Nonjudicial Foreclosure Process
Jun 02, 2010
Foreclosure is the process by which the lender takes control of the property which was pledged as collateral for the mortgage debt and sells the property to raise money to pay on the debt created by th...
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Judicial Foreclosure Process
Jun 02, 2010
The Foreclosure Process Foreclosure is the process by which the lender takes control of the property which was pledged as collateral for the mortgage debt and sells the property to raise money to pay...
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What You Need to Know - Condominium and Homeoweners' Association Foreclosures in Florida
May 30, 2010
Can A Condo or Homeowners Association Foreclose? I am asked this question very frequently. The right of a condominium or homeowners association to foreclose on your property is controlled by state law...
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The Home Affordable Modification Program (HAMP) Explained
Feb 07, 2010
What is the Home Affordable Modification Program (HAMP) ? HAMP is a program (actually, half a program) developed by the Obama Administration as an attempted response to the foreclosure crisis in Amer...
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Beware of Short Sales in Florida
Aug 11, 2009
WHAT IS A SHORT SALE AND HOW DOES A SHORT SALE GET DONE ? A sale of property is considered to be a "short sale" if the selling price is less than the total amount necessary to satisfy all mortgages a...
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Help for Tenants in Foreclosure in Florida
May 23, 2009
The Protecting Tenants At Foreclosure Act was passed by Congress to attempt to address the problems facing people renting property which, through no fault of theirs, is now in foreclosure. It is impor...
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Mortgage and Loan Modifications - What Are They and How Do They Work ?
Mar 21, 2009
What is a Loan Modification ? Technically, anything that makes ANY change to the terms of a loan can be called a "loan modification". This creates a serious problem for borrowers, since consumers ha...
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Are You Considering Walking Away from Your Mortgage?
Feb 26, 2009
ARE YOU UPSIDE DOWN? The first issue is whether you owe more than your house is currently worth. When I ask people this question, they often don't know, but knowing the answer is critical. What you...
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Deficiency Judgments in Florida after Foreclosures or Short Sales
Jan 07, 2009
The topic of deficiency judgments is a very confusing one, since the laws that cover this are different from state to state. Florida definitely DOES allow deficiency claims, and unless borrowers under...
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Banking, Foreclosure, Mortgages and Mortgage Fraud
Oct 02, 2008
Is Your Mortgage a Purchase Money Mortgage or a Refinance ? A purchase money mortgage means a loan that was made specifically so that you could buy the house. These normally "close" at the same time ...
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