Florida’s residential mortgage foreclosure managed mediation (RMFM) program is dead. Administrative Order No. AOSC11-44, signed yesterday by Florida Supreme Court Chief Justice Charles Canady, terminates the statewide mediation program. The Court has reviewed the reports on the program and determined it cannot justify continuation of the program. Accordingly, upon issuance of this administrative order, the statewide managed mediation program is terminated. Cases already referred to and … [Read more...]
Florida Ends Statewide Residential Mortgage Foreclosure Managed Mediation (RMFM) Program
December 21, 2011 By 4 Comments
Your Chance to Vote on New TILA / GFE / HUD-1 Forms
November 10, 2011 By 1 Comment
Our federal government is once again going to make real estate transactions "easier" for consumers to understand. For almost two years, real estate practitioners have been struggling with the new Good Faith Estimate (GFE) and HUD-1 Settlement Statements on all RESPA transactions. The intent behind these revised forms was to make things "easier" for the consumer. The result was, of course, the exact opposite. The new forms are creating a host of compliance issues for lenders and … [Read more...]
Do We Need a “Bad Mortgage” Bailout Fund?
April 2, 2011 By 3 Comments
South Floridians are acutely aware of the foreclosure meltdown. We’ve all had family, neighbors, or friends who have been affected. We’re not alone though. Many parts of our country are still reeling from the foreclosure crisis, and we’re not even close to seeing the light at the end of the tunnel. Foreclosure cases continue to drag on, and many question whether the foreclosing banks have the legal right to bring the cases to begin with. For years, Florida real estate lawyers have … [Read more...]
