South Florida Law Blog

Is upside down the new right side up? Many South Florida residents are left scratching their heads when it comes to things like loan modifications or refinancing. But thanks to Al Sunshine of Miami’s CBS 4, Roy Oppenheim, Ellen Pilelsky, and Geoff Sherman will be answering questions tonight about the ever-changing real estate market through CBS 4’s Your Money real […]

Roy Oppenheim, Ellen Pilelsky, and Geoff Sherman will be answering questions about loan modifications and refinancing next Monday on CBS4 Your Money’s real estate panel phone bank. With the ever-changing real estate market, many South Florida residents are left with questions and concerns or are in need of real estate advice. Thanks to Al Sunshine of Miami’s CBS4, South Florida […]

Everyone knows that hindsight is a wonderful thing. Now our friends at the Federal Reserve Bank of Boston have issued a voluminous study of mortgage modifications during 2008. Until October 2008, the financial crisis had not reached full bloom. However, the study is extremely insightful into the rational behavior of banks and why mortgage modifications, up until now, have been […]

It looks like mortgage servicers are going to woodshed for deliberately not modifying mortgages and allowing foreclosures to sore! its about time! Here is the letter that Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan sent to 25 mortgage-servicing firms last week: “We are writing to you as a participant in the Administration’s Making Home Affordable […]

It appears that President Obama’s idea that federal bankruptcy judges will be given the authority to modify mortgages is picking up steam. Actually, judges already have such authority to modify mortgages balances, including modifying the principal balance… but only in commercial bankruptcies. Thus, while it may take a few more months, it is now a likely scenario that if you […]