Victory in Foreclosure Defense

CitiFinancial offers dramatic principle & interest rate reduction


The Ticktin Law Group is currently defending over 1,400 Florida mortgage foreclosure cases and we are encouraged to see that the banks are responding to our defense by actively pursuing settlements in some of our longest standing cases. Recently, after nearly a year and a half of foreclosure defense, CitiFinancial offered a settlement to our client in the form of a 40% reduction on the principle balance and a fixed interest rate of 5%, down from 12.57%.

This is not the first settlement to be offered to one of our mortgage foreclosure defense clients, but it is certainly the most drastic reduction in principle and interest rate yet. Other mortgage companies that have made similar settlement offers are Accredited Home Lenders and Litton Loan Titanium Solutions. If you are currently pursuing foreclosure defense with our law firm and have not seen this kind of activity in your case, don't despair. The trends we are seeing from the mortgage companies in these cases are just the beginning of what we hope to see over the next few years for many more of our clients.

Ticktin Law Group opens new offices in Orlando and Ft. Myers

The Ticktin Law Group has opened two new offices this summer.

The central Florida office is located in downtown Orlando.

121 S. Orange Avenue
Suite 1500
Orlando, FL 33014
(407) 749-0303

The Bonita Springs office is in the Ft. Myers area to serve Southwest Florida clients.

27499 Riverview Center Blvd
Suite 106
Bonita Springs, FL 34134
(239) 220-5144

More information, including directions, may be found at www.MyForeclosureLawyer.com

Foreclosures and The Threat of Hurricane Season

As Florida's hurricane season begins, the tens of thousands of vacant homes claimed by foreclosure could pose a danger to the homes and people around them. The Broward County Emergency Management Director voiced his concerns to the media stating that unsecured debris from vacant, foreclosed homes may damage others' property and could even threaten the lives and safety of people living nearby if the unsecured debris is propelled by high winds. If unprotected homes are destroyed and left as a pile of rubble, it could also be another damaging blow to our weakened property values and local economy.

Sadly, the banks have not kept these vacant properties secure or well maintained. In many cases they neglect to pay homeowners association fees resulting in poor upkeep of the bank-owned properties as well as others in the association. As a community, we need to ensure that banks take responsibility for these homes. If you see a foreclosed home that is unsecured or in a state of disrepair in your neighborhood we urge you to contact the local authorities. Most communities have minimum standards for the upkeep of homes that can be enforced. Below you will find a link to contact your State and Federal representatives to alert them to this looming disaster. If the banks aren't going to step up and be accountable for homes they have claimed by foreclosure, then it's time we hold their feet to the fire and make them do the right thing.

Find your Representative: http://www.house.gov/

Find your Senator: http://www.senate.gov/

Find your Florida Representative: http://www.myfloridahouse.gov/