Providing up to $50,000.00 in mortgage payment and reduction of mortgage balance, the Florida Hardest-Hit Fund Principal Reduction program will reopen on May 15, 2014 at 9 AM. Last year the program accepted 25,000 applications and provided aid to more than 2400 homeowners. The qualifications for the program are strict and require, among other things, that […]
Ever since the real estate bubble burst, securing financing for the purchase of real estate has been challenging. Tighter loan restrictions and fewer, more strict lending programs have stymied many real estate purchasers. The Qualified Mortgage Rule went into effect on January 2014 to address these issues but how are homebuyers impacted by this new […]
The court system is making significant progress in tacking Florida’s backlog of mortgage foreclosure cases. In recent meetings, the circuit met with banking representatives to initiate a new banking servicing rule that took effect January 10, 2014. The Consumer Financial Protection Bureau explains that under this rule, “the lender or mortgage loan servicer can not […]
Realtors, homeowners, let us handle your short sales. Our proven track record of getting files negotiated under 90 days time, with as many homeowner HAFA and seller incentives as possible speaks for itself. At the Law Offices of Jacqueline A. Salcines, PA, our main goal is to protect our seller client. If a short sale […]
You have time. That is what we all wish we had more of. However, as a homeowner in foreclosure, if you are facing a FORECLOSURE SALE DATE and think you have run out of time, you may be wrong. The bank wants you to believe that. Often, they even place fraudulent calls to the homeowner […]
If you are one of the many homeowners that fell prey to all the botched up loans that were foreclosed on in 2009, 2010 and 2011, spearheaded by some of the many firms and attorneys no longer existing today, you are probably wondering why your lender has not refiled its foreclosure. In fact, sometimes even […]
United States and Florida law is much different from laws around the rest of the world. Specifically with the advent of so many bank owned properties, foreclosures, liens, judgments and other crucial instruments that may cloud title. The single most important thing a real estate investor can do is hire the services of an attorney […]
HOA liens for nonpayment of maintenance or assessments are permitted under the Condominium or Homeowner Association documents. Pursuant to Florida Statutes, and assuming the proper authority vested in the condominium or HOA documents, associations are permitted to file a claim of lien against the property owner for nonpayment of any assessments or maintenance amounts past […]
The transfer of a property by virtue of a Quit Claim Deed removes the person from title, however does not relieve the person from a mortgage debt or obligation under the terms of the Promissory Note. Often times, borrowers believe that by filing a Chapter 7 bankruptcy or Chapter 13 to include the mortgage debt, […]
Yesterday we had the honor of calling up yet another client to advise of his loan modification approval and a more than $200,000 principal reduction on his loan. This put his new mortgage principal at almost fair market value for his home, and a 2 percent interest rate. His monthly mortgage payment was reduced by […]