A house littered with outdoor debris and boarded-up windows stands vacant in Eau Gallie, and it has for over ten years. The bank foreclosed on it in 2007 but has had a previous owner since that time. That owner died in 2020 and now, a number of circumstances have held…
Author: Loan Lawyers
Student loan debt in the United States is over $1.71 trillion, with more than 44.7 million Americans carrying this type of debt. The number of people taking on student loan debt is growing higher every day. According to the Bureau of Labor Statistics, the number of people taking out student…
Bankruptcy is a much more complex process than simply filing and having your debts discharged or restructured. You will have to first complete many steps and one of those is obtaining a bankruptcy certificate or rather, two certificates. Bankruptcy certificates are documents that show you completed a credit counseling and…
When people fall into financial difficulty, sometimes, working with a debt settlement company seems like a good idea. These companies negotiate with your creditors on your behalf and come to an agreement about the amount of debt you will repay. A settlement is typically less than the original amount of…
Loan modification can be a tricky business. Many struggling homeowners believe that their loan servicer does not want to take their house, so a loan modification is a sure thing. Unfortunately, that is not the case. For starts, loan servicers exist to make a profit, not to help homeowners. Pursuant…
Many people are so concerned with dealing with their credit card debt while they are alive, that they do not even think about what will happen to it if they pass away. Unfortunately, debts do not always die with a person, and for those that have not made the necessary…
Mortgage servicer Ocwen recently settled $11 million in relief to settle foreclosure misconduct claims, and over $2 million of that settlement went to homeowners in Florida. While the win was a big one for people that had unfairly lost their homes in the past, it is a reminder that mortgage…
People undergo so many financial transactions in their lives that it’s impossible to keep track of them all. Debt collectors do not only know this, but they count on it. They use it to try and collect on debts that someone never owed. These are known as phantom debts, and…
Many homeowners in South Florida are finding themselves in foreclosure for falling delinquent on homeowner’s association and condominium association dues. Typically the association will have an attorney sending a letter to the homeowner that the association intends to foreclose. If you have received a letter from any of the attorneys…
