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Yearly Archives: 2009

The Tipping Point: Rebirth of HOLC?

Wed Mar 11, 2009 by on Florida Foreclosures

As the economy continues to worsen and confidence generally erodes as reflected in part by the Dow Jones Index dropping 25 percent since the beginning of 2009, the question arises: is there indeed a magic bullet to turn the world economy around? Some have suggested that Wall Street’s exportation of toxic mortgage-backed securities to investors throughout the world was “evil […]

Foreclosures Defense Close-Up: Ponzi Nation or Musical Chairs?

Tue Mar 3, 2009 by on Florida Foreclosures

Sharing my thoughts on Florida foreclosures yesterday with the NBC Nightly News team really brought back some past real estate scenarios. Long before the Florida foreclosure meltdown and “double sold mortgage” became a widely used term, I represented a commercial pilot for a major airline who owned real estate in the Florida Keys. This client had a great house but […]

President Obama Speaks about the Economic Crisis as Lost Promissory Note Defense to Foreclosure Tops Google Searches

Wed Feb 25, 2009 by on Florida Law News

The President made it abundantly clear last night that one of the bailout’s fundamental purposes is to help troubled homeowners who need to refinance their homes, thereby preventing foreclosure. Yet one of the most popular Google searches yesterday concerned one’s ability to delay or stave off a foreclosure by demanding the foreclosing bank produce the original Note. In fact the […]

Obama to Florida's Foreclosure Rescue? or Not?

Wed Feb 18, 2009 by on Florida Foreclosures

Today the Obama Administration dipped its big toe into the foreclosure quagmire by announcing a number of moves that will try to keep people in their homes who still have jobs or income. Therefore, residents experiencing Florida foreclosure will be able to modify their loans, refinance, or with Congressional approval, modify the amount owed to the banks in bankruptcy. President […]

Mortgage Forbearance on the Horizon: Obama Following His Gut and Major Banks Follow

Fri Feb 13, 2009 by on Florida Law News

It appears that the financial markets are taking their cues from the President as opposed to the Treasury Secretary. This week we saw the major equity markets tumble as the Treasury’s half-baked Bailout II Plan was partially unveiled. But most importantly, the markets started to respond– first yesterday- after the President began to dust off the history books and talked […]