Anytime a mortgage is taken out on a property, the borrower pledges the property as collateral for the loan. As part of the mortgage terms, the borrower is then required to maintain property insurance including hazard, wind, and often times flood insurance, covering the property. The amount of the coverage is usually determined by the […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-11-05 14:25:282022-12-20 13:59:51Force Placed Insurance Causes many borrowers into Foreclosure
Recent, significant changes in Florida’s Foreclosure law have shortened the time period in which a lender can collect a deficiency, or balance after a mortgage foreclosure or short sale. The statute of limitations period for a lender seeking a deficiency judgment on a note secured by a mortgage on a residential property, is now one […]
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 […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-10-10 09:38:322022-12-20 13:59:50THE NEW STREAMLINED SHORT SALE – HUD ANNOUNCES NEW SHORT SALE REQUIREMENTS
On June 7,2013 HB87, also referred to as the “Speedy Foreclosure Law” went into effect. HB87 greatly reduces the bank’s requirements, in filing a foreclosure lawsuit, to prove the mortgage agreement. More importantly, it shortens the timeline for having a foreclosure complaint or action to reach the end of the case and be put up […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-10-10 09:11:232022-12-20 13:59:49HB87 AND HOW IT WILL IMPACT SHORT SALES
If you have fallen behind on your mortgage payments and can no longer afford your mortgage, the best thing to do is open up the lines of communication with your lender to see what options exist. If you lender will not work with you, then contact us and we can get your file escalated in […]
On June 17, 2013, Governor Rick Scott signed into law House Bill 87, known as Chapter 2013-137, which changes the procedure for the filing and processing of foreclosures by lenders in Florida. In the advent of so much foreclosure fraud committed by Plaintiff banks, and bank’s attorneys, the bill favors the homeowners and requires additional […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-09-30 12:43:362022-12-20 13:59:49SIGNIFICANT CHANGES IN FLORIDA’S FORECLOSURE LAW
Language in almost every single Mortgage requires that your lender send an “Acceleration Letter” or “Notice of Intent to Accelerate” or more commonly known as the “Default Letter” with very specific language before they can foreclose or initiate foreclosure against you in court for non-payment or default of a mortgage. Standard Fannie Mae and Freddie Mac […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-09-30 12:29:222022-12-20 13:59:48DID YOU RECEIVE THE PROPER NOTICE OF ACCELARATION (FORECLOSURE) LETTER?
At my firm, we have processed over 250 short sales to date and the numbers keep growing. With so many borrowers upside down on their mortgage, second mortgages, SBA loans and a myriad of liens and judgments on the property, faced with a foreclosure sale, they think their options are limited and throw in the […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-09-25 12:14:372022-12-20 13:59:46STOP A FORECLOSURE SALE AND SHORT SALE YOUR PROPERTY
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 […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-09-25 12:07:132022-12-20 13:59:35CHANGES IN FHA MORTGAGE RELIEF SHOULD ALLOW MORE BORROWERS TO SAVE THEIR HOMES
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 […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12013-09-16 10:51:162022-12-20 13:59:19WHAT HAPPENS WHEN YOUR LOAN CHANGES SERVICER IN THE MIDDLE OF A SHORT SALE OR LOAN MODIFICATION
Force Placed Insurance Causes many borrowers into Foreclosure
Force Placed Insurance, Foreclosure, Insurance, Loan ModificationsAnytime a mortgage is taken out on a property, the borrower pledges the property as collateral for the loan. As part of the mortgage terms, the borrower is then required to maintain property insurance including hazard, wind, and often times flood insurance, covering the property. The amount of the coverage is usually determined by the […]
DEFICIENCY JUDGMENT LIMITATION PERIOD
Deficiency Judgment, Foreclosure, Short SalesRecent, significant changes in Florida’s Foreclosure law have shortened the time period in which a lender can collect a deficiency, or balance after a mortgage foreclosure or short sale. The statute of limitations period for a lender seeking a deficiency judgment on a note secured by a mortgage on a residential property, is now one […]
THE NEW STREAMLINED SHORT SALE – HUD ANNOUNCES NEW SHORT SALE REQUIREMENTS
Foreclosure, HAFA, Mortgage Relief, Short Sales, Streamlined Short Sale, UncategorizedEffective 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 […]
HB87 AND HOW IT WILL IMPACT SHORT SALES
UncategorizedOn June 7,2013 HB87, also referred to as the “Speedy Foreclosure Law” went into effect. HB87 greatly reduces the bank’s requirements, in filing a foreclosure lawsuit, to prove the mortgage agreement. More importantly, it shortens the timeline for having a foreclosure complaint or action to reach the end of the case and be put up […]
LOSS MITIGATION DEPARTMENT PHONE NUMBERS
UncategorizedIf you have fallen behind on your mortgage payments and can no longer afford your mortgage, the best thing to do is open up the lines of communication with your lender to see what options exist. If you lender will not work with you, then contact us and we can get your file escalated in […]
SIGNIFICANT CHANGES IN FLORIDA’S FORECLOSURE LAW
UncategorizedOn June 17, 2013, Governor Rick Scott signed into law House Bill 87, known as Chapter 2013-137, which changes the procedure for the filing and processing of foreclosures by lenders in Florida. In the advent of so much foreclosure fraud committed by Plaintiff banks, and bank’s attorneys, the bill favors the homeowners and requires additional […]
DID YOU RECEIVE THE PROPER NOTICE OF ACCELARATION (FORECLOSURE) LETTER?
Foreclosure, Loan ModificationsLanguage in almost every single Mortgage requires that your lender send an “Acceleration Letter” or “Notice of Intent to Accelerate” or more commonly known as the “Default Letter” with very specific language before they can foreclose or initiate foreclosure against you in court for non-payment or default of a mortgage. Standard Fannie Mae and Freddie Mac […]
STOP A FORECLOSURE SALE AND SHORT SALE YOUR PROPERTY
UncategorizedAt my firm, we have processed over 250 short sales to date and the numbers keep growing. With so many borrowers upside down on their mortgage, second mortgages, SBA loans and a myriad of liens and judgments on the property, faced with a foreclosure sale, they think their options are limited and throw in the […]
CHANGES IN FHA MORTGAGE RELIEF SHOULD ALLOW MORE BORROWERS TO SAVE THEIR HOMES
FHA, Foreclosure, Loan Modifications, Mortgage ReliefRecent 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 […]
WHAT HAPPENS WHEN YOUR LOAN CHANGES SERVICER IN THE MIDDLE OF A SHORT SALE OR LOAN MODIFICATION
UncategorizedMany 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 […]