OPTIONS WHEN IN FORECLOSURE IN MIAMI, FLORIDA
May 26, 2012
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 clien...
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ROBO SIGNED DOCUMENTS, WILL IT MAKE IT’S IMPACT IN FLORIDA?
May 26, 2012
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 jud...
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Benefits of a Deed in Lieu with a Waiver of Deficiency in Florida
May 26, 2012
As Florida homeowners, we are sometimes placed in situations where we are left in financial distress, questioning if thedecisions weve made are for better or for worse. Weve all faced, or are facing wh...
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What to expect at a Florida Foreclosure Mediation
May 26, 2012
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...
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Florida Short Sales and 1099′s
May 26, 2012
If a Lender writes off debt in a short sale, its a taxable event, and the lender tells the IRS about the transaction by submitting a Form 1099-C, Cancellation of Debt at the end of the year. Home selle...
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SECOND LIEN MODIFICATION PROGRAM UNDER HAMP
May 26, 2012
If your first mortgage was permanently modified under Home Affordable Modification Program and you have a second mortgage on the same property, you may be eligible for a modification or principal reduc...
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PRINCIPLE REDUCTION ALTERNATIVE UNDER HAMP
May 26, 2012
If your home is currently worth significantly less than you owe on it, MHAs Principal Reduction Alternative was designed to help you by encouraging mortgage servicers and investors to reduce the amount...
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The Basics of the Home Affordable Refinance Program (HARP)
May 26, 2012
There are some very basic requirements that will allow you to determine whether you may be eligible for Home Affordable Refinance Program (HARP) if you meet all of the following criteria:
The mortgage ...
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Why Florida's Foreclosure Machine Is Slowing Down
May 08, 2012
The State of Florida has the third highest foreclosure rate in the United States after Nevada and Arizona. Florida's legislature appropriated $9.6 million this year to hire semi-retired judges and case...
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Bank of America Announces “Quicker” Short Sales
Apr 30, 2012
In mid-April, Bank of America announced the roll out of a new and more efficient short sale process.Bank of America claims that this new shorter and quicker process will allow for decisions on short sa...
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