Tag Archives: foreclosure
Watch out for circumstances that can lead to foreclosure
In the blink of an eye, your life can change. This often leads to some type of financial impact as well. If you are a homeowner in Florida, the smallest dip in income — even if it is temporary — can set you back. If life often throws you a curve ball due to… Read More »
Will your lender truly help you with your loan modification?
The threat of foreclosure is unsettling. Unfortunately, if your family has fallen on hard times, it can be difficult to meet your monthly obligations. You are not alone. Over 63,000 Florida homes were repossessed by the banks in 2016. This was the highest number of repossessions in the nation. In an attempt to save… Read More »
Trump Hires Foreclosure Happy Treasury Secretary
The end of the year is upon us. While folks will gather to celebrate the holidays, it’s also time to take stock to see how the year went. The major news of 2016 for many is that Donald Trump was elected President of the United States. He rode to a win on the strength… Read More »
What are the differences between Chapter 7 and Chapter 13 bankruptcy?
What are the differences between Chapter 7 and Chapter 13 bankruptcy? Many people who are facing foreclosure seek bankruptcy protection as a way to save their homes. For some people, however, knowing which chapter to choose can be confusing. By taking the time to understand the basic differences between Chapter 7 and Chapter 13,… Read More »
An alarming number of South Florida homeowners still face foreclosure. What can you do to make sure you are not one of them?
Recent information indicates that, through October of 2016, approximately 1 in every 830 homeowners in Miami-Dade County was facing foreclosure. In Broward County, it’s about 1 in every 620. If you are struggling to keep up with your mortgage payments, you don’t have to become one of these statistics. There are a number of… Read More »
The bank has already started a foreclosure action against me. Is it too late to save my home?
The foreclosure process is a long, painful and brutal one. The home you have worked your entire life to own is at risk of being taken away from you. If you have received a so-called “breach letter,” you will know that the bank has initiated a formal foreclosure action against you. Many people wrongly… Read More »
Don’t get scammed by a phony loan modification provider
People who are facing foreclosure will do almost anything to save their homes. Sadly, there are numerous companies that prey on distressed homeowners and happily to take their money under the guise of helping them resolve their mortgage problems. It is important for you to understand that a vast majority of these companies have… Read More »
How will a foreclosure impact my credit?
When people are struggling to keep up with their house payments, it doesn’t take long for the mortgage company to start threatening foreclosure. One of the first questions people ask is what is going to happen to their credit rating. This is an important question, but there may be larger questions you should be… Read More »
What is lien stripping and how can it help save my home?
When you are trying to save your home, lowering the amount you owe on the property is one of the best things you can do. Depending on the circumstances of the situation, this can be a very accessible option for people who have taken out home-equity loans or other types of second or third… Read More »
What chapter should I file under if I am facing foreclosure?
If you determine that bankruptcy is the best path for you to save your home. The next step is to figure out which Chapter makes the most sense for your needs. Every homeowner’s circumstances are so unique. It really is a conversation that needs to be had with a qualified Florida bankruptcy lawyer. As… Read More »