Florida Hardest Hit Fund Applications Accepted Today – For the Few Florida Home Owners Who Will Get Help

| October 1, 2013

Beginning this morning at 9:00 am, the Florida Hardest Hit program sprang back to life, accepting new applications for the federal principal reduction program that promises Florida home owners burdened with underwater mortgages a decrease of up to $50,000 in their mortgage loan balance. That’s right: under the Florida Hardest Hit plan, Florida mortgages can […]

Infographic: US Census Reports Changes 1940 to 2010 in Florida and Rest of the Nation

| May 16, 2013

What Happens When Out of State Homeowners Who Owned Florida Real Estate Face Bank Collection Efforts in Their Home State (or Country) Because of a Florida Foreclosure Judgment?: Domesticating Judgments

| April 16, 2013

For those who live outside of the State of Florida but who own or owned Florida real estate subject to foreclosure, the possibility of that foreclosure’s deficiency judgment being collected in your resident state is real. Florida Deficiency Judgments Have Five Year Statute of Limitations Deadline Deficiency judgments?  We’ve written a lot about deficiency judgments […]

Loan Modifications Are About to Get a Lot Easier: Fannie Mae and Freddie Mac Toss Out the Paperwork in New “Streamlined Mortgage Initiative” Program Debuting July 1

| April 2, 2013

Last Wednesday, the Federal Housing Finance Agency (FHFA) announced big changes for those seeking to modify their home loans: for loan modifications of mortgages connected to Fannie Mae or Freddie Mac, things are going to be much easier in a few months.  Weeks, really. What is FHFA Doing About Mortgage Loan Modifications? Both Fannie Mae […]

5 Tips for Florida Home Owners Considering For Sale By Owner Option in Selling Their Florida Home

| March 12, 2013

Across the country, according to news reports, more and more home owners are opting to try and sell their homes themselves instead of working with a realtor or real estate agent to help them get their home sold. Why?  One of the biggest reasons is cost: with real estate prices being what they are, many […]

Florida Legislature Annual Session Begins Today: Proposed Laws That Impact South Florida Home Owners In a Big Way Are on the Table

| March 5, 2013

Today, the 60-day annual session of the Florida Legislature begins, and the entire country is watching.  The next nine weeks are going to be a very important time for Floridians, especially Florida home owners. Things began with Governor Rick Scott’s State of the State address (read it here) but for Florida home owners and Florida […]

Florida Short Sales: Home Owners Selling in Short Sales Need to Be Aware of the Tax Lien Investor: Who Holds The Liens on Your Florida Property?

| February 12, 2013

Across the country, there’s lots of positive feedback about Fannie Mae’s “HomePath for Short Sales” where any Fannie Mae-owned home loan can be escalated by the realtor – and once this happens, Fannie Mae people enter the transaction to work directly with the mortgage servicer as well as the realtor to get things resolved and […]

5 Things To Consider With the Deed In Lieu of Foreclosure for Underwater Mortgages Offer by Fannie Mae and Freddie Mac That Debuts March 1, 2013

| January 31, 2013

On Tuesday, we discussed the details of the new Fannie Mae and Freddie Mac offering that becomes effective on March 1, 2013: both Fannie Mae and Freddie Mac will begin taking Deeds in Lieu of Foreclosure for mortgages guaranteed by their programs that are underwater and where the home owners are current on their mortgage […]

Underwater Mortgages in Florida Get Big News: March 1, 2013 Begins Federal Program to Allow Deeds In Lieu on Qualifying Homes Where Mortgages Exceed Home Value

| January 29, 2013

More good news from Freddie Mac (FHLMC) (and Fannie Mae (FNMA) this week:  both of these mortgage monsters are going to be implementing new policies to help people who are stuck in mortgages that are much higher than the current market value of their homes (“underwater mortgages”).  This week, it was announced that Fannie Mae and […]

Fast Florida Short Sales: Freddie Mac VP Forecasts Freddie Mac Short Sales Will Zip Through to Closing in the Future – What About the Deficiencies?

| January 24, 2013

The Federal Home Loan Mortgage Corporation (FHLMC), commonly known by its nickname Freddie Mac, is under the control of the federal government these days as the Federal Housing Finance Agency (FHFA) took over conservatorship of both Freddie Mac and Fannie Mac in September 2008.  Freddie Mac is under the oversight of this federal agency. It’s a […]