Two Florida Democrats in the House of Representatives proposed a bill recently that would provide relief to renters and homeowners in the event of a natural disaster. The protection is important, as foreclosure has many consequences for homeowners. The first repercussion that comes to mind, of course, is the fact…
Category: Foreclosure Defense
An underwater mortgage is a financial burden, but it is also an emotional one. When a home is underwater, it is easy to live in fear or denial, but it is important to explore your options. Home prices in Fort Lauderdale have soared over the recent years, and the national…
During the pandemic, millions of homeowners fell behind on their mortgage payments and the federal and state governments provided many options for relief. Now many of those programs have expired, or are set to, but many people are still facing economic hardship. Recently, the Biden Administration announced a new program…
In response to the COVID-19 crisis, the federal government passed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which provided a forbearance for struggling homeowners and other consumer protections. However, these protections via forbearance are expiring soon. Here is what you need to know about this issue…
A short sale is an option many homeowners pursue when they owe too much on their mortgage and they cannot afford to pay it off. While a short sale is a great way for homeowners in South Florida to avoid the foreclosure process, not every short sale is a success….
It is no secret that many. homeowners in South Florida are in trouble as the federal moratorium on federally-backed mortgages comes to an end. The moratorium on federally-backed mortgages was first set to expire at the end of June, but the Biden Administration extended it to July 31. Considering that…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer who can assist you in…
In the early days of the pandemic, federal and state moratoriums were placed on foreclosures in Florida, bringing much relief to homeowners in the state that had lost their job or otherwise could not make their monthly mortgage payments. The predictions at the time were that while foreclosures may have…
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…
