Tag Archives: North Miami Foreclosure Defense Attorney
Missed Mortgage Payments And Reinstatement
There are several ways in which a homeowner can seek to keep his home before a foreclosure sale is complete. While some of these methods, such as reinstatement, are legally required to be offered to homeowners in some states, Florida law does not mandate a mortgage servicer to allow reinstatement of mortgages as a… Read More »
Assignment Of Rents And Commercial Mortgages
Commercial mortgages can be subject to foreclosure when the borrower defaults on the mortgage, similar to residential properties. However, with commercial mortgages, the mortgage lender may include conditions in the loan agreement that may later be utilized to recoup the balance owed in the event of a default. One such condition is an assignment… Read More »
Foreclosure Defense And Appraisal Fraud
When prospective home owners are applying for mortgage loans to cover some or the entire purchase price, they are often only allowed to borrow up to the value of the home to be purchased or lower. Because of this, homes that are to be purchased through mortgage loans are appraised for value before the… Read More »
Surplus Funds After A Foreclosure Sale
Most people who find themselves in foreclosure do not anticipate having any money left over after their home is sold. Some may even expect that the bank will pursue the difference between the sale price and the amount they owe on the mortgage at the time of the sale, which is otherwise known as… Read More »
Foreclosure Following Bankruptcy
Filing for bankruptcy can be a way for a struggling homeowner to get a fresh start. Most of a filer’s debts are eliminated or at least made manageable following the close of a bankruptcy case. However, in some cases, the person filing for bankruptcy can choose to hold on to some of the obligations,… Read More »
Renting Out A Property In Foreclosure
Renting out a home or a second property can be a profitable endeavor despite the risks associated with being a landlord. Property owners who make the decision to rent out their homes may do so when things are going well for them financially, or even when they are in the midst of financial troubles… Read More »
Taking Advantage Of Foreclosure Avoidance Measures For Veterans
A VA loan is a loan that is backed by the U.S. Department of Veterans Affairs that guarantees veterans and eligible military spouses an opportunity to buy a house for no down payment without having to pay mortgage insurance. As with other mortgages, there is always a risk that a borrower taking a VA… Read More »
Owing The Bank After A Foreclosure
Having a home taken away in a foreclosure can a stressful and devastating event for most homeowners. However, the stress of going through a foreclosure can be compounded when the homeowner discovers that the bank intends to go after him for a “deficiency judgment.” This means that after the bank has sold the home… Read More »
