Many homeowners have trouble understanding and navigating the sale of distressed properties — a complex landscape like this one often calls for the assistance of an experienced real estate lawyer. The term “distressed property” refers to a home or other piece of real estate that is already owned by a bank or lender or a property about to be foreclosed upon. Navigating the sale of a distressed property generally requires the services of both a real e[ ... ]
Many homeowners think that if they fall far behind on their mortgage payments, their only option is foreclosure. However, if you’re at risk of mortgage foreclosure, you might have other options. You may be curious: What is a short sale? A short sale refers to when you sell the home for less than you owe on the mortgage. This option may help you avoid foreclosure and settle your debt with the lender. Here’s a look at short sales and how they work.[ ... ]
Facing foreclosure is an emotionally overwhelming experience, and those in this position are tasked with making important choices regarding their properties. For many, selling it is the best option. That said, foreclosure transactions are not particularly straightforward; there are multiple requirements to be met and information that must be dis[ ... ]
Selling a home in Florida can be intense; the laws are complex and the process is multifaceted. These transactions become even more involved when the property in question is in probate. In all cases, engaging reputable legal advice when selling a property is advisable. You want to take every precaution to protect your best interests. This step is even more important when yo[ ... ]
Life is unpredictable. Certainly, when you initially purchased your property, you did not see a foreclosure in your future. Yet, here you are. In times like this, making informed decisions is critical; the right choice is dependent upon a host of issues, and the best option for you may be very different from what is best for others in similar situations. Working with a[ ... ]
When you purchased your home, it likely never entered your mind that you would be facing foreclosure. Unfortunately, life is filled with unexpected twists and turns, many of which have severe financial implications. Even those with the best of intentions may find themselves in a position where they cannot afford to make their mortgage payments and keep the home they worked hard to purchase.[ ... ]
When it comes to real estate transactions in Florida, transparency is crucial. Buyers need to know the exact condition of a property, and sellers are legally obligated to provide that information. This is where the concept of disclosures comes into play. However, not all disclosures are created equal. At The Law Office of Carlos M. Amor, P.A., we understand the intricacies involved in real estate transactions, particula[ ... ]
Applying for a loan modification (one of your options to avoid foreclosure) is a step in the right direction if you can no longer make your mortgage payments and have received or believe you will receive a notice of foreclosure. You worked hard to purchase your property. It likely never entered your mind that your financial situation could change[ ... ]
Have you received a notice of foreclosure on your property, or do you expect to? If so, you are likely worried about losing your home, something you worked hard to purchase. Your fears are well-founded. While lenders do have the right to move forward in pursuit of what they are owed, there are laws in effect to protect borrowers who may fall behind on their mortgage payments. If you find yours[ ... ]
Facing a foreclosure is stressful; you are in danger of losing the property you worked so hard to purchase. Of course, there are a host of reasons why you may find yourself in this situation, especially when you live in Florida. Falling ill, changes in employment and even rising homeowners insurance rates can all result in your falling behind on your mortgage payments triggering legal action. But w[ ... ]