June 2009

Michael from Pompano Beach, FL 

Posted on Saturday, June 20, 2009

Much More Than I Expected I just finished reading the book, and I'm pleasantly surprised with how detailed, and how current all of the information is. The book gives an enlightening history on how the mortgage process started in America, all the way through to the point where the real estate "bub...

Andrew Cagnetta from Hollywood, FL 

Posted on Saturday, June 20, 2009

Olefson is on the Mark! Ms. Olefson has hit the nail on the head. I appreciated the no nonsense approach to this huge issue. This is a great read for homeowners and professionals alike. Money well spent....when there's not a lot of money around to spend!! ...

Mike Schwager from Boca Raton, FL 

Posted on Saturday, June 20, 2009

The Best Book On The Foreclosure Crisis Shari Olefson has hit the ball out of the ballpark! "Foreclosure Nation: Mortgaging the American Dream" is a masterpiece. Ms. Olefson, a renowned South Florida commercial real estate attorney/mediator and partner at Fowler White Boggs in Ft. Lauderdale, has...

David from Fort Lauderdale, FL 

Posted on Saturday, June 20, 2009

Very Informative and Timely! Just read Foreclosure and want to highly recommend it to anyone wanting to have some clear understanding of the reasons for the real estate meltdown and how to handle financing issues going forward. Very practical, useful and insightful. A real handbook for the times....

Law Dog from New York, NY 

Posted on Saturday, June 20, 2009

A Must Read! Wow! It's rare to find a book that is so topical and so detailed. If you want a better understanding of the current foreclosure crisis, get this book. If you want help understanding how the mortgage and foreclosure processes work in general, get this book. Olefson has laid it all out...

Midwest Book Review from Oregon, WI 

Posted on Saturday, June 20, 2009

A Real Winner! Real estate attorney and educator Shari Olefson is an expert in the current mortgage crisis and its effects on homeowners, and here explains legal and financial terminology and how the national mortgage system works. From choosing a mortgage professional and deciding which product fi...

P. from Broward, FL 

Posted on Saturday, June 20, 2009

What a Call To Action! This is THE most comprehensive, easy to read book on a topic I knew very little about ever. I was looking for a quck way to get up to speed on this whole crises and especially the parts that will affect my home value. Anyone with similar concerns needs to read this book. It e...

The East Hampton Press & The Southampton Press from Southampton, NY 

Posted on Saturday, June 20, 2009

Beach books: Real estate turmoil provides good reading Haven’t heard enough bad news lately? Try “Foreclosure Nation: Mortgaging the American Dream” by Shari Olefson, a Florida-based real estate attorney. In her book, Ms. Olefson takes a sobering look at the sub-prime and speculative affliction t...

Amy from St Pete, FL 

Posted on Thursday, June 18, 2009

Shari - I heard you on the radio yesterday afternoon and have a question. I've heard that the filing fees for banks to file a forelcosure action in Florida increased dramatically June 1. First, is that true? And second has that stopped the number of foreclosures or had any other impact?...

Irene Del Valle from Hollywood, FL 

Posted on Thursday, June 18, 2009

Radio interview on WIOD Good evening I was fortunate to catch your interview this morning and heard you mention something about the ability for a resident to petition to have their real estate taxes reduced…Would you be so kind as to advise where and who I can contact regarding this possi...

Sally from Undisclosed, GA 

Posted on Tuesday, June 16, 2009

Just saw you on BookTV, and thought you were just great! You did not address my particular issue in you presentation, so thought you might guide me in an "immediate need" situation. I recently moved to GA from Ft. Lauderdale, so I know the laws are different, but here goes.... My 88 year old m...

Lahlou-Amine, Sarah from Tampa, FL 

Posted on Tuesday, June 16, 2009

Hi Shari, I just wanted to let you know that I really enjoyed watching this program. Your discussion was very interesting, and you did a great job fielding all those questions! ...

Andy Kaplan from Hallandale, FL 

Posted on Tuesday, June 16, 2009

Shari, I caught your book lecture of 5/26 on C-Span2 this weekend. Great presentation and clearly spot on! It is still unimaginable how the problem was able to build for so long with so few voices sounding the alarm. I was actively consulting to the industry in 2004 and 2005 and advised my cl...

Laura from Undisclosed, NY 

Posted on Tuesday, June 16, 2009

I saw Shari on BookTV this weekend, and was so moved to finally hear someone who was answering the questions I was asking. I can't wait to get my hands on the book. I've been asking for years, "What happens when everyone has a refrigerator?" (Refrigerators were what was used as the example "widg...

Alice from Concord, NH 

Posted on Thursday, June 4, 2009

I heard you on the radio today and am wondering if you can explain the "Golden Rules" you were talking about again. I'd like to explain them to my daughter. Thanks, Alice...

Seth from Wellesley, MA 

Posted on Thursday, June 4, 2009

My neighbor has not paid his mortgage in over a year. I know this because he;s pretty proud of it and has told me so. What's going on in this country???? PS I heard you on the radio a few weeks ago....

robin from holiday, FL 

Posted on Thursday, June 4, 2009

I saw you on Tampa Fox13 today 5/28/09. I am 3 months behind on my mortgage. I am currently in loss mitigation with my lender for a 2nd time. I am interested in a loan modification. Is it wise to try and do it yourself or hire an attorney to negotiate it for you? Everything I've found on line recom...

Anonymous from Phoenix, AZ 

Posted on Thursday, June 4, 2009

We are currently behind on our mortgage by 2 months. We have a countrywide loan which is now (Bank America) our monthly payment is now been raised because the bank paid the property taxes for this current due . Because we paid our last property tax’s late. So they went ahead and paid for this tax pe...

Lesley from Tampa Bay area, FL 

Posted on Thursday, June 4, 2009

From Tampa Fox 13 Kathy Fountain's "Your Turn" I bought in 2005 with 20% down and have a fixed rate 6% mortgage. My property value has gone down 35%. Now that I am underwater I cannot refinance. My property went from $266K to $200K. Do you have any suggestions?...

Lesley from Tampa Bay area, FL 

Posted on Thursday, June 4, 2009

From Tampa Fox 13 Kathy Fountain's "Your Turn" I bought in 2005 with 20% down and have a fixed rate 6% mortgage. My property value has gone down 35%. Now that I am underwater I cannot refinance. My property went from $266K to $200K. Do you have any suggestions?...

Denise from Tampa Bay area, FL 

Posted on Thursday, June 4, 2009

From Tampa Fox 13 Kathy Fountain's "Your Turn" I am about to default on my mortgage. I have been trying to find an alternative with my lender for the past 8 weeks in their affordable housing program department. What can I do?...

Michelle from Tampa Bay area, FL 

Posted on Thursday, June 4, 2009

From Fox 13 Tampa, Kathy Fountain's "Your Turn" I have an FHA loan that is not held by FNMA or freddie Mac. My home is a mobile unit. I am late on my payments. what are my options?...

Mark in Hollywood from Hollywood, FL 

Posted on Thursday, June 4, 2009

I purchased my house 3-yrs ago, during the peak of the real estate market. Like many homeowners who bought during that period, my property is underwater. As a result, I've fallen 5-mos. behind on my mortgage payments. I've also attempted to negotiate a loan mod. with my lender to no avail. I'm consi...

private from private, FL 

Posted on Thursday, June 4, 2009

In February, 2009 I missed 1st mortgage payment on both my primary residence and investment property. Savings used for property down payment, credit cards cancelled after 6 months of non-usage, HELOC cancelled by Countrywide, presumably due to severely diminished property values. Countrywide e...

J.E. from Lakeland, FL 

Posted on Thursday, June 4, 2009

Dear Ms. Olefson, How do I do a “Deed in Lieu? This is my situation: Today I saw you on the Kathy Fountain show on the local Fox station. June 15th I will officially be behind 2 mortgage payments. As a REALTOR in this area, I am aware of the tortuous process of Short Sales. I’ve submitt...

Rosie from Hanford , CA 

Posted on Thursday, June 4, 2009

Hi Shari I saw you on C-Span great job. I am one of those folks you talked about that over extended but for good reasons. We took equity from our home so that we could stay in it when were get old and made it ADA accessible. Well in the process we now owe more than the house is worth. We do not ...

James from Miami, FL 

Posted on Thursday, June 4, 2009

Hi Shari, my question is about refinancing possibilities for my primary residence (single family home) in Dade county. I am not upside-down based on the amount owed on my primary mortgage (but I am over 80% ltv ratio). However when you add in my 2nd position (which was required for purchasing the ho...

Ramon Sully from Salisbury, FL 

Posted on Thursday, June 4, 2009

Hi Shari I run The Orlando Villa Owners Association and I would like to run an article about foreclosure for our home owners. As the expert in this field, are you able to write an article for our members. If not, can you point us in the right direction to get an article so we can inform our me...