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 sales within twenty (20) days.
Posted by on
4.30.12
in
Real Estate.
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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 managers to preside and assist in foreclosure hearings
Posted by on
5.8.12
in
Real Estate.
(FL)
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The record $25 Billion Dollar National Mortgage Settlement Agreement signed earlier this year involved 5 big lenders. According to recent reports, the Federal Reserve is now adding another 8 to the list.
Posted by on
5.27.12
in
Real Estate.
(FL)
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May 27, 2012 · Posted in bankruptcy · Comment (Edit)
Bankruptcy is an option for some people who are overwhelmed by their debt. At times, stress is caused from debt related issues. This stress can lead to illness, loss of employment or even divorces. One could possibly avoid all the above mentioned issues by relieving their stress. Many times, filing bankruptcy is ones best option.
Posted by on
5.27.12
in
Bankruptcy.
(FL)
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These last few years have had many homeowners default on their mortgage. If you are one of them, you should look into the various options you may have available to you to resolve this matter. If you are employed with income coming in monthly indefinitely you may be eligible for a Home Affordable Modification Program (HAMP).
Posted by on
9.27.12
in
Real Estate.
(FL)
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Short sales in Florida occur when a homeowner who can no longer afford to pay for their mortgage may avoid foreclosure and get out of the debt with minimal financial damage by he selling the property for less than the mortgage amount. Since the lender must accept less than what they are owed in order for a short sale to be approved, it is the lender’s decision whether or not to accept the short sale offer proposed by the homeowner.
Posted by on
11.12.12
in
Real Estate.
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Florida Statute 702.10 was enacted to allow foreclosure Lenders a procedure by which they may attempt to expedite the foreclosure process when they serve the homeowner with a foreclosure lawsuit. Following the procedure of Florida Statute 702.10, once the Lender serves you with a foreclosure lawsuit, the Lender must file a motion for an Order to Show Cause and then the Court will enter an Order requiring the homeowner to appear in court and contest why a Final Judgment of Foreclosure should not be entered
Posted by on
5.5.13
in
Tax Law.
(FL)
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A short sale allows a homeowner to sell a home where more is owed than what it is worth. Unfortunately, many short sale misconceptions have developed. It is important to clarify these misconceptions.
Posted by on
5.21.13
in
Real Estate.
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The loan modification process typically takes six (6) months to nine (9) months depending mostly on your bank and your ability to efficiently work through the process with your attorney. Of course, the loan modification timeline is not set in stone and the more complex your situation or the greater the degree of concessions needed from the investor, the longer the process takes.
Posted by on
6.5.13
in
Real Estate.
(FL)
|
The loan modification process typically takes six (6) months to nine (9) months depending mostly on your bank and your ability to efficiently work through the process with your attorney. Of course, the loan modification timeline is not set in stone and the more complex your situation or the greater the degree of concessions needed from the investor, the longer the process takes.
Posted by on
6.5.13
in
Real Estate.
(FL)
|