The thought of losing your home can be a scary proposition. After all, your home is the centerpiece of your family's life, the place you consider your sanctuary from the world. Unfortunately, there are times when life intervenes and making those mortgage...
Bankruptcy and Foreclosure Proceedings
DEVELOP A PLAN THAT GUARDS AGAINST HOME FORECLOSURE
The family home is the greatest asset that you will own when it comes to economic security and emotional commitment. You strive to provide a safe and happy place to raise your children and build memories that will last a lifetime. Unfortunately, your financial...
CAN FILING BANKRUPTCY HELP WHEN FACING FORECLOSURE IN FLORIDA?
People often wonder whether filing bankruptcy would help them when their property is about to be foreclosed on. While it is not the ideal situation, many Florida residents find themselves falling behind on their mortgage payments, and while some consumers are able to...
OVERVIEW OF MORTGAGE FRAUD
Mortgage fraud is, unfortunately, an ongoing problem all over the country. When the 2008 Financial Crisis struck, many people lost their homes as the banks foreclosed on them. But, many banks do not directly attempt to collect on bad debts because the cost is...
BANKRUPTCY AND FORECLOSURE: WHAT ARE THE LIMITS?
Many people choose to file bankruptcy when they want to start over by wiping their financial slates clean. Some Florida residents have chosen bankruptcy as a way to stop foreclosure, reduce their monthly payments or just remove their debt altogether. But are there...
MAN FOUND GUILTY OF FORECLOSURE SCAM
After just for days of trial, a jury in another state has found a 29-year-old man guilty on various counts of fraud. According to the evidence presented at the trial, the man was pronounced guilty of eight counts of mail fraud affecting a financial institution and one...
HOW CREDIT SCORES ARE AFFECTED BY REPOSSESSION
It can happen to anyone. Loss of a job, an illness, a death or any other loss of income can cause Florida residents to experience a repossession. While it can be embarrassing for someone to have a car, home, boat or other property repossessed, a main concern is likely...
BANK OF AMERICA FINED $45M FOR IMPROPER FORECLOSURE PROCEEDINGS
A large bank has been given hefty fines for handling a foreclosure case improperly. The Bank of America, a popular bank in Florida and across the country, has been fined $45 million for its response to one couple who tried in vain to stop their home from being...
NEW BILL HELPS SANDY VICTIMS AVOID FORECLOSURE
A new law in one northeastern state will help the victims of Hurricane Sandy and could be a stepping stone for aid to others in coastal areas. For those victims who are still having a hard time paying their mortgages, this law could keep them out of foreclosure....
FAMILY OF TEEN WITH CEREBRAL PALSY FACING FORECLOSURE
Two parents and a teenager, who was diagnosed with cerebral palsy at the age of 6 months, could face losing the home the girl has lived in for most of her life. The Florida family is facing foreclosure because of a high-interest, short-term mortgage with a balloon...