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Archive for Florida foreclosure
Sep
30
Foreclosure Process In Florida? Avoid Foreclosure Monroe
Posted by: | CommentsForeclosure Process In Florida? Avoid Foreclosure Monroe
I had to file bankruptcy due to the loss my home took and the ARM rate I was locked into. After SEVERAL attempts to work something out with my lender it became obvious bankruptcy was my only option to avoid the deficiancy judgement. Bankruptcy is done and over with however I am still in the home. I was FINALLY just served my first set of paperwork for the foreclosure last night. Can someone who has been through this tell me what is next? I don’t see a date on the paperwork for the auction of the home and from what I understood I could basically stay in the home until the day of the auction? Thanks for your help.
Sep
27
Avoid Foreclosure Monroe – Foreclosure Defense Attorney – Helping Homeowners Avoid Foreclosure
The last couple of years have been quite unstable for the housing market. People are facing foreclosure and losing their homes. According to statistics, in Florida 4% of all the mortgages are facing foreclosure proceedings. It is obvious that the situation is really bad; however, a homeowner can seek the help of a foreclosure defense attorney to know his/her options.
The fact is that for vast majority of people foreclosures are stressful, confusing and overwhelming because they do not know much about the foreclosure proceeding. They are not aware of the fact that there are options available to them that can help them avoid foreclosure proceedings.
Loan Modification
A specialized foreclosure defense attorney can lay out the options available to homeowners who are facing foreclosure. Under the Housing Bill passed by President Obama, homeowners facing foreclosure can go for loan modification. Assistance of a foreclosure defense attorney can help a homeowner negotiate the mortgage modification with the lenders.
Short Sale
Still another option that homeowners have is that of short sale. Under this option the homeowner will sell the mortgaged property for less than balance owed on the loan. The proceeds of the sale are given to the lender. Before the sale, the short sale lawyer will negotiate with the bank. The short sale attorney will convince the bank that due to economic or financial hardship, the bank should agree to a discount the loan balance. Therefore, after the house is sold the remaining balance is discounted.
Deed In Lieu
Another way that a homeowner can avoid foreclosure is by opting for deed in lieu. The homeowner’s real estate attorney will negotiate with the lender. The homeowner will sign over the deed or title of the property to the bank and the bank in return will cancel the mortgage.
Bankruptcy
Another option that a real estate lawyer can suggest to a homeowner is that of filing bankruptcy. This will not only stop all foreclosure proceedings but will also give a chance to the homeowner to repay some of the debt and retain the house.
Refinancing
A Florida real estate attorney can also suggest the option of refinancing to avoid foreclosure. Refinancing simply means that the homeowner replaces the existing mortgage with a new one. In most cases, the new mortgage comes with lower interest rates and better terms and conditions.
Reverse Mortgage
A very good option that a foreclosure defense attorney might suggest is that of reverse mortgage. This is simply a loan against the property. A homeowner does not need to repay the loan as long as he/she lives there. However, this option is mostly available to those who own the property and are over 62 years of age.
Contesting Foreclosure
In many cases it has been seen that homeowners can successfully contest foreclosure proceeding. A foreclosure defense Jacksonville lawyer can help homeowners find the legal grounds on which the proceedings can be challenged. It might be possible that the mortgage company has filed the foreclosure proceedings illegally. A cautious attentive homeowner with the help of a foreclosure defense Florida attorney will be able to figure out what is illegal about the proceedings.
The bottom line is that there are several options available to homeowners to help them avoid foreclosure. It is upto the homeowners to seek these options. A foreclosure defense attorney will act as a specialist guide in their efforts to avoid foreclosure.
The last couple of years have been quite unstable for the housing market. People are facing foreclosure and losing their homes. According to statistics, in Florida 4% of all the mortgages are facing foreclosure proceedings. It is obvious that the situation is really bad; however, a homeowner can seek the help of a foreclosure defense attorney to know his/her options.
The fact is that for vast majority of people foreclosures are stressful, confusing and overwhelming because they do not know much about the foreclosure proceeding. They are not aware of the fact that there are options available to them that can help them avoid foreclosure proceedings.
Loan Modification
A specialized foreclosure defense attorney can lay out the options available to homeowners who are facing foreclosure. Under the Housing Bill passed by President Obama, homeowners facing foreclosure can go for loan modification. Assistance of a foreclosure defense attorney can help a homeowner negotiate the mortgage modification with the lenders.
Short Sale
Still another option that homeowners have is that of short sale. Under this option the homeowner will sell the mortgaged property for less than balance owed on the loan. The proceeds of the sale are given to the lender. Before the sale, the short sale lawyer will negotiate with the bank. The short sale attorney will convince the bank that due to economic or financial hardship, the bank should agree to a discount the loan balance. Therefore, after the house is sold the remaining balance is discounted.
Deed In Lieu
Another way that a homeowner can avoid foreclosure is by opting for deed in lieu. The homeowner’s real estate attorney will negotiate with the lender. The homeowner will sign over the deed or title of the property to the bank and the bank in return will cancel the mortgage.
Bankruptcy
Another option that a real estate lawyer can suggest to a homeowner is that of filing bankruptcy. This will not only stop all foreclosure proceedings but will also give a chance to the homeowner to repay some of the debt and retain the house.
Refinancing
A Florida real estate attorney can also suggest the option of refinancing to avoid foreclosure. Refinancing simply means that the homeowner replaces the existing mortgage with a new one. In most cases, the new mortgage comes with lower interest rates and better terms and conditions.
Reverse Mortgage
A very good option that a foreclosure defense attorney might suggest is that of reverse mortgage. This is simply a loan against the property. A homeowner does not need to repay the loan as long as he/she lives there. However, this option is mostly available to those who own the property and are over 62 years of age.
Contesting Foreclosure
In many cases it has been seen that homeowners can successfully contest foreclosure proceeding. A foreclosure defense Jacksonville lawyer can help homeowners find the legal grounds on which the proceedings can be challenged. It might be possible that the mortgage company has filed the foreclosure proceedings illegally. A cautious attentive homeowner with the help of a foreclosure defense Florida attorney will be able to figure out what is illegal about the proceedings.
The bottom line is that there are several options available to homeowners to help them avoid foreclosure. It is upto the homeowners to seek these options. A foreclosure defense attorney will act as a specialist guide in their efforts to avoid foreclosure.
Sep
21
Avoid Foreclosure Monroe – American Dream or Mortgage Nightmare: Techniques for buyers, sellers, agents and homeowners who want to avoid and recover from foreclosure! (Paperback)
Product Description
We cannot change what has happened with the mortgage industry in our country, but we can change our outcome. I truly believe that we were not put here to live in poverty, but to be prosperous, to have homes for our children and our childrens children. We should not have to choose between making a mortgage payments and purchasing food, clothes or even prescriptions for our families. Learn the practical and biblical techniques that can change your future and help you to achieve your American dream and the dreams that the Lord has for all his children.
About the Author
Michelle Pettway has been a licensed real estate in the state of Georgia for several years. Her field of expertise is the preforeclosure market. She also enjoys teaching and training others in the field real estate.Originally from New York, Michelle attended The State University of New York at New Paltz. In 1991 she relocated to the Metro Atlanta area where she met her now husband of seventeen years, together they have two teenage daughters. Michelle and her family are faithful members of Saint Philip AME church in Decatur GA, where Michelle is also a dedicated Class Leader. Michelle also holds a seat on the Education Committee for the Dekalb Association of Realtors, and is the CEO of her own training and consulting company, MCP Enterprises, LLC. This is the first of many books she plans to publish in the coming years.
Sep
19
Avoiding Florida Foreclosure (Paperback)
Posted by: | CommentsAvoiding Florida Foreclosure (Paperback)
Product Description
Don’t let foreclosure happen! This book will tell you everything you need to know to avoid foreclosure, stay in your home for as long as possible, and give you a good idea of what time frame you’re looking at. Several options and choices are available to you and you’ll find out the good, the bad, and the ugly on each choice and option. It’s only too late if your house has actually been foreclosed and sold at auction. If it hasn’t, you still have time!
Buy Avoiding Florida Foreclosure (Paperback) at Amazon
Sep
18
Avoid Foreclosure Florida
Posted by: | CommentsWelcome to http://avoidforeclosureflorida.org. This is your first post. Edit or delete it, then start blogging!