A recent decision by the U.S. Court of Appeals for the Eleventh Circuit marks a major milestone for homeowners in Chapter 7 bankruptcy by allowing debtors to strip off a wholly unsecured second mortgage.
Last Friday, the board of directors at Florida Housing Finance Corporation approved changes to eligibility requirements for the Florida Hardest-Hit Fund (HHF) Program.
PERENICH The Law Firm’s resident bankruptcy attorney, Timothy Perenich, has been selected to present at a seminar sponsored by LawReview CLE on Thursday, April 26, 2012 from 1:00 p.m. – 5:15 p.m. at the Hyatt Regency in downtown Tampa, Florida. The title of the seminar is “Bankruptcy Chapter 13 101: The Plan.”
Earlier this week, the federal government and several states including Florida, reached a landmark $25 billion settlement with 5 major banks: Ally/GMAC; Bank of America; Citi; JPMorgan Chase; and Wells Fargo.
The U.S. Justice Department announced on December 21, 2011 that Bank of America agreed to a $335 million settlement for racial bias allegations in connection with Countrywide Financial mortgage loans. This is the largest residential fair lending settlement in history, according to the New York Times.
On November 1, 2011, the Federal Reserve Board announced that homeowners who believe they were financially harmed during the mortgage foreclosure process by certain banks and other lending institutions in 2009 and 2010 may be entitled an independent review and potential compensation.
As a result of the economic downturn and residential mortgage crisis in recent years, Floridians have been hit the hardest. According to the Daily Finance, 24% – nearly a quarter – of all home loans in Florida are delinquent, and 14% are in foreclosure.
As if the foreclosure situation in Florida wasn’t already fraught with issues of title and proper ownership, an Osceola County, Florida man has compounded the problem by placing himself on more than 100 deeds to foreclosed properties. The deeds are improper because the man, named Jacob Dyck, convinced homeowners to sign a deed to the property over to Dyck in exchange for a fee and rent.
Attorneys from PERENICH The Law Firm will be among dozens of Tampa Bay area foreclosure and bankruptcy lawyers who will participate in this Saturday’s Residential Mortgage Foreclosure Forum.
Homeowner associations (HOAs) and unscrupulous investors working with them are riding the wave of misfortune in the distressed housing market–all the way to the bank.
