Florida Homestead Exemptions provide significant tax discounts for US Citizens and residents that own property in the United States that are classified as their “homestead.” Property owners who can provide proof of residency including: Warranty Deed U.S. Passport or Residency Card FPL or Water bill showing you reside in the home Become eligible for such… Read more »
SURPLUS FUNDS COLLECTION If your home sold in foreclosure and after the sale, there are funds left over, you may be entitled to collect those funds. This is called SURPLUS FUNDS, that is, the winning bidder paid more than the amount of the judgment. Pursuant to Florida Statutes, the homeowner and borrower is entitled to… Read more »
Effective October 1, 2013, HUD announced new and favorable changes to their FHA short sale requirements for homeowners seeking to short sale their homes. This new Streamlined Short Sale, may no longer require the borrowers seeking a short sale to submit financial information or prove a financial hardship. The following properties will be eligible: Principal Residence Second homes… Read more »
FLORIDA REAL ESTATE ATTORNEYS It is no surprises that foreclosures have experienced a sharp decline in recent months, particularly in 2015, with so many borrowers either modified or property value increases now creating equity. The South Florida real estate market has no doubt improved drastically and homeowners are reaping the rewards of a steadily improving… Read more »
According to the U.S. Treasury Department, more than 1.2 million homeowners have received permanent modifications through the Home Affordable Modification Program. The average savings being about $547.00 per month on the mortgage payment. This accounts for almost 40% savings from the previous payment average. For those that have received principal reductions, there has been granted, according… Read more »
SOUTH FLORIDA DEBT SETTLEMENT LAWYERS DYCK O’NEAL LAWSUITS FOR FORECLOSURE MORTGAGE DEFICIENCY BALANCES DEBT SETTLEMENT ATTORNEYS Dyck O’Neal continues on the prowl for South Florida debtors. Not only is a privately owned debt collection company filing foreclosure and short deficiency lawsuits in Florida, but now they are actively transferring judgments from out of state foreclosures, to Florida. Dyck O’Neal, … Read more »
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 Jacqueline A. Salcines, P.A, our main goal is to protect our seller client. If a short sale is being negotiated, often… Read more »
PMI or Private Mortgage Insurance, protects lenders against certain risks when borrowers default. Charges for PMI are added to your loan payments. If is not the same as property or casualty insurance, such as a homeowners, floor or wind insurance – which protects you against damage to your property. PMI protects only the lender. Cancellation or… Read more »
The Wall Street Journal has reported that the Rising Prices of Homes has drastically shrunk the ranks of Underwater Borrowers.” Source: The Wall Street Journal February 25, 2013. To read the full article click the following link: http://blogs.wsj.com/developments/2013/02/21/rising-prices-shrink-ranks-of-underwater-borrowers In fact, according to the Article, and citing from reports by Zillow, “around 2 million homeowners moved… Read more »
