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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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, […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-11-12 09:17:082022-12-20 13:59:37MORE HOMEOWNERS RECEIVED PRINCIPAL REDUCTIONS IN 2013 UNDER HAMP
The South Florida housing market, as well as that across the country, has witnessed double digit price increases over the span of a year, from 2012 to 2013. In fact, industry leaders and professional claim that we are in or entering another bubble in South Florida, due to the lack of inventory. It is a […]
Consumer Financial Protection Bureau 12 C.F.R. 1024.41 prevents a Foreclosure Sale when a Loan Modification is pending
UncategorizedThe 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 […]
WE SPECIALIZE IN SHORT SALE NEGOTIATION
UncategorizedRealtors, 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 […]
DISCOVERY ALTERNATIVES TO AVOID FORECLOSURE
UncategorizedYou 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 […]
FORECLOSURE LAW IN FLORIDA – WHAT TO EXPECT IF THE BANK DISMISSES ITS CASE
UncategorizedIf 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 […]
Investor Protection when purchasing real estate in the United States
UncategorizedUnited 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 and how the Association Can Foreclose
UncategorizedHOA 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 […]
How to remove your name from title and transfer property through Quit Claim
UncategorizedThe 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, […]
OVER 6 MILLION BORROWERS REMAIN UNDERWATER DESPITE LOAN MODIFICATIONS
HAMP, Loan Modifications, Mortgage Relief, Real EstateYesterday 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 […]
MORE HOMEOWNERS RECEIVED PRINCIPAL REDUCTIONS IN 2013 UNDER HAMP
HAFA, HAMP, Loan ModificationsAccording 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, […]
HOUSING PRICES REACH DOUBLE DIGIT APPRECIATION
Miami Real Estate DealsThe South Florida housing market, as well as that across the country, has witnessed double digit price increases over the span of a year, from 2012 to 2013. In fact, industry leaders and professional claim that we are in or entering another bubble in South Florida, due to the lack of inventory. It is a […]