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Category Archives: Foreclosure in Florida

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How to Stop a Foreclosure on your Home

By Kelley Kaplan & Eller |

The “Big F” – foreclosure. Anyone who has ever taken out a loan or missed some of the payments on a loan knows the fear and anxiety that can come with the possibility of a foreclosure. Unfortunately, the state of Florida led with a foreclosure rate of 11 percent at the end of 2012…. Read More »

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Foreclosure in the State of Florida

By Kelley Kaplan & Eller |

The housing market took a sharp decline during the recent recession beginning in 2007 and 2008. Many foreclosures spiraled from this occurrence and only now have we begun to see the economy’s repair. In fact, at the end of 2012, the foreclosure rate held steady at 11 percent in the state of Florida. Now… Read More »

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How to Stay Safe From Mortgage Relief Scams

By Kelley Kaplan & Eller |

Staying safe from mortgage relief scams means understanding when lawsuits against your servicer or lender are legitimate and when they are not. Examples of mortgage relief scams include mass joinder lawsuits, forensic loan audits and rent-to-buy schemes. The MARS Rule indicates conditions that mortgage lenders must follow, so if they break any of these… Read More »

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New Florida Mortgage Foreclosure Deficiency Law to Go Into Effect

By Kelley Kaplan & Eller |

Luckily though, the new law now means that you only have to wait a year to learn your fate, which can be a huge relief and will surely help many from being forced into bankruptcy years after their home was foreclosed upon. This new law actually went into effect last year on July 1st,… Read More »

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Chapter 13 Bankruptcy and Foreclosure

By Kelley Kaplan & Eller |

One of the more worrying trends in Florida is the still incredibly high number of homes being foreclosed upon, with the state far and away the leader in foreclosure activity. In fact, as recently as February, Florida had the unfortunate distinction to be home to nine of the top ten U.S. major metro areas… Read More »

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Late Payment on Mortgages in Florida

By Kelley Kaplan & Eller |

TransUnion reports that “the percentage of mortgage holders at least two months behind on their payments fell by 21%” compared to 2012. In addition, the mortgage delinquency rates are down from 5.78% to 4.56% in the first quarter of this year compared to last. However, this doesn’t mean we are completely out of the… Read More »

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Loss Mitigation Mediation (LMM) Makes Mortgage Modification Simpler

By Kelley Kaplan & Eller |

Under HAMP, the borrower’s mortgage is adjusted to 31 percent of the borrower’s pretax monthly income. This is achieved by first lowering the mortgage interest rate to a rate as low as 2 percent. If the rate adjustment alone does not reduce the mortgage payment to 31 percent of the borrower’s pretax monthly income,… Read More »

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