Deficiency Judgment Advice and Defense
We know how to help.
A deficiency judgment is a judgment ordered by the court granting a bank the authority to collect the amount of money that is still owed by the borrower on a mortgage after the property is sold at a foreclosure auction. Since Florida has the second highest foreclosure rate in the United States, Florida homeowners will be impacted more than most by this issue.
We all know that one affect the recession has had on some Florida residents is that is has reduced property values to a level below many mortgage balances. That reduction in value is the deficiency that banks seek to collect.
We also know that the foreclosure mess is being made worse by the acts of banks and their attorneys. The result of these acts is the rise of valid defenses to many foreclosure cases. These defenses benefit the homeowner by offering them an opportunity to, among other things, to possibly negotiate the waiver of a deficiency judgment. Therefore, if you have been served with a foreclosure lawsuit or are in the middle of a foreclosure, don’t just walk away from your home. You need to discuss your circumstances with an experienced real estate lawyer. An experienced real estate lawyer should be able to offer you valuable advice on your rights relating to deficiency judgments. Larry Tolchinsky’s 18 years as a real estate lawyer has the experience to provide you with that advice.
Why Larry Tolchinsky?
What sets Larry apart from other real estate lawyers defending deficiency cases is his level of experience and knowledge. Larry examines the foreclosure documents to determine whether they provide the lender with the right to obtain a deficiency judgment. Each investigation requires an understanding of timely filing and recording requirements which could potentially bar the lender from obtaining a deficiency judgment. He knows the formalities that a lender must follow to reserve jurisdiction to obtain a deficiency judgment and the potential waiver of those rights if the foreclosure was uncontested.
We Can Help To Defend Your Deficiency Issues Even If You Have Already Lost Your Home.
The recent discovery that fraudulent documents were being filed in foreclosure cases has provided former homeowners an opportunity to defend themselves against lender’s attempt to pursue a deficiency judgment against them. Now it may be possible to re-open old foreclosure cases and to set aside foreclosure judgments. By doing so, a lender may, among other things, lose their right to pursue a deficiency judgment against the former homeowner. So, even if you have already lost your home, we still may be able to help you.
Blog Posts Related to Deficiency Judgments (by Larry Tolchinsky):
Larry In The Press Regarding Deficiency Judgments:
Get A Free Case Evaluation From An Experienced Real Estate Lawyer - Call 954-458-8655
Larry Tolchinsky represents individuals facing foreclosure and deficiency judgments throughout Broward County and all around Florida. Many foreclosure issues involve complexities that an experienced real estate lawyer is best equipped to handle. Larry is an experienced real estate attorney, who is here to answer your questions and evaluate your circumstances. When you work with him, you can be assured that your matter will be handled with expertise and professionalism giving you peace of mind.
Contact Larry for more information about deficiency judgments, especially those homeowners who have already lost their home to foreclosure. You can contact him by phone at 954-458-8655 or by e-mail through this web site to schedule an appointment and learn more about deficiency judgments. He offers a free initial consultation.
To learn more about Larry Tolchinsky, click on this link: Real Estate Attorney
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Broward County Lawyers - Since 1982