Legal Articles, Foreclosure

Why Florida's Foreclosure Machine Is Slowing Down

The State of Florida has the third highest foreclosure rate in the United States after Nevada and Arizona. Florida's legislature appropriated $9.6 million this year to hire semi-retired judges and case managers to preside and assist in foreclosure hearings.

Benefits of a Deed in Lieu with a Waiver of Deficiency in Florida

The process of a deed in lieu is when you sign the title of your home back over to the bank and no longer have to make the payments. The loan is then forgiven in response to giving the home back. This only means the benefits of a deed in lieu with a Waiver of Deficiency go a long way.

What to expect at a Florida Foreclosure Mediation

The purpose of the mediation at its highest value is a loan modification for the borrower.

PRINCIPLE REDUCTION ALTERNATIVE UNDER HAMP

MHA’s Principal Reduction Alternative was designed to help you by encouraging mortgage servicers and investors to reduce the amount you owe on your home

The Basics of the Home Affordable Refinance Program (HARP)

There are some very basic requirements that will allow you to determine whether you may be eligible for Home Affordable Refinance Program (HARP)

Tips to Avoid Mortgage Modification Scams

Tips to Avoid Mortgage Modification Scams

Bank of America Announces “Quicker” Short Sales

In mid-April, Bank of America announced the roll out of a new and more efficient short sale process. Bank of America claims that this new shorter and quicker process will allow for decisions on short sales within twenty (20) days.

California's Short Sale Legislation

Recently the California Legislature approved Senate Bill 931 (SB 931) amending Code of Civil Procedure CCP §580e to provide for anti-deficiency protection to certain short sales.

Can I Safely Walk Away from My Mortgage

This is an educational article about the current financial crisis and whether it is wise to "walk away" from your mortgage.

Foreclosure and the Bankruptcy Stay

While there are many reasons for the rise in bankruptcy filings, with working families falling victim to job losses, the collapse in the real estate market and plunging home values is one of the principal reasons for the rise in filings.

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