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Miami homeowners have experienced their share of housing troubles in the past decade. Defaults on subprime mortgages turned neighborhood subdivisions into eerie ghost towns dotted with properties worth far less now than when they were built. Repossessions...

For some homeowners who are facing foreclosure, a mortgage modification is a possible way to stop the foreclosure. Because these loan modifications can be complex, having someone familiar with them by your side as you go through the process is vital. For Florida...

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...

In one of our posts last week, we touched on how it is vital for people who are facing foreclosure to stay aware as they move through the process of trying to keep their home. Some people are preying on the desperation of people who want to save their home by using...

When it comes to foreclosure, it is no secret that Florida has had more than its fair share of difficulties. It seems as though those troubles haven't quite gone away yet. Florida is still one of the states at the top of the foreclosure list. While some people are...

We have discussed a lot of bankruptcy issues in this blog. Since we have discussed the financial implications, we need to talk about the emotional aspects of bankruptcy. The truth is that while bankruptcy can provide a lot of relief from financial strains, it can also...

If you are dealing with an underwater mortgage and are having trouble making the payments, you might start to think that you don't have any options other than to just sit back and allow the foreclosure process to take place. That isn't always the case. Some of our...

It's said that timing is everything, and that can be especially true when it comes to financial matters. Florida residents may be interested in knowing that some in the financial industry believe that interest rates will again be climbing later this year. If that is...

Floridians who are struggling to make their monthly mortgage payments and fear foreclosure can turn to some programs that President Obama initiated. The administrators of most of the below programs for American consumers are the Departments of Housing and Urban...

We have often discussed how foreclosures are affecting some families in Florida. While some people opt to fight that foreclosure, others decide that it is best to simply move on. Those people move out of the home that is being foreclosed upon. In some cases, those...

It's no secret that the owners of payday loan companies reap huge profits off the backs of their low-income customers. Poorer neighborhoods in and around the Miami area are dotted with them, block after block. While it can be a good thing to have somewhere to turn in...

In our last blog post, we discussed how falling into the cycle of payday loans can lead to financial devastation. Sadly, some people might feel the pressure of creditors in such a way that they feel they have no other options available. In some cases, people are...

Foreclosures in Florida have been a big problem since the Great Recession. While the nation as a whole is recovering from the foreclosure boom, Florida still tops the list of states with the most foreclosures with more than double the state in the number two slot....