Real Estate Industry Blog

What to expect at a foreclosure case mediation? The purpose of the mediation at its highest value is a loan modification for the borrower.  All banks have different standards that borrowers are supposed to meet, and all banks offer different outcomes.  Some are willing to reduce the principal and adjust it to market value (which [...]

As Florida homeowners, we are sometimes placed in situations where we are left in financial distress, questioning if thedecisions we’ve made are for better or for worse. We’ve all faced, or are facing what is known as the famous “fork in the road”. Well, let me tell you something! When it comes to that fork [...]

The ROBO signed documents may create legal trouble for homeowners for years. Mortgage documents are being invalidated by courts in Florida, furthermore, insurers are hesitant to write policies, and judges are blocking banks from foreclosing on certain homes based on the invalid documents. Some law firms are intentionally removing or withdrawing previously filed documents.  The issues [...]

What options do I have if my house is being foreclosed? There are several options a person facing foreclosure might take.  It mostly depends on what the person wants.  For example, when I meet with clients for the first time, I usually inquire whether they are occupying the home, or whether they are renting the [...]

With the way the economy is on it’s major down fall, who wouldn’t enjoy less expenses? I mean, I know I would! And I’m sure you guys have heard your neighbors say the words “Loan Modification” at least once or twice then wondered what those two words meant. Well, don’t wonder any longer! Here’s how [...]

What are some benefits from filing a chapter 7 bankruptcy? Chapter 7 bankruptcy is one of the top forms of bankruptcy inMiami,Florida. A person may be considering bankruptcy because of harassing creditors, garnishment, repossession, foreclosure, lawsuits, illness or disability, loss of job/income, or divorce. Financial situations have changed all throughout the world and many people [...]

It is imperative at the beginning stages of applying for a Loan Modification that you submit a complete Loan Modification package to the bank.  Every bank has different guidelines, but generally request the same type of financial documentation to begin the Loan Modification process.  If you are applying for the Obama Plan, which is known [...]

The current economic crisis has hit Florida as hard as any state in the country. The bankruptcy filings in Florida have reached staggering numbers. If you are considering bankruptcy you are not alone and you should not participate in the process alone. Bankruptcy laws and procedures are quite complicated. If you place the wrong or [...]

          This month Bank of America unveiled a new approach to the HAMP modification program. The new “Earned Principal Forgiveness” Program will forgive up to 30 percent of some customers’ total mortgage balances. The homeowners must have missed at least two months of mortgage payments and owe at least 20 percent more than their home [...]

If you are falling behind on your mortgage payments and foreclosure of your Miami-Dade County, Florida homestead property is imminent; or if your homestead property is already in foreclosure, your lender may be required to participate in a mediation  before proceeding in Miami Dade County courts. In May of 2009, the 11th Judicial Circuit enacted the Circuit Homestead [...]

South Florida Mortgage foreclosures have reached unrealized levels. In fact, Florida is one of the top five states in number of foreclosure filings. If you are facing a mortgage foreclosure you are not alone and you should not participate in the process alone. Most banks in Florida are represented by a handful of foreclosure law [...]

Foreclosures have taken this country by storm and unfortunately, one of the states most affected is Florida. While the majority of homeowners prefer to attempt to qualify for the Homeowner Affordability Modification Program, (HAMP) which is a government program intended to help homeowners keep their homestead by modifying the monthly mortgage payment, not every homeowner [...]