Foreclosure

Are you struggling with foreclosure? Foreclosure, a word that makes many people panic, is at rise these days in Florida. It is a situation which arises when a borrower becomes unable to pay back the mortgaged amount. The fear of losing your home is overwhelming - it is a person's most valuable asset connected to deepest feelings and precious memories. It is almost impossible to think about anything else when you are faced with such an irreparable loss. And yet, you must not wait and lose hope. Time is essential and you need legal help. Although everybody should try to educate themselves and stay informed about foreclosure laws and practices, there are many benefits of working with a Florida Foreclosure Defense Attorney. Your attorney will…

Just a few years ago this great nation took a devastating hit to its economy that crippled many homeowners. These citizens had everything ripped out from underneath them and were forced to foreclose. Why were so many thousands of people forced to resort to this you ask? When the economy bottomed out, they lost everything and could no longer even afford to support their families or live in their homes. Today, many thousands of those victims of foreclosures have since turned into potential…

Foreclosure of a house is a horrifying reality that can happen to some families and homeowners. I personally have experience with home foreclosure. To begin, a home foreclosure occurs when a homeowner is unable to make mortgage payments on their house. In this case, the bank will take ownership of the house in question, and it will eventually get sold. There are three steps to a home foreclosure, and a house cannot be sold until all three steps are completed. The first step is called…

During the Foreclosure Crisis several years ago, my community was hit hard. I never thought I would see homes in my neighborhood being foreclosed. It was unbelievable. I was in middle school and high school when this was going on and heard my parents discussing this many times. I look back and think there were things that could have been done to prevent this from being a nation-wide disaster. I believe that there are things that can be done to minimize the effect of a foreclosure crisis…

5 Foreclosure Myths – Debunked Defaulting on your home is always a scary situation. Not only do you have to worry about moving and having a new place to live, but you have to worry about your credit score and ability to buy a home in the future. Unfortunately, myths regarding foreclosure tend to make this stress and anxiety even worse. Luckily, here are 5 foreclosure myths we have debunked. Myth 1: It's a Fast Process One of the biggest myths regarding foreclosure is that it is something that…

The horrid foreclosure crisis that many homebuyers experienced several years ago changed the course of the housing market as we know it. A lot of working families had to make adjustments by downsizing, and leaving their homes behind in order to provide and maintain secure shelter. Even though there was a shortage in the home purchasing market during that time, the rental market took on a new surplus. The rental market had both positive and negative aspects. The good thing about the rental…

In 2008 a real estate and mortgage collapse occurred in the United States forcing many homeowners nationwide to face the sudden threat of foreclosure. Overall the nation experienced an economic decline that was hugely affected by this collapse. People were suddenly unable to manage the repayment terms on their homes and they were forced to foreclose or sell their homes for significantly less than what they had been worth at the time of purchase. This devastating occurrence could be blamed on a…

In 2007 the financial market plummeted along with the housing market. This event overwhelmed the economy and the real estate market as a whole. Millions faced foreclosure and short sales; thousands lost their homes. Many had to relocate while others faced homelessness. There was a domino effect; vacant homes created increased crime and as a result buyer confidence declined for those who were financially able to buy. Homeowners were underwater; their mortgages were greater than what their homes…

Foreclosure is a process by which a lender forcibly tries to sell the property of a lendee for non-payment of the loan attached to said property. In 2007 the mortgage market suffered significant foreclosure crisis. Several homeowners were finding themselves unable to make monthly payments to lending agencies, which subsequently led to mass foreclosures. According to Tatom (2009) the mortgage loan foreclosure has been the biggest economic crisis since the Great Depression. The housing market has…

The means by which a litigant may challenge a foreclosure become increasingly limited after a sale has occurred. Indeed, “[a]fter [a foreclosure] sale, the borrower is ordinarily limited to raising procedural irregularities in the conduct of the sale.” Thomas v. Nadel, 427 Md. 441, 442-43 (2012) (holding that a trial court may sustain “exceptions to the foreclosure sale on the ground that the deed of trust securing the consolidation loan was invalid.”). Procedural irregularities that may be…