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10 Things to Know About Mortgage Debt Collectors and Florida Short Sales, Florida Foreclosures, and Florida Home Loan Modifications

In Florida, countless home owners are facing the lose of their home to foreclosure because they can’t continue to make their mortgage payments due to lost jobs, medical expenses, and other life events.  Other home owners have mortgages that are much, much larger...

Florida Mortgage Holders: Has Anyone Explained to You About the Collection Efforts That You’ll Face When You Stop Making Your Home Mortgage Payments? Unfair Collection Activities in Florida Mortgage Defaults and Deficiencies

A nice article appeared in Reuters this week entitled, “What Happens When You Walk Away From Your Home?” that includes a brief discussion of things we post about here regularly:  underwater mortgages in Florida and elsewhere and the various issues that go...

Five Things To Know About The Income Tax Break For Short Sales, Foreclosures, and Loan Modifications That Ends December 2012

As discussed in our earlier post, a major tax break will end on December 31, 2012, that helps Florida home owners facing foreclosures, negotiating loan modifications, or working on a short sale of their home.  For several years, a federal law has exempted the amount...

Florida Home Owners Need to Short Sale Now Because Income Tax Benefit Goes Away End of 2012: The Mortgage Debt Relief Act of 2007 Expires This Year

Florida home owners concerned about foreclosure and pondering a short sale should get busy and get that short sale process started.  Why?  There is a countdown to the expiration date of a federal law that will impact them badly if they wait until after the end of 2012...

How the Federal Servicing Alignment Initiative Helps Florida Home Owners Wanting to Short Sale

The Federal Housing Finance Agency (FHFA) implemented the federal Servicing Alignment Initiative last year and, in 2012, this new federal incentive plan should boost the number of short sales here in Florida, which is great news for home owners wanting to avoid a...

Florida Real Estate Closings Are Important: Checking Paperwork Details May Have Saved Florida Homeowners From Foreclosure Filing by Bank of America Eight Years Later

Last Update: 02/24/16 At most real estate closings, there’s lots of paperwork.  Page after page of single-spaced language that has to be reviewed, and then  affirmed by the signor that they read and understood all that language in all those pages. Which is what ...