Blog Posts in 2012

All Posts
  • Mortgage Debt Relief Act - An Alternative to Exempt Forgiven Debt from IRS Taxation
    Mortgage Debt Relief Act - An Alternative to Exempt Forgiven Debt from IRS Taxation

    Everyone who is considering a short sale of their primary residence is currently in a holding pattern waiting to see if Congress renews the Mortgage Debt Relief Act . The Mortgage Debt Relief Act ...

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  • Clock is ticking on Mortgage Debt Relief Act
    Clock is ticking on Mortgage Debt Relief Act

    Several weeks ago, Florida property owners started to receive mortgage balance reduction offers from the nation's biggest mortgage servicers under the settlement reached earlier this year in the ...

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  • New 11th Circuit Case allows avoidance of Second Mortgages in Chapter 7
    New 11th Circuit Case allows avoidance of Second Mortgages in Chapter 7

    On May 11, 2012, the 11th Circuit Court of Appeal (whose decisions are binding in Florida) published its opinion in In re: McNeal. In the opinion, the 11th Circuit ruled that a wholly unsecured second ...

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  • Short Sale after Chapter 7 Bankruptcy
    Short Sale after Chapter 7 Bankruptcy

    We are receiving more and more calls from property owners who are wondering why their lender has not finished the foreclosure on their home after the property owner has filed for Chapter 7 bankruptcy ...

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  • Can foreclosure sale be set aside if loan modification is pending?
    Can foreclosure sale be set aside if loan modification is pending?

    The Florida Supreme Court has been requested to consider a case asking for guidance on the requirements necessary to set aside a foreclosure sale. Generally, a foreclosure sale can be set aside for ...

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