Bankruptcy and Foreclosure Proceedings

Many Florida homeowners who were victimized by predatory lending practices or who fell on hard economic times can find themselves on the brink of foreclosure of their homes. That is a very scary and precarious position to be in, especially if they have families. But...

Miami residents who went bottom up in the recent mortgage crisis and who wound up with underwater mortgages and had to walk away may just now be getting back on their feet. Most may assume that the worst is over and they can begin again on surer financial footing....

In last week's post, we briefly discussed deficiency decrees and how those can affect homeowners who are facing foreclosure. Our readers in Florida might like to know more about deficiency judgments and how they work. In Florida, the court has the sole authority over...

The chairman of the Federal Housing Finance Agency, which is the agency that oversees the two government-sponsored enterprises Freddie Mac and Fannie Mae, gave a recent speech at the yearly conference of the Mortgage Bankers Association. He suggested that mortgage...

When Florida residents contemplate filing bankruptcy, often it is because they are struggling to pay off a looming mountain of medical debt. Statistical data from a Harvard study shows that annually one in five adults in the United States are unable to pay their...

We have often discussed foreclosures in Florida. Those blog posts might have some of our readers wondering how the foreclosure process works in the state. Knowing a little bit about foreclosures might help you to make decisions about how you should handle a...

In our Nov. 12, 2014 blog post, we discussed some of the points surrounding a judicial foreclosure. That post might have some of our readers wondering what they should do if they find out that their home is facing a foreclosure. The truth is that there are several...

Picture this scenario that some older or even middle-aged Miami residents may be facing. A 56-year-old man without any savings is facing retirement in two years, which is happening more and more often as businesses are encouraging workers to take early retirements to...

Facing a foreclosure on your home is nothing that anyone ever wants to go through. Fortunately for Florida residents, keeping your home despite the foreclosure might be possible. Florida was one of the first states to mandate mortgage modification mediation. This...

It's unfortunate, but some Miami residents who have fallen on hard times have been further victimized by scammers. These predators seek out those consumers who are desperate to save their homes from foreclosure. When people are in dire financial straits, they become...