Florida Foreclosure Help in Hollywood, south Florida short sales

Noelle Nikpour
November 27, 2011
In the wake of the recent real-estate meltdown, the borrower of a nonperforming loan called his lender with promising news: “I have a buyer looking to make an all-cash offer for my Florida property. Will you meet with us tomorrow?” The lender’s answer: “No.”
Disturbingly, this implausible response is not uncharacteristic of lenders who exploit FDIC loss-share agreements by seeking to foreclose on nonperforming loans, even when prudent business judgment calls for short sale or loan modification solutions. By perverting the terms and spirit of loss-share agreements, these lenders …

Going to mediation is such an overwhelming process.  It almost feels like going to a criminal trial without being represented.  Everything is recorded and the bank is represented by a seasoned lawyer.  Although the system was treated with good intentions, mediation is not in your best interest.  For starters the mediator is not allowed to give you any legal advice if they could.  They are armed with only basic foreclosure knowledge.  With only this knowledge how is a mediator suppose to stand up next to the foreclosure department of a …