well-deserved attention in the national spotlight as the New York Times published an [...]

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