Many buyers and sellers are on pins and needles… not knowing whether to take the plunge and buy a property or place their homes on the market and...
Many buyers and sellers are on pins and needles… not knowing whether to take the plunge and buy a property or place their homes on the market and...
MIAMI DADE LOAN MODIFICATION AND FORECLOSURE ATTORNEYS While the Making Homes Affordable Program may have expired (the last date for submission was December 30, 2016 and has not been extended by the...
In a recent Third District Court of Appeal case, the higher court rules that a Miami-Dade couple was entitled to a $99,500.00 surplus that was left over after the foreclosure...
Beginning January 2014, new CFPB (Consumer Financial Protection Bureau) rules to protect homeowners and consumers shopping for home mortgages went into effect. The rules sharply reduce the runarounds...
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...
The Responsible Homeowner Refinancing Act of 2013 was reintroduced this week for approval by Congress. This bill, if passed, will benefit responsible homeowners who have stayed afloat and maintained their...
Shocking news hit the internet last week about Bank of America and its deliberate denial of Loan Modifications to hundreds of thousands of borrowers. In a pending class...
SOUTH FLORIDA DEBT SETTLEMENT ATTORNEYS PROTECTING YOUR INTERESTS WITH DYCK O’NEAL Unlike many states, in Florida if you are sued for a deficiency balance (the difference between what your...
As the third round of foreclosure review checks went out Friday, my office is inundated with calls as to what these checks represent, and more importantly, will depositing...
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...
My firm has been working on a loan modification for a client for three months now. The borrower was not your typical borrower. He had larger than typical...
It is estimated that 40 percent of loan modifications fail and the borrowers default the first time around. It is no surprise, as many are locked into a...
CoreLogic reports that in the 4th Quarter of 2012, over 200,000 properties came up from being “underwater” and a total of 1.7 Million homes in all of 2012. ...
My firm was recently successful in getting a rather large, second mortgage on a property wiped out completely. No penalty. No amounts owed the lender. No deficiency. And the lender...
Si Usted a tenida problemas de trabajo, de salud, de matrimonio o cualquier otra dificultad que ha hecho perjudicar los pagos hipotecarios, y esta buscando una manera para...
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. ...
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...
It appears that all these penalties to lenders for failing to modify borrowers’ loans is finally doing homeowners some good. The Streamlined Modification program is really taking off and really...
Recall the days back in 2005, 2006 and 2007 when financing was given away, no questions asked? Verification of Employment and Verification of Income unheard of. And banks...
Jacqueline A. Salcines
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