Category Archives: Strategic Default
More Than 45 Percent of Florida Loans Underwater, Causing Massive Foreclosures in Miami
The number of underwater mortgages in Florida has reached a crisis level. One report indicates 45 percent are in that category, which has led to strategic defaults, short sales and foreclosures in Miami. Homeowners simply cannot be asked to continue making payments on houses that aren’t worth the price. An underwater loan is one… Read More »
Experts: Jumbo Mortgages May Be Next to Strategic Default in Miami Foreclosures
Financial experts believe that many homeowners may be considering a strategic default as they have incurred big loans, have little equity and are “upside down” on their mortgages. It appears they would rather walk away than wait for the real estate market to turn around in a decade or longer. Fighting a foreclosure in… Read More »
Miami Foreclosure Watch: 11 Million Properties in U.S. Have Negative Equity
A recent report by CoreLogic states that 10.9 million U.S. properties had negative equity, a leading cause of foreclosure in Miami. Many people have been thrust into a difficult position because banks loaned out money for investment homes to people who couldn’t really afford the payments. Once those people defaulted on the loans when… Read More »
Strategic default a tough decision for underwater Miami homeowners
A staggering number of homeowners consider strategic default each month as nearly 1 in 4 owe more on their homes than they are worth, the Huffington Post reports. Consulting a Miami foreclosure defense attorney is the best course of action when dealing with an underwater mortgage in South Florida, or when considering strategic default… Read More »
New Year offers chance to deal with foreclosure in Miami, restore credit rating
The New York Times reports that credit is beginning to flow again as the nation slowly climbs out of the recession sparked by the unprecedented crash of the real estate market. As we prepare for a New Year, getting your credit back on track is a worthwhile goal. Consulting a Miami foreclosure defense attorney… Read More »
Propietarios adinerados en Miami optan por los foreclosures; la mejor opcion es consultar a un abogado.
Desde Miami hasta Beverly Hills, los mas adinerados estan abandonando sus propiedades en foreclosure y simplemente se retiran de lo que consideran una mala inversion, segun reporta el New York Times. Segun continuan reportando nuestros abogados defensores de Miami, los propietarios del sur de la Florida que buscan ayuda para sus foreclosures, tienen un… Read More »
Wealthy homeowners in Miami choose foreclosure; consulting an attorney the best option
From Miami to Beverly Hills, the rich are surrendering homes to foreclosure and simply walking away from what they view as a bad investment, the New York Times reported. As our Miami foreclosure defense lawyers continue to report, South Florida homeowners looking for foreclosure help have a number of options. But weighing the risks… Read More »
MSNBC talks about the rise of Strategic Defaulters
In Miami and South Florida, Strategic Defaults are on the rise. Homeowners stop paying their mortgage and fight the foreclosure with an experienced defense attorney. They stay in their homes for years. There is no rush for a loan modification or shortsale. They know the dangers of a deficiency judgment but know there is… Read More »
Jon Stewart Explains Why Banks Have No Credibility Blaming Strategic Defaulters for Taking Advantage
Many Banks and TV Pundits place blame for the mortgage foreclosure crisis squarely on the homeowners. How dare a delinquent borrower in Miami or South Florida try to stop foreclosure by hiring an experienced foreclosure defense attorney? Well, Jon Stewart of the Daily Show on Comedy Central recently filed an excellent report on how… Read More »
An experienced Miami foreclosure attorney can help protect against deficiency judgments
Lenders dealing with foreclosures and short sales in South Florida and across the nation are expected to file a barrage of lawsuits seeking to recoup losses from homeowners, the Miami Herald reported. An experienced Miami foreclosure defense attorney should assist buyers dealing with a short sale or foreclosure. Without a written agreement from your… Read More »
