short sale law: FRIVOLOUS DEFENSE TO FORECLOSURE CAN COST BORROWER $$$ - 06/12/11 04:53 AM
A mid June decision by an appellate court in Florida, the trial court was upheld in sanctioning defense counsel and borrower in a foreclosure action for filing frivolous and unsupported mortgage foreclosure affirmative defenses that delayed resolution of the case.  The court awarded over $20,000 in attorney fees against the defense counsel and another $18,000 in "delay damages" (which was mostly interest on the mortgage note).
Florida statutes require that the $20,000 be split 50/50 with the defendant borrower and the attorney was responsible for all of the "delay damages" (and this most certainly will end up as a malpractice action against … (20 comments)

short sale law: Hope For Homeowners Act a Failure - 12/17/08 02:20 PM
I have many desperate homeowners coming to my office begging for ways to save their homes.  Often times the homeowners qualify under the published criteria for the hyped Hope For Homeowners program also called H4H by the FHA.  The program, passed by Congress in July 2008 was to save the homes of 400,000 homeowners.  So far only 300 or so have applied!  Why?
The program was to start October 1, 2008.  That was pushed back to December 1, 2008 and then December 15, 2008.  The program went through a major re-write to loosen qualification criteria and to give existing lenders a bigger … (14 comments)

 
Richard Zaretsky, Florida Real Estate Attorney (THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)

Richard Zaretsky

Florida Real Estate Attorney

West Palm Beach, FL

More about me…

THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY

Address: 1615 Forum Place, Suite 3A, West Palm Beach, Fl, 33401

Office: 5616896660 x 107

Mobile: (561) 329-2279

Legal true life experiences, general observations and commentaries for Realtors, Lawyers and Mortgage Brokers - also see our Palm Beach County Short Sales group blog.
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