The last few years have been difficult for many homeowners. The number of completed foreclosures since the financial crisis started in September of 2008 was approximately 4.9 million across the country. According to the latest CoreLogic analysis, the foreclosure rate...
Bankruptcy and Foreclosure Proceedings
FLORIDA SERVICEMEN MUST CONSIDER FINANCIAL DECISION IMPLICATIONS
Members of the military, including those who are stationed at Coast Guard Station Miami Beach, Integrated Support Command Miami or the AUTEC Complex, are sometimes thought of as people who are enjoying the benefits of serving our country. While it is true that members...
FLORIDA HOTEL TO BE AUCTIONED IN MAY
One of Boca Raton's hotels will soon be on the auction block due to bankruptcy. The Guest Suites at 701 N.W. 53rd St. is owned by Shubh Hotels Boca LLC. The corporation filed for Chapter 11 in February in an attempt to stop a foreclosure auction. The...
BANKRUPTCY AS A TOOL TO STOP FORECLOSURE
Getting a notice of foreclosure on your home in the mail isn't something that any homeowner wants to happen. For millions of homeowners in the country, that is a sad reality. While some homeowners are able to secure loan modifications and other arrangements from the...
IS IT TIME TO HIT THE FORECLOSURE KILL SWITCH?
Florida homeowners make up a portion of the 9.1 million Americans struggling to hang onto homes that are worth at least 25 percent less than their mortgaged value. In this climate of uncertain financial futures and unsteady economic opportunities, homeowners still...
FLORIDA PROGRAMS TO STOP FORECLOSURE CRITICIZED
Almost all homeowners are aware that there are programs available to help homeowners who are behind on their mortgage payments. These programs have left a bad taste in the mouths of some homeowners who have worked to try to keep their mortgage payments up but still...
FLORIDA LEADS NATION IN APRIL FORECLOSURES, NUMBERS DECLINING
Florida is again leading the nation for the number of foreclosures. Sadly, for homeowners who are receiving foreclosure notices, this fact is probably not really news. In fact, a foreclosure was filed on one out of every 400 homes in the state last month. The report...
MIAMI DEVELOPER NOT RESPONSIBLE FOR FORECLOSURES
An arbitrator involved in litigation between two developers for Miami Worldcenter and a commercial broker ruled recently in the developers' favor even though attorneys for the broker say the arbitrator's award cannot be used against her in pending litigation. The long...
JUDGE DENIES BURT REYNOLDS’ REQUEST TO STOP FORECLOSURE ON HOME
With one out of every 400 homes in Florida currently at some stage in the foreclosure process, it likely won't come as a shock to residents to learn that a home is going up for foreclosure. While it won't comfort Florida homeowners who are facing foreclosure, some...
FORECLOSURES MAY RESULT IN DEFICIENCY JUDGMENTS
Florida residents going through financial crises due to bankruptcy or foreclosure may be dealing with an unpleasant aftereffect known as a deficiency judgment. In Florida, when foreclosure occurs, the state courts grant the judicial filing. However, often more money...