Blog Archives

Avoid a Deficiency Judgment: Short Sale, Foreclosure Defense, or Ch. 7 Bankruptcy

Even though the real estate market in SWFL is beginning to show signs of improvement, housing prices are still nowhere near where they need to be. Floridians in particular, are familiar with the term “underwater mortgage,” which describes what many have been facing for years now, home values that are far less than the amount owed. Read the rest of this entry

How to Guide: Real Estate Closings – Part I

For starters, the title company will need a legible, fully executed copy of the contract and all addendums. Also, don’t forget to send the title company the prior title policy and the survey, if no changes have been made. The listing agent should submit an info sheet with contact information for the buyer, seller, buyer’s agent, seller’s agent, mortgage loan originator (MLO) and the attorney for seller and/or buyer. The info sheet should contain the current mailing address, phone number(s), email address(es) of both the buyer and the seller.  Verify the real estate commissions and or transaction fees, if any.  Read the rest of this entry

Deficiency Laws in Florida

Deficiency Laws in Florida

As discussed in my previous blogs, deficiency judgments in Florida are a very real concern that should not be taken lightly. Many homeowners are ill informed and believe that if they walk away from their home and give it up in foreclosure, then that’s the end of the problem. Unfortunately, they would be sorely mistaken as it could just be the start of their troubles. Read the rest of this entry


A main concern that every homeowner should have when considering a short sale, deed in lieu, mortgage restructuring, or foreclosure is the potential of a Deficiency Judgment. Read the rest of this entry

How to write a Hardship Letter – Part II

Part II

No pointing fingers

A wise old man once said, “You get more flies with honey than you do with vinegar.” By now, the entire world knows that the banks are not innocent victims in this foreclosure debacle. However, this is not the time nor the place to make excuses, point fingers and play the blame game. This is the time to have a big slice of humble pie and ask for forgiveness. Read the rest of this entry