Category Archives: Dangers of Foreclosure
How Long Does a Foreclosure Take in Florida?
If there is to be any good news in a foreclosure situation, it’s that the process is lengthy – generally lasting more than a year. That’s good news because it gives homeowners time and opportunity to mount a strong defense and fight to keep their home. Here in Florida, a wave of foreclosures will… Read More »
I Can’t Make My Mortgage Payments. How Long Until I Face Foreclosure?
The threat of foreclosure is a real one, and if you find yourself struggling to make your monthly mortgage payments, the threat can begin to feel even closer. It’s important to know, however, that the legal process of foreclosure can’t begin until you’ve missed four months – or 120 days – of payments. Even… Read More »
How Many Mortgage Payments Can I Miss Before Foreclosure?
Foreclosures have a way of creeping up on hardworking homeowners despite their earnest efforts to keep up with payments. For families who are struggling financially, it can be hard to get your feet back under you when you feel like you keep falling farther behind. Understanding the typical foreclosure timeline With mortgage payments, you… Read More »
The Bank’s Burden of Proof in a Foreclosure Case
The bank has no foreclosure case against you if it cannot prove its claim against you. Don’t let them try to bully you into thinking otherwise. When it comes to Florida foreclosure cases, your best defense is an aggressive offense, and that means forcing your bank to prove their claims. Every claim they make… Read More »
Programs for Floridians to Avoid Foreclosure
Being at risk of foreclosure does not mean you are without options when it comes to keeping your home. And the earlier you seek out possible programs or opportunities to protect yourself from foreclosure, the better. If you are struggling to keep up with your monthly mortgage payments, don’t ignore the problem. Seek help… Read More »
Defending Yourself from a Florida Foreclosure Part 8
Subpoena Everyone As a judiciary state for foreclosure legal proceedings, all Florida foreclosure cases must be seen in court. This means a couple of things for you as a homeowner – 1) that it’s a relatively slow process (see what we suggest doing to take advantage of the delays by reading Part 7 in… Read More »
Defending Yourself from a Florida Foreclosure Part 7
Take Advantage of the Slow Process Throughout our nine-part series on the Florida foreclosure process, we have discussed many tips to help you prepare for what could happen if the banks were to come for your home. In addition to arming yourself with a good lawyer, we’ve encouraged you to keep the faith so you… Read More »
Wells Fargo Admits to Error That Cost Borrowers Their Homes
When the economy tanked around 2007-2008, the government knew that something had to be done to help people keep their homes. One option that was created was the Making Home Affordable Program (also known as HAMP, or Home Affordable Modification Program). The HAMP Program The program was designed to modify home loans to a… Read More »
Foreclosure Starts Spike in South Florida in July
Anyone who remembers the wave of foreclosures that crashed over Florida a decade ago must be disturbed by a new study from Attom Data Solutions. The study shows that foreclosure starts spiked in South Florida for July, well over the levels of a year prior. In fact, the foreclosure rate for Florida was higher… Read More »
Case Requires Bank to Show Compliance with FHA Requirements
For the most part, every mortgage and note are generally the same (at least in Florida, and if we’re talking about first mortgages on residential property). That is, they use the same basic language, with the same requirements imposed on the lender and the borrower. FHA Loans But FHA loans are a little different…. Read More »
