http://raygarcialaw.com/blog Florida real estate and commercial law Sun, 08 Aug 2010 04:46:03 +0000 http://backend.userland.com/rss092 en         If you are a South Florida homeowner, and are in foreclosure, you may have trouble meeting other financial obligations besides just your mortgage. Your first step would be to consult a Miami Dade Foreclosure attorney. If however, a final judgment has already been entered and your Miami-Dade County property ... http://raygarcialaw.com/blog/?p=96 While the United States of America is close to three (3) years into the loan modification process, many homeowners still do not understand the basic guidelines to actually qualify for this government backed program. They are as follows:   Qualification guidelines for HAMP   ·                     The house to be mortgaged should be the primary ... http://raygarcialaw.com/blog/?p=94 A new program called The Home Affordable Unemployment Program has been announced by the Treasury Department, and took effect on July 1, 2010.  This new program provides servicers the flexibility to provide assistance to borrowers whose hardship is related to unemployment.  According to this new program, when a borrower is ... http://raygarcialaw.com/blog/?p=90 In order to foreclose on a property, a bank must first obtain a Final Judgment of Foreclosure. There is a specific procedural process that must be followed before a court may enter a Final Judgment of Mortgage Foreclosure. Many banks, specifically in South Florida, have been circumventing these procedural safe ... http://raygarcialaw.com/blog/?p=88 It is imperative at the beginning stages of applying for a Loan Modification that you submit a complete Loan Modification package to the bank.  Every bank has different guidelines, but generally request the same type of financial documentation to begin the Loan Modification process.  If you are applying for the ... http://raygarcialaw.com/blog/?p=86            In my years of loan modification experience in the State of Florida, I’ve noticed several improvements in the loan modification process. The improvement that recently stands out to me the most comes courtesy of Bank of America. Bank of American has recently begun to implement a much more efficient ... http://raygarcialaw.com/blog/?p=84 In order to make Floridians more knowledgeable about the loan modification process, the Law Office of Ray Garcia, P.A. has published a series of tips that may help you in modifying your loan. These tips are not legal advice just actions to consider when attempting to do a loan modification. Tip #1: ... http://raygarcialaw.com/blog/?p=81 The current economic crisis has hit Florida as hard as any state in the country. The bankruptcy filings in Florida have reached staggering numbers. If you are considering bankruptcy you are not alone and you should not participate in the process alone.  Bankruptcy laws and procedures are quite complicated. If you ... http://raygarcialaw.com/blog/?p=77          This month Bank of America unveiled a new approach to the HAMP modification program. The new "Earned Principal Forgiveness" Program will forgive up to 30 percent of some customers' total mortgage balances. The homeowners must have missed at least two months of mortgage payments and owe at least 20 ... http://raygarcialaw.com/blog/?p=69 If you are falling behind on your mortgage payments and foreclosure of your Miami-Dade County, Florida homestead property is imminent; or if your homestead property is already in foreclosure, your lender may be required to participate in a mediation  before proceeding in Miami Dade County courts.              In May of 2009, the 11th Judicial ... http://raygarcialaw.com/blog/?p=61