Recent changes in the handling of FHA loans under the Making Homes Affordable Program under the Home Affordable Modification Program, has now made it significantly easier for underwater homeowners with FHA loans to qualify. Many obstacles and requirements were removed, making those with FHA loans that were previously turned down or ineligible to now qualify. These […]
Many homeowners today are very confused, awaiting the approval of a loan modification or short sale, only to receive notice from their lender that the loan servicer or the servicing of their loans is now going to be handled by another bank or lender. The change in servicing or notice of servicer change is becoming more and […]
This is the million dollar question asked by homeowners that are looking to sell their property in today’s market. Many clients are visiting our offices with the notion of a short sale or loan modification. However, once we are able to run the property on the MLX and prepare a Comparative Market Analysis by square […]
If your foreclosure case is set for trial, or set for foreclosure sale or auction, we can assist you. Many borrowers have found themselves against the wall with a pending foreclosure sale date and think that this is the end of the line for their short sale or loan modification, and this can not be […]
We can blame the higher interest rates in the past months for the swarm of cash buyers picking up properties in Florida. “In July 2013, about 40% of the residential property sales were all cash transactions. This is an increase of 35% from June. Short sales also saw a huge rise in July, increasing by […]
Homeowners may not be aware of a Florida Statute that permits Homeowner Associations and Condominium Associations to lien a property for nonpayment. No matter how small the debt owed, sometimes even a $25.00 late fee, the lien can then be foreclosed upon by the Homeowners Association or Condominium, resulting in the homeowner losing their home. And […]
Last week, I closed a short sale and I gave the homeowner/seller a check for $35,000.00 from Bank of America as a seller incentive to short sale their property. This incentive came directly from the lender. The terms of the short sale also included a complete write off of the debt and waiver of the […]
In this day and age, it is hard not to find an attorney out there that handles loan modifications, short sales and foreclosure defense. Yet, many of these attorneys claim they help their clients save their properties, while charging them monthly for their services. Only to put the homeowner in jeopardy after years of […]
Many homeowners who find themselves underwater with the mortgages on their properties do not know the possibility exists to reduce or simply eliminate their second mortgage if they qualify. Many second lenders that hold second mortgages have been in the habit of sending negotiation letters to borrowers, advising them that they will settle for pennies on […]
In today’s low inventory market, it has become more and more difficult to find great deals. The deals we saw in 2009 through 2011 of distressed properties that resulted in great investments are few and far between these days. Brazilians, Argentinians, Venezuelans, Mexicans, Colombians and many other countries, are flocking here in throves, still seeking […]