If you have fallen behind on your mortgage payments with Select Portfolio Servicing, Inc., the company may have already threatened you with foreclosure. While this is very stressful, it is important that you do not panic. You may have many legal options and they could potentially even save your home. Before taking any action, it is critical that you speak to our Fort Lauderdale foreclosure defense lawyer. Our Florida foreclosure defense lawyer can review the facts of your case, advise on the possible defenses available, and help you through the process to make sure your rights are upheld. Who ..read more

Servis One, Inc. is a company that does business as BSI Financial Services. The company has its headquarters in Irving, Texas, but they do business throughout the country, including right here in Florida. BSI Financial Services is a mortgage servicing company and not the original owner of mortgage loans. This fact in itself can serve as a foreclosure defense. As a mortgage servicer, the company receives monthly mortgage payments and pursues foreclosure cases when homeowners fall behind on their payments. Options Provided by BSI Financial Services If you have experienced a hardship that has mad ..read more

Shellpoint Mortgage Servicing is one of the five largest non-bank mortgage servicers in the country. The company has headquarters in Greenville, South Carolina but they have three other locations throughout the country. The company also services mortgages throughout the United States foreclosing on homeowners, including those right here in Florida. Many times, Shellpoint wrongfully forecloses on mortgage loans. If you have received notice that Shellpoint Mortgage Servicing is going to start foreclosure proceedings, it is important to remain calm. There are defenses available in these cases. Be ..read more

Specialized Loan Servicing, LLC is a mortgage servicer that administers home loans mainly for Bank of America and CountryWide. After a homeowner is approximately two months delinquent in making their mortgage payments, the original lender will hire Specialized Loan Servicing to collect the overdue payments and if necessary, foreclose on the home. The big banks do this because they often do not want their names associated with foreclosure. Instead, they hire mortgage servicers to do this, and may even sell the original loan to the servicer so they can proceed. This way, the servicer may garner ..read more

ATTOM is a nationally recognized research and data aggregator that tracks commercial foreclosures across the country. The latest economic indicators are that the number of commercial foreclosures across the country has increased 117 percent from March of 2023, according to ATTOM’s most recently published data. In addition, the Mortgage Bankers Association recently released data showing that while 97% of all property loans were current or less than 30 days late, there was a decided uptick in those that were behind at least 90 days or more from 2.3 percent in 2023 to 2.5 percent in 2024 during t ..read more

ATTOM is a leading curator of land, property, and real estate data. It releases updated monthly reports on U.S. Commercial Foreclosures. Their newest report, released in March 2024, reveals a continued increase in commercial foreclosures. The lowest figures were posted during the height of the pandemic in May 2020 with 141 commercial foreclosures posted that month. Today, the figure stands at 625 in March 2024. The data indicates that there has been a steady increase since the pandemic and that figure is increasing every month. Historical Data on Commercial Foreclosures in the U.S. ATTOM has b ..read more

In 2011, the Florida House and Senate considered arguments encouraging them to pass some form of nonjudicial foreclosures. Currently, there are numerous states across the country that allow lenders to directly foreclosure on a property. Florida is not currently among those states. The only method of foreclosure available to Florida lenders is judicial foreclosure. A judicial foreclosure requires the lender to file a lawsuit against the borrower. Ultimately, a judge has the final say on whether or not the foreclosure is allowed to proceed. What Is the Difference between a Judicial and Non-judic ..read more

ATTOM is a nationally recognized research and data aggregator that tracks commercial foreclosures across the country. The latest economic indicators are that the number of commercial foreclosures across the country has increased 117 percent from March of 2023, according to ATTOM’s most recently published data. In addition, the Mortgage Bankers Association recently released data showing that while 97% of all property loans were current or less than 30 days late, there was a decided uptick in those that were behind at least 90 days or more from 2.3 percent in 2023 to 2.5 percent in 2024 during t ..read more

PHH Mortgage Corporation is a mortgage servicing company. This means that they manage mortgages for banks and other financial institutions. It also means that if you have fallen behind on your payments, PHH may or may not have the right to foreclose on your home. Losing your home is always a very frightening prospect, but even if PHH is threatening you with foreclosure, it does not necessarily mean it will happen. PHH Mortgage Corporation may be violating federal or state law, or there may be other defenses available in your case. Below, our Fort Lauderdale foreclosure defense lawyer explains ..read more

Purchasing a new home is an exciting time for many Florida residents. It is even more exciting when you are in a position to purchase a newly constructed home with no prior occupants. There is, however, a potential tax trap lurking in that newly built home. Put simply, the tax bill you thought you would owe at closing is far below what you end up paying once you get the keys and move into your new construction home. Improved vs. Unimproved Land We often hear this complaint from homeowners who have recently purchased homes from large builders like D.R. Horton, Inc. The Texas-based Horton is a F ..read more