MODIFICATIONS NOT ALWAYS WHAT THEY SEEM

We have been telling our Florida foreclosure clients and prospective clients to be wary of modification plans they might be offered from the bank. We have seen some modifications that take the amount that the borrower is in arrears (the delinquent amount), and simply tack it on to the remaining payments. This is not a modification that would actually help the borrower – what the borrower really needs is likely a reduction in the rate of interest and the amount of principle owing. More and more people are requiring of some sort of assistance in this regard, and it is questionable if the banks are following through.

When people come to The Ticktin Law Group because of an impending foreclosure, or because they have foreclosure questions (the timeline for foreclosure, how foreclosure works), the lawyers at The Ticktin Law Group give an honest assessment of their situation.

Often, a borrower visits our Florida law firm because they were working with the bank on a modification, but the bank continued with the home foreclosure process. Sometimes, the prospective client even tells us that they were asked by the bank to send their financial information multiple times as the bank seemed to lose their documentation.

When dealing with the bank, even if you think that the foreclosure process has been stopped (because “someone at the bank told you that”), you still need to make sure that your rights are protected. Oftentimes, the bank and its lawyers do not communicate properly, and an otherwise unsuspecting borrower who thinks the bank is working with him, unknowingly finds himself wrapped up in the foreclosure process.

A person having questions about how foreclosures work should see an attorney at The Ticktin Law Group to make sure that their rights are secure.

Trying to fix the problem early: Miami- Dade County takes a step in the right direction.

The Miami-Dade County court system is taking steps to resolve foreclosure cases at the early stages of the case. Under what is referred to as the CHAMP program, all cases involving a property in which homestead exemption is claimed and which was filed after May 1, 2009, will be referred to a mediation program. This allows both parties the opportunity to meet in a neutral fashion in order to discuss a positive resolution to the case. Most borrowers complain about their inability to communicate with anyone from the lender. This program was started as a response to those complaints, since the lack of communication with the lenders caused an increase in foreclosure filings which delay the proper administration of justice due to the overwhelming amounts of cases filed on a weekly basis.

Should the program be successful in its ultimate goal of reducing the backlogs in the court system by getting the parties together early, it will be implemented state wide. This is definitely a good beginning towards helping distressed homeowners in our communities.

Kendrick Almaguer, Esq.
The Ticktin Law Group

The Ticktin Law Group Fights Foreclosures in Florida

Peter Ticktin, CEO of The Ticktin Law Group, announces the launch of a new website, http://www.fightforeclosurecases.com/ to promote the foreclosure defense work he and his legal team are doing at firm.

“We have a plan that offers Florida homeowners and investors full defenses with an easily affordable monthly charge,” says Ticktin. “Our main reward is a contingency fee that we get if and when we defeat the mortgage. We use defenses that we see are implemented in Florida and other states, and we are using some that we have developed ourselves.

“We are experienced trial lawyers and we apply the knowledge that we have regarding the hard fought cases in our experience to the mortgage foreclosure cases. This sometimes gives us a good advantage over and above the standard.”

In addition to the website, a television campaign was launched in Broward County. It will be expanded shortly to include viewers in Palm Beach County and Miami-Dade County. The spot may be viewed on YouTube.The new website was created by Snap Creative Group which also redesigned the firm’s main website, http://www.legalbrains.com/

The Ticktin Law Group may be reached at (954) 978-8950, (561) 392-6933, or toll-free (888) 978-8950.