In the current Florida housing market, many people hear the term short sale or even look at these properties when trying to purchase a home, but they do not understand what a short sale is. A short sale occurs when someone owes more on his or her home than it is worth, which also known […]
FOR HOMEOWNERS WHO SHORT SALED OR MODIFIED THEIR LOANS IN 2014, THE GOVERNMENT EXTENDED THE PROTECTION UNDER THE MORTGAGE DEBT RELIEF ACT OF 2007. WHILE CONGRESS HAD HOMEOWNERS ON PINS AND NEEDLES TO THE END OF 2014, NOT KNOWING WHETHER THE DEADLINE OF DECEMBER 31, 2013 WOULD BE EXTENDED THROUGH 2014, IT WAS FINALLY ANNOUNCED […]
Watching the Oscars tonite, I couldn’t help but feel such overwhelming pride for all the winners. Reaching the height of their career, with limitless possibilities for the future. As one of the winners was so poignant to point out “this country was built on hope” and I felt that hope alive for all the actors […]
This week, the short sale arm of the Making Home Affordable Program, HAMP, known as HAFA, announced an increase to $10,00 in its payout relocation assistance to property owners. For short sales commenced after February 1, 2015, homeowners who qualify under the HAFA program, are eligible to receive a $10,000 check from their lenders. Additionally, […]
A reverse mortgage is a mortgage taken by an elder homeowner, wherein the lender gives a mortgage on the property, often with a cash out to the owner. The terms of the reverse mortgage call for no payments while the homeowner resides on the home, except for taxes and insurance, rather the principal and interest […]
Hard to believe that with the double digit increase in real estate values in Florida, many homeowners still find themselves underwater with their mortgages, but this is a fact. Victims of overextended credit limits, overinflated home appraisals during the mortgage crisis, and rising taxes and forceplaced insurance, has caused many homeowners to simply not be […]
A new law in Florida passed in 2013, seriously limits the time frame a lender can pursue a deficiency judgment against a borrower in Florida. A deficiency judgment is the difference between the Final Judgment award to the lender on the recorded final judgment document and the amount recuperated by the lender after the foreclosure […]
Once a lawsuit in foreclosure is filed, a defendant has 20 days to file an answer. However, the service must be proper in order to be valid. Florida Rules of Civil Procedure require a process server, and not the Plaintiff, to serve the Defendant. Service must be performed by personally finding the defendant and handing […]
When served with a foreclosure lawsuit, a defendant has 20 calendar days to file their answer with the court and the bank’s attorney. The 20 day time period starts the day that the defendant is served. Service by a process server, or pseudo-sheriff is required, and the foreclosure can not merely be mailed or left […]
IF YOU ARE EXPERIENCING TROUBLE MAKING YOUR MORTGAGE PAYMENTS, ANTICIPATE A JOB LOSS OR LOSS OF INCOME, OR A MEDICAL CONDITION OR DIVORCE HAS LEFT YOU UNABLE TO MAKE THE MORTGAGE PAYMENT, WE ARE HERE TO HELP! AT THE LAW OFFICES OF JACQUELINE A. SALCINES, P.A. WE HAVE BEEN ASSISTING BORROWERS WITH THEIR BANKING AND […]