The ROBO signed documents may create legal trouble for homeowners for years. Mortgage documents are being invalidated by courts in Florida, furthermore, insurers are hesitant to write policies, and judges are blocking banks from foreclosing on certain homes based on the invalid documents. Some law firms are intentionally removing or withdrawing previously filed documents. The issues with improper mortgage documents Read More

What options do I have if my house is being foreclosed? There are several options a person facing foreclosure might take.  It mostly depends on what the person wants.  For example, when I meet with clients for the first time, I usually inquire whether they are occupying the home, or whether they are renting the home.  In Miami-Dade County, if a house is a homestead, the parties will be referred to mediation to review Read More

With the way the economy is on it’s major down fall, who wouldn’t enjoy less expenses? I mean, I know I would! And I’m sure you guys have heard your neighbors say the words “Loan Modification” at least once or twice then wondered what those two words meant. Well, don’t wonder any longer! Here’s how those two words may benefit YOU! A loan modification is a change to your loan agreement with your lender. Yes! I said Read More

What are some benefits from filing a chapter 7 bankruptcy? Chapter 7 bankruptcy is one of the top forms of bankruptcy in Miami, Florida. A person may be considering bankruptcy because of harassing creditors, garnishment, repossession, foreclosure, lawsuits, illness or disability, loss of job/income, or divorce. Financial situations have changed all throughout the world and many people are unable to keep up with bills Read More

The Palm Beach Post in Florida had a very interesting article about the future loan modification plans of Ocwen Financial Corp. We quote the article as follows: Lenders have long resisted cutting loan amounts for struggling homeowners, fearing it would entice more borrowers to default. But one locally based servicer, Ocwen Financial Corp., believes it has found a solution. The company is rolling out a new loan Read More

1.     Payment Increase Your mortgage payment has increased substantially from one month to the other.  It was a shock to realize that your payments would adjust to the amount that they have reached, or, if you did realize they would, you could not reasonably foresee the catastrophic economic effects of the mortgage crisis on the economy.  Another devastating reality is that your home value has fallen so Read More

           The program called "Cash for Keys Program" is probably the best-kept secret in the banking industry. This program is probably offered by 90% of lenders but, lenders never offer you this program if you don’t ask about the program. The program is simple pay the homeowner to leave his home with the condition that they leave all fixtures in the property. It makes it easier for both parties; the bank has an Read More

In order for a bank to proceed with a foreclosure and obtain a final judgment of foreclosure, the specific bank and or servicer bringing the action, must provide evidence that it owns and holds the note and mortgage. Additionally, the bank must verify that the amounts due and owing are correct, and the amount of the final judgment is an accurate reflection of the debt owed by homeowners.   To obtain a final judgment Read More

            Renters are being seriously affected by foreclosures almost as much as homeowners these days. The downfall of the mortgage industry has resulted in millions of foreclosed homes.  Most of the occupants of these foreclosed homes are the homeowners themselves, but a great number of the occupants are renters who discover, often with no warning, that their rented house is now owned by a bank, which wants them Read More

        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 has a foreclosure sale date, bankruptcy may be an option. If your property has been foreclosed, the Read More