Can a Loan Modification Stop Foreclosure?
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
2d ago
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss, and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer that can assist you in your home state. Thank you. Homeowners who can no longer afford their mortgage payments have options for stopping foreclosure and keeping their homes. Depending on the circumstances, a homeowner may consider applying for a loan modification with their lender to avoid or stop a mortgage foreclosure. But how exactly does a loan modi ..read more
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HOA Foreclosure vs. Bank Foreclosure
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
3w ago
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer that can assist you in your home state. Thank you. The word “foreclosure” understandably triggers fear and anxiety in most homeowners. As a homeowner, you should understand how one initiated by a homeowner association (HOA) differs from traditional bank foreclosure. The team at Loan Lawyers wants to provide homeowners facing foreclosure with practical an ..read more
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Legal Rights Before a Foreclosure
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
3w ago
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer that can assist you in your home state. Thank you. If you are facing foreclosure in Florida, you might be feeling overwhelmed and wondering what to do next. The Florida foreclosure attorneys at Loan Lawyers can help you understand your options and establish a strong legal strategy to defend your mortgage rights and home. To learn more about your homeowne ..read more
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Claiming Surplus Funds After a Florida Foreclosure
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
3M ago
Going through a foreclosure is devastating. Throughout the process, you have had a lot to think about. Afterwards, you likely just want to put it all behind you and start moving forward. However, there may be surplus funds you are not aware of. After a home has gone through the foreclosure process, there are often funds remaining and sometimes, these are taken by the lender as profit. While surplus funds are essentially profits from the sale, they should not be taken by anyone other than the homeowner who was vacated from the premises. Unfortunately, many homeowners do not even know that these ..read more
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What’s the Difference Between a Forbearance Agreement, Repayment Plan, and Loan Modification?
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
5M ago
When you’re having problems making your monthly mortgage payments, you might have a few options to negotiate with the lender to get current on your mortgage or make your payments more affordable. It’s important to understand the differences between a mortgage loan modification, forbearance agreement, and repayment plan, so you can choose the best option for your financial and personal situation. What’s the Difference Between a Forbearance Agreement, Repayment Plan, and Loan Modification? While forbearance agreements and repayment plans spread a couple of payments over a longer period, loan mod ..read more
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Can Lenders Foreclose When Payments Are Current?
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
5M ago
Florida is often one of the hardest-hit areas in the country for foreclosures and that held true this year, too. During the first three months of 2022, Florida was the eighth-highest state in the country for foreclosures. In total, one out of every 1,211 housing units was foreclosed on in Florida. That is a total of 8,147 units foreclosed on, for a total of 0.08 percent. Many people understand that when homeowners do not make their mortgage payments, their lender may foreclose on their home. However, many do not understand that a foreclosure can happen even when the mortgage is current and has ..read more
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What Is Cash for Keys in Florida Foreclosures?
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
6M ago
A bank foreclosing on a homeowner behind on their mortgage payments may face a long, expensive legal process to get the homeowner out of the property. To avoid the time and cost of pursuing eviction proceedings, many lenders have been turning to ”cash for keys” agreements. What Is a Cash for Keys Agreement in a Foreclosure? In a cash for keys agreement, the bank or new owner of the property pays the current occupant to vacate the property peacefully and on time. A cash for keys agreement may be used in a Florida foreclosure proceeding where the bank has already obtained a forecl ..read more
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Why You Should Avoid a Zombie Foreclosure
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
6M ago
ATTOM recently released their “Vacant Property and Zombie Foreclosure Report for Q2,” which showed that 1.3 million residential properties throughout the country are vacant. To put that in perspective, that represents 1.3 percent of all homes in the United States, with one in 76 homes sitting empty. If you are facing foreclosure, it is important that you speak to a Fort Lauderdale foreclosure lawyer before packing up and leaving your home. You likely have many more options than you think. Below, our seasoned attorney explains why you should avoid a zombie foreclosure. What are Zombie Foreclosu ..read more
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Alternatives to Foreclosure in Florida
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
7M ago
Throughout the country, foreclosure activity has increased by 11 percent since the beginning of 2022. California was the state with the most amount of foreclosures, but Florida had the second-highest amount of foreclosure starts. While California has seen 1,868 foreclosure starts, in Florida there have been 1,527. According to a representative from the ATTOM company, the agency that conducted the research, these kinds of numbers are what Floridians can expect in the future. For the next six months, there is likely going to be triple digit increases year-over-year and double digit growth month ..read more
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Frequently Asked Questions About Foreclosure in Florida
Loan Lawyers » Foreclosure Defense
by Loan Lawyers, LLC
8M ago
The foreclosure process in Florida is a long and arduous one. Most people that go through foreclosure have never experienced the process before and so, it is confusing as well. If you have received a notice of default, or you are just behind on your mortgage payments, you likely have many questions. Below, our Fort Lauderdale foreclosure defense lawyers answer the ones most frequently asked. What Should I Do After Receiving a Notice of Default? Under Florida law, lenders are required to send you a notice of default before they begin the foreclosure process. The notice should state that you are ..read more
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