Understanding Foreclosure in Florida

Frequently Asked Questions About Foreclosure in Florida

fight13 fight13 | 2 years 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... The post Frequently Asked Questions About Foreclosure in Florida appeared first on Loan Lawyers.

Commission Rebates frequently asked questions

Realiff Academy Realiff Academy | 1 year ago

How to Rebate a Buyer's Commission? Is that allowed?It is not against the law to give a commission rebate to a purchaser. This is not a referral fee of any kind. On the other hand, we strongly suggest that you qualify the promise of reimbursement in three different ways. The proper format is:#1 As disclosed in the Closing Disclosure #2 Paid using escrow #3 Not rejected by the lender Does the purchase agreement need to include a statement about the rebate? Usually not. Nevertheless, the lend...

fight13 fight13 | 1 year 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 mont...

Foreclosure Moratorium: What Was It And Why Does It Matter?

mattweidnerlaw mattweidnerlaw | 2 years ago

A moratorium is a temporary delay in the enforcement of a law or judicial decision. The action taken on June 27, 2009, by the United States Congress has been called...

Real Estate Cash Back At Closing Related Frequently Asked Questions

Realiff Academy Realiff Academy | 1 year ago

Here, the most fundamental Cash Back questions answered:Question No.1: What is cash back at closing?Answer: After a buyer agrees to pay more for a property than its true market value, he or she can borrow more money than the residence is worth and obtain the excess revenues in cash, credit, or something else of value when the deal is done (closed).A widespread misconception is that as long as the lender's appraiser accepted the sale price, everything is fine. The truth, however, is that the val...

Is Foreclosure About to Hit Your Home? Get a Foreclosure Defense Lawyer to Protect Your Property –...

fight13 fight13 | 2 years ago

If you have missed several mortgage payments, you may have started thinking about the possibility that your lender will foreclose on your home. Too many homeowners make the mistake of thinking the situation is hopeless. Instead of talking to a Fort Lauderdale foreclosure defense lawyer, they start preparing to move.... The post Is Foreclosure About to Hit Your Home? Get a Foreclosure Defense Lawyer to Protect Your Property appeared first on Loan Lawyers.

Foreclosure Defense Foreclosure Defense | 1 year ago

New York Real Property Actions and Proceedings Law Section 1304 requires lenders and servicing companies who want to bring a legal action regarding a mortgage on a residential home in the State of New York must provide 90 days written notice to the borrower regarding the home loan foreclosure before starting legal action. The notice needs to be mailed to the homeowner by regular mayor and certified mail. 90 Day Notice To Homeowners Required Homeowners challenge the compliance with a statute on a...

What Are Zombie Foreclosures? All You Need to Know– Loan Lawyers

fight13 fight13 | 1 year 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. Be...

What is Cash for Keys in a Foreclosure? – Loan Lawyers

fight13 fight13 | 1 year 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 ...

Foreclosure Defense Foreclosure Defense | 2 years ago

Mr. Yapkowitz and his wife both defaulted on making mortgage loan payments. At that time the servicing company handling the loan payments sent them a 30 day notice of default. This took place on January 22, 2009. In February 2010, the were notified the loan servicing was transferred went to NationStar Mortgage LLC. The mortgage […]

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Frequently Asked Questions About Foreclosure in Florida

Frequently Asked Questions About Foreclosure in Florida