Short Sale in Avoidance of Foreclosure

Written by: Nicole M. Garcia, Esq. When facing a Foreclosure action knowing what options are available is essential. If the Homeowner wishes to keep the property some of the loss mitigation options possibly available are loan modification, forbearance agreement, and repayment plan. Once those options have been exhausted there are other options, which allow the borrower to voluntarily turn over the property in order to avoid facing the ...
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Refinancing in a time of need

During times of uncertainty, the question on most people’s mind is how to save money.  If you are a property owner refinancing your mortgage can help you meet your savings goals. Refinancing involves changing your existing mortgage for a new one with more favorable terms.  Mortgage refinance is a strategy to help homeowners meet their financial goals. When you refinance your new lender pays off the existing mortgage and replaces it with a new ...
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Deed-in-Lieu of Foreclosure

Written by: Nicole M. Garcia, Esq. When facing a Foreclosure action knowing what options are available is essential. If the Homeowner wishes to keep the property some of the loss mitigation options possibly available are loan modification, forbearance agreement, and repayment plan. Once those options have been exhausted there are other options, which allow the borrower to voluntarily turn over the property in order to avoid facing the ...
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Will COVID -19 Impact your Bankruptcy Case?

Will COVID -19 Impact your Bankruptcy Case? COVID-19  has been affecting various aspects of daily life including the federal, state, and local governments.  Although the courts have been slowly adjusting their rules and procedures in light of this pandemic – there are still some uncertainties in current and future debtors as to how they can move forward with their filings. The following are a few guidelines to follow during this time: The ...
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What is a Loan Modification?

Written by: Nicole M. Garcia, Esq. At some point or another in our lives we are faced with adversities and struggles. If you find yourself struggling to make your monthly mortgage payments or have fallen behind, you are possibly at risk of losing your home or will be facing a Foreclosure lawsuit. It is important you know that all is not lost and there is hope in the form of options that are available to you. One of the loss mitigation options ...
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What to Expect at a Foreclosure Trial

If you are underwater on your mortgage, you may be facing foreclosure. Foreclosures can happen either judicially (in court) or non-judicially (out-of-court). Non-judicial foreclosures are typical of loans that are secured by a trust while judicial foreclosures are common in loans that are secured by a mortgage. If your loan was secured by a mortgage, you will probably have to go through a foreclosure trial. In this article, we are going to ...
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A Brief Overview of the Foreclosure Discovery Process

Discovery is a crucial weapon against the banks, when they are looking to acquire your home through foreclosure. It entails requesting information that is relevant to the lawsuit from the other party, including any evidence they have that suggests they are entitled to your home. Here is a brief overview of the foreclosure discovery process. Types of Discovery 1. Interrogatories – these are general questions you ask the bank. For example, ...
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Know Your Rights in the Foreclosure Process

Falling behind on your mortgage payments is a scary experience, and if it gets to the point where you are either in foreclosure, or at risk of it, it is important to know all of your rights. There are many laws and regulations in place designed to help ensure consumers are treated fairly and given the opportunities needed to get back on track financially. The following are some of your most important rights that you need to be aware of. You ...
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Understanding Florida’s Foreclosure Rescue Fraud Prevention Act (FFRFPA)

Given the high number of foreclosures that take place in Florida, it is really no surprise that there are many people who try to take advantage of the situation. One of the ways that this can happen is through fraudulent foreclosure rescue programs or services. When someone is in foreclosure, or at risk of foreclosure, they are typically going to be under a lot of stress, and are afraid that they will lose their home. Criminals can prey on ...
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Finding Another Way: 4 Alternatives to Foreclosure

Getting behind on your mortgage is sometimes easier than you might think due to unemployment or unforeseen expenses that pop up. If you’re worried that you might lose your home to foreclosure, remember there are many options available to help you get caught up. If getting current on your mortgage is beyond reach, one of several solutions might work for you. Let’s explore 4 alternatives to foreclosure and some of the potential side effects they ...
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