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PLAXICO BURRESS SELLS HOME IN SHORT SALE TO AVOID FORECLOSURE
With the improving economy, many people think that the need to fight foreclosure has ended. For some Americans, however, it is still a very real concern. Recently, Plaxico Burress had to sell his Lighthouse Point home in a short sale to avoid foreclosure. When a...
FLORIDA MAYOR FACING FORCLOSURE SETTLES IT
For anyone who is facing a foreclosure, hearing stories about people who were able to stop the foreclosure process is almost like a breath of fresh air. Those stories aren't as common as stories about people who lose their homes to foreclosure. If you are facing...
BEWARE OF LEGAL AND FORECLOSURE EMAIL SCAMS IN FLORIDA
For a homeowner, almost any mention of foreclosure is enough to turn a regular day into a stressful day. Imagine what it would be like if you opened your email only to find a notice that deals with you having to move out of your home because it is being foreclosed...
FLORIDA COUNTY WORKING THROUGH BACKLOG OF FORECLOSURE CASES
Fighting foreclosure is something that most people in Florida associate with a lengthy process, in part because Florida is a judicial foreclosure state. In recent years, that has certainly been the case. That, however, seems to be changing. One judge in Florida says...
FLORIDA COUPLE RETURNS TO FIND HOME WRONGLY FORECLOSED
The feeling of being able to say that you own your home free and clear is one that most homeowners are eager to experience. For one couple with a home in Broward County, Florida, that has been a feeling they have known for 15 years. The couple, however, discovered...
D.R. HORTON MISMANAGES FLORIDA COMPLEX’S FUNDS
Residents in one Florida neighborhood have nothing good to say about "America's homebuilder," D.R. Horton Inc. The Miami Gardens community of Majorca Isles was intended to be a high-end townhouse complex of 650 units centered around a man-made lake. Some residents...
FLORIDA STILL LEADS THE NATION IN COMPLETED FORECLOSURES
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...
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...
FLORIDA HAS 8 SPOTS IN TOP 10 METROPOLITAN AREA FORECLOSURES
It seems as though people in Florida just can't get past the massive foreclosure filings that are keeping the state in the top spot for number of homes in the foreclosure process. For the eighth straight month, Florida holds that dubious distinction. In the RealtyTrac...
FLORIDA CHURCH TO BE AUCTIONED OFF FOR $29 MILLION DEBT
A church in Florida, known as Without Walls Central Church, is going to go up for auction. It is located in North Lakeland. The auction comes after the organization found itself facing around $29 million in debt. The church has been involved in bankruptcy proceedings...
SOME FLORIDA RESIDENTS TO GET FORECLOSURE SETTLEMENT CLAIM FORMS
Some residents in Florida might soon be getting some compensation for having to deal with foreclosure abuse and mortgage servicing misconduct by Ocwen Financial Services. More than 26,000 residents had their homes foreclosed upon from January of 2009 through December...
MAN FACES FORECLOSURE OVER AMERICAN FLAG
When someone buys a home, they usually look forward to being able to do whatever they want to their home when it comes to decorating it. While that is the case for many homeowners, those who are under the thumb of a homeowners' association might not be able to fulfill...
UNDERSTAND FLORIDA PERSONAL BANKRUPTCY BASICS BEFORE FILING
When you decide that you need to file for bankruptcy protection, one of the first decisions you have to make is what type of bankruptcy to file. For most people, Chapter 7 bankruptcy and Chapter 13 bankruptcy are the two options. Understanding these differences might...
FORECLOSURE RATES DOWN, BUT FLORIDA STILL LEADS THE COUNTRY
As the economy continues to recover, there's generally good news on the foreclosure front. Foreclosure filings in the U.S. were nearly 20 percent less in the first half of this year than in the same period during 2013. These include bank repossessions, scheduled...
FORECLOSURE DOESN’T HAVE TO BE AN ABSOLUTE IF YOU ACT FAST
An old adage says that your home is your castle, so when you are threatened with losing your home, you likely want to fight to keep it. Learning about your options to keep your home can be a complex undertaking during which you can benefit from getting your questions...
FORECLOSURES DOWN NATIONALLY, PROBLEMS STILL PRESENT IN FLORIDA
It is no secret by now that foreclosures are affecting many families in Florida. While Florida is known as one of the top vacation spots in the country and the home of a world renowned amusement park, the state also holds the distinction of being one of the top states...