Bank of America simply cannot get it right. Our Tampa, Florida law firm sees violations regularly whether it involves foreclosure or bankruptcy. Of particular note these violations are all one way and they put money in BofA’s pocket. If they were truly errors, wouldn’t they immediately be corrected once pointed…
Another tool to help Florida homeowners keep their home and avoid foreclosure will be available this summer. Only Fannie and Freddie owned mortgages are eligible, but starting July 1, 2013, a new streamlined program is being rolled out to help modification efforts. This program will eliminate the strenuous income documentation…
Short sales are good for a number of reasons: 1) many homes are underwater 50% or more and it could be a decade or more to get in a position of having even a dollar of equity; 2) most short sales will result in a written waiver of deficiency of…
The Miami Herald just remarked that the passage of these Florida foreclosure bills (HB 87 and SB 1666) is an open invitation to more bank fraud. And more houses owned by banks in bulk to be sold to institutional investors. This is an opinion piece published in the Tallahassee Democrat.…
At the end of February 2013, the Middle District, Tampa Division of the U.S. Bankruptcy Court announced an amended Uniform Chapter 13 Plan would have a new choice for debtors. Debtors can now choose whether they want property of the estate to vest in the Debtor’s name upon confirmation of…
Don’t be fleeced by debt collectors. You have protections. In Florida, we have the Florida Consumer Collection Practices Act and the Fair Debt Collections Practices Act available to our clients. I was reminded this week that not everyone knows their rights when the mother of a debtor called me. She…
The late night fiscal cliff tenative workout included a proposed extension of the Mortgage Debt Relief Forgiveness Act for one more year to include 2013! Floridians seeking to short sale their home but weren’t able to get it done prior to the end of 2012 can breathe a sigh of…
You are going to hear a lot more about businesses filing BP oil spill claims in the next few months. On December 22, 2012, Bloomberg reported that the BP Gulf Oil Spill Settlement for 7.8 billion dollars was approved. This settlement was reached only two days before a trial was…
Most Floridians don’t believe me when I tell them that their business is likely eligible under the new rules under the BP Oil Spill Settlement. They think their business simply wasn’t affected by the oil spill. However, you don’t have to prove that oil sludge washed up on your doorstep…
We are still seeing significant principal reductions for some of our very lucky clients, mostly from Bank of America and Ocwen. An article by Drew Harwell in the Tampa Bay Times and the Orlando Sentinel and the Tampa Bay Times indicates that since March, more than 1,000 Florida homeowners have…