Foreclosure process: does it stop everything to pay missed payments and late fees? Or are there serious disadvantages?

P.S. As a point of clarification, you WOULD have to make payments on the arrears, at least on the 1st mortgage, starting within 30 days of filing...

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Foreclosure process: does it stop everything to pay missed payments and late fees? Or are there serious disadvantages?

Generally yes, however the mortgage servicers and foreclosure mills make this more difficult than it should be. What you have to pay is the...

I live in Florida and have a HELOC on my home. Now it is being foreclosed on. Does FL have anti-deficiency statutes?

No, Florida does NOT have anti-deficiency statutes. In Florida, mortgage claimants are freely able to request deficiency decrees.

My house was sold by my HOA for $2900 without notifying my ex husband or the mortgage company. The person that bought the title

It depends on all the details. Do you have a written agreement with the buyer ? If so, what does it say ? Does he have a judgment against you and...

If I short sale my home, how long do I have to wait to buy it back???

The answer depends on many things. Mortgage holders will normally refuse to authorize a short sale unless it is an "arms' length" sale to a...

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While it depends on all the details and the amounts involved, the condo association can file a lien for unpaid assessments, and can then foreclose...

If a lease was signed after the house was already in the foreclosure process (Florida) is the lease agreement void?

I agree with the prior answer. So long as your landlord remains the owner of the property, the lease is in full force and effect. If the...

I have been asked for a copy of my last two bank statements and pay stubs. I would like to know why.

Be warned - you shoud NOT ask realtors to give you advice in this area. Realtors are not attorneys, they are not allowed to provide legal advice -...

Is bank responsible for security deposit in case it forecloses on landlord / borrower and becomes new owner?

Under Florida law, the landlord was obligated to maintain the security deposit in a segregated account, and to return it to you at the conclusion...

Deficiency judgement defense after foreclosure in FL.

I disagree with the prior responses. This is a very complex issue in many cases, there are no simple or generic answers- it is a very...