Below is summary of the process to obtain a deficiency judgment and the subsequent collection process. Step 1: Obtaining the Deficiency Judgment. When a foreclosure sale results in proceeds that are less than the total amount owed, as reflected in the Final Judgment of Foreclosure, the plaintiff / lender may pursue a deficiency judgment against […]
Protecting Secured Lenders in Chapter 11: A Litigation-First Approach in a Private Lending Market The private lending market continues to expand, particularly across Business Purpose Loans (BPL), Residential Transitional Loans (RTL), and Debt Service Coverage Ratio (DSCR) products. With that growth has come a predictable increase in Chapter 11 bankruptcy filings by borrowers seeking to […]
BOCA RATON, Fla. January 24, 2022 — Harris Howard, Managing Partner of Howard Law, one of the top Mortgage Default law firms in Florida, is pleased to announce the expansion of its leadership team as two of the firm’s lawyers, Matthew Klein and Evan Raymond, will become the firm’s newest partners with practices focused on […]
[BOCA RATON, FL| Tuesday, May 25, 2021] Howard Law, a creditors’ rights law firm, has received a “No Objection” determination from both the Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) through the loan servicing company Rushmore Loan Management Services LLC. Managing Partner Harris Howard noted, “With this amazing achievement for […]
South Florida’s distinguished real estate law firm, Howard Law, announces continued expansion with the addition of Bill Isenberg as Of Counsel to Howard Law effective immediately, Founder and Managing Partner Harris Howard announces. Bill will also serve to mentor the Howard Law staff and lawyers. “It is with great pleasure that I announce that Bill will become […]
More than 10 million people applied for unemployment benefits in the last two weeks of March due to Covid-19 and some analysts predict the unemployment rate could climb to 25%. Florida was hit hard in the 2008 crash and many in the state fear the Covid-19 shut down could result in more foreclosures and bankruptcies […]
Harris Howard recently participated in the capital markets today podcast hosted by Louis Amaya. This podcast focuses on Howard Law’s practice representing creditors. Specifically, Harris discussed plaintiff mortgage foreclosure litigation Cases, bankruptcy matters and real estate closings that the firm handles throughout the state of Florida.
