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Florida Joins in $25 Billion Bank Mortgage Settlement

By Perenich The Law Firm Posted on February 11, 2012 Posted in Bankruptcy, Foreclosure Tagged with $25 billion mortgage settlement, bankruptcy lawyer Clearwater FL, foreclosure attorney Clearwater Florida Tampa Bay area, loan modification, mortgage foreclosure, principal reduction, robo signing

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.

Mortgage Principal Reductions: Rare, But Not Impossible

By Perenich The Law Firm Posted on November 29, 2011 Posted in Foreclosure Tagged with Bank of America mortgage, Countrywide loans, foreclosure attorney Clearwater Florida Tampa Bay area, Home mortgage, loan modification, principal reduction

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.