Dieppa Law BlogForeclosure Defense
Chief Judge Tobin Resigns to Work for Foreclosure Mill
Here is the link for the Sun Sentinel story on the resignation of Broward Chief Victor Tobin, who is taking a position with the law offices of Marshall C. Watson. Tobin has not ended his full duties with Broward and at times handled foreclosure cases himself. The incomplete resignation and timing of the new position [...]
Thinking of Not Paying Association Fees? Think Again
Prior to recent changes in the Florida statutes, it made sense to stop paying association fees along with the mortgage payment when finances became tight. Associations had limited ability to stop a unit owner from continuing to collect rents on the unit to make up for the investment loss as property values tanked. The Distressed Condominium [...]
Misinformation from Bank Reps is Normal Practice
If you wonder why people distrust banks, who have become public enemy number one, you can start with misinformation (if not, outright deceit) that comes from the bank representatives on a daily basis. The misinformation ranges from calls telling homeowners that their property is about to be sold when a foreclosure hasn’t even been started [...]
New Developments in The Foreclosure Mill Cases
This weekend, the Miami Herald reported two new developments in the handling of the “foreclosure mill” cases. It reported that the law offices of David J. Stern P.A. was immediately ceasing any work on its 30,000 active files. Additionally, Ben-Ezra & Katz was reported to be withholding files on its cases for JPMorgan Chase in [...]
When is It Time to Walk Away from Your Home?
I advise many clients who are at least 50% underwater (their home is worth 50% of less than the outstanding mortgage debt) to consider a short sale. One major factor in that analysis is the taxability of the canceled debt. Canceled debt is normally considered taxable income, but the Mortgage Debt Relief Act of 2007 [...]