When a struggling homeowner is trying to avoid foreclosure, a short sale process may seem like a solid option. But what is the process of a short sale and how does it work in Florida? If a homeowner is selling the home for less than what is owed on it, it is...
Are you living in fear of being served a foreclosure notice in Florida? Or are you already in foreclosure? Regardless of the situation, the critical question is the following: how do you fight the foreclosure process and prevent losing your property in Florida. ...
When you are in financial difficulty, it may seem impossible to keep making payment. What happens, however, when creditors run out of patience and file suit? Here’s what to do if a debt collector sues you. Debt Collection Lawsuits Debt collection lawsuits are the most...
Having your home foreclosed upon by your mortgage lender is an experience no one ever wishes to have. But what happens if you think the lender foreclosed due to a mistake? Or even worse, due to negligence or fraudulent reasons. If this has happened to you, you may be...
Florida has the second highest rate of bankruptcies in the nation. Upwards of 94,800 filings occurred in 2011. Thankfully, that number is less today. There were a total of 15,434 bankruptcy filings in South Florida in 2017. While the number of individuals...
The median sale price of single family homes in Miami-Dade rose 9.7% over the last year. The total dollar volume of single family homes sold in October 2017 exceeded $481 million. The number of pending listings fell more than 15%. The median time to contract was less...
Many Florida residents are in a financial crisis. Our posts have focused on the increase of bankruptcy filings in seniors and other residents, and we have discussed the rise in foreclosures and people facing foreclosure. According to an article published by The Wall...
Earlier this month, the Supreme Judicial Court of Massachusetts made a unanimous ruling that two home foreclosures in Massachusetts were invalid. Both foreclosures took place in 2007 when the homes were seized by Wells Fargo & Co. and US Bancorp. According to the...
Although many individuals in Florida are losing their homes to foreclosure because they can no longer afford to make their monthly mortgage payments, others are choosing to default for a completely different reason. The CBS News reported at the end of January that...
Although our blog mainly focuses on the benefits of Chapter 7 and Chapter 13 bankruptcy protection, today we are going to discuss Borders Group Inc. and the bookseller's decision to file for Chapter 11 bankruptcy protection. After several attempts to save the business...