Deadbeat Bank Gets Served

There is a great video on YouTube that shows a West Palm Beach, Florida bank receiving a writ of service. A writ of service is basically a court order that allows a creditor to take the property of the debtor. The bank involved in the video is the Virtual Bank in Palm Beach Gardens, Florida. Virtual Bank was attempting to foreclose on a homeowner and was defeated in court. The judge ordered that...
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Home Price Expectations Are Not Looking Up

Case Shiller has come out with their predictions of the worst 15 housing markets for the next year. Unfortunately for us as Florida residents 9 out of the top 15 worst home markets are in Florida. They are taking the median price of homes in that area as of the second quarter of 2010 and projecting prices out to the second quarter of 2012. Now before you get to depressed if you live in one of...
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Banks Stop Foreclosure Sales

In the past several weeks, three of the largest lending institutions have suspended parts of their foreclosure proceedings. This has come after acknowledging that employees were signing off on foreclosure paperwork without knowing or verifying its veracity. Ally Financial Inc, which was formerly GMAC was the first to stop foreclosure sales, homeowner lockouts, and bank-owned sales. Bank America...
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Judge’s Ruling on Foreclosure Firms

Circuit Judge Jack S. Cox ruled that Florida’s attorney general has no authority to investigate or discipline Florida’s largest foreclosure law firms. The legal ruling came about after the attorney general announced that it was investigating Shapiro & Fishman along with two other large law firms that represent lenders in foreclosure proceedings. Judge Cox went on to say that the Florida...
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I Did Not Pay My Mortgage, Why Should I Fight My Foreclosure?

It seems like every day I pick up the newspaper to find another article on how lenders have falsified foreclosure documents, backdated foreclosure papers, or had non-officers signing off on foreclosure proceedings on files they are unfamiliar with. Three of the largest lenders in the United States have halted sales of foreclosed homes until they have a better handle on their internal systems...
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Florida Foreclosure Defense and Loan Modification Reality Check for Homeowners

Florida Foreclosure Defense and Loan Modification Reality Check for Homeowners I hope that all homeowners who are facing foreclosure and trying to obtain a loan modification in Florida read this blog. I also sincerely hope that homeowners do not take offense to this blog but rather understand that I am trying to impart important insight so that homeowners facing foreclosure can make an educated...
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