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....
Continue readingFacing 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 what if you were not at fault? Could errors by your loan servicer actually cause a foreclosure? Unfortunately, the answer is yes. Types of Mortgage Errors Lenders Make Not Every Mistake Is the Same Purchasing a...
Continue readingPurchasing property is exciting and a bit overwhelming. After all, your newly acquired home is likely your largest asset, one for which you spent years saving. While the prospect of making such a significant investment may be daunting, you likely approached this transaction in good faith, with the belief that you were financially stable and capable of making all mortgage payments....
Continue readingIf you acquired your home under a mortgage agreement, it's because you hoped to pay it off as and when due. Unfortunately, life happens, and unforeseen circumstances may make you incapable of living up to your mortgage obligations. After missing your payments or receiving a notice of default, the fear of losing your precious home starts staring you in the face. The only question on your mind at this point is, "Are there any alternatives to foreclosure in Florida?"...
Continue readingHiring a real estate attorney is one of the first actions you should take with any real estate transaction. Property sales, purchases, transfers, or foreclosures can experience unexpected twists and turns. The scope of your transaction may extend beyond your ability to understand or to manage alone. Therefore, hiring a real estate attorney can benefit you greatly, especially if you hire such an attorney as soon as possible. 5 Reasons Why Hiring a Real Estate Attorney Now is a Smart Move A real estate transaction is a serious legal matter that involves intricate details. One misstep or overlooked detail can derail the purchase...
Continue readingUnexpected challenges can often disrupt the smooth flow of financial stability. Economic downturns, market fluctuations, or unforeseen circumstances can create a financial strain for property owners, whether residential or commercial. When faced with financial hardship, individuals and businesses might consider a forbearance agreement a lifeline to navigate these challenging times. Forbearance, though it may sound complex, is essentially a brief pause of loa obligations. It's a formal arrangement between the mortgage lender or bank and the property owner that permits the owner to temporarily defer a mortgage payment in case of unexpected financial challenges. Additionally, there are provisions for individuals who...
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