If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Florida requires the banks to notify you that you have the option of going through mediation before the foreclosure trial is set. The issue with this is that there is no clarification as to how the banks must notify you. Therefore, the only way you find out you have this option is by a single letter sent to you after the suit has been filed. The banks don’t even send it, the mediation company does. …
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The Obama admistration has done home owners and everyone else a great disservice by making great announcements about how they were going to help distressed homeowners. HAFA and HAMP were both set up with the pronounced aim of getting loan modifications. Every distressed homeowner thought that they were going to get a big break on their mortgage. Thousands turned out last week for the NACA marathon event at palm Beach Concention Center last week to get a break.
What is the reality? Are you ready for a quick …
According to the “Sun Sentinel”, house prices in Hollywood have dropped as much as 60% since June 2005.
The zip codes 33020 and 33023 were the worst hit areas in Hollywood, with prices dropping between 50 and 60 %. Zip codes 33019 and 33021 saw price drops of between 40 and 50 %. This was pretty much on a par with the rest of Broward County, with the biggest price drops over 60% in four zip codes, while the smallest drops were out west and were less than 10%.
What about …
Florida is one of the states that have been hardest hit by the mortgage meltdown which is why Florida foreclosure mediation is a necessity. With the large housing boom that tanked with the recession, there are currently thousands of people in the state of Florida that are in danger of foreclosure and are looking for ways that they can keep their homes. Oftentimes there are solutions to mortgage problems, but people simply wait too late to seek the help that they need to save their homes. With foreclosure mediation, individuals …
There are many people all across the country that are trying to save their homes every day, but Florida foreclosure help is needed desperately. Although there are a numerous people in the United States that are clinging to their homes, the state of Florida has been deeply impacted by the mortgage crisis. In fact, the combination of the mortgage crisis with the steady high unemployment rates is making the mortgage situation in Florida quite bleak. People that need assistance with keeping their homes have options available to them. Before people …
Going to mediation is such an overwhelming process. It almost feels like going to a criminal trial without being represented. Everything is recorded and the bank is represented by a seasoned lawyer. Although the system was treated with good intentions, mediation is not in your best interest. For starters the mediator is not allowed to give you any legal advice if they could. They are armed with only basic foreclosure knowledge. With only this knowledge how is a mediator suppose to stand up next to the foreclosure department of a …