Coronavirus and COVID-19 have become household terms and many people talk about this virus several times a day. Another term people are talking a lot about today is forbearance. It is an unfortunate fact that COVID-19 has caused many people to lose their jobs, whether temporarily or permanently, and that…
Category: Foreclosure Defense
Although it is a process no one wants to go through, unfortunately, foreclosures happen all too often in Florida. The process is a stressful one for homeowners. Not only are they experiencing a lot of emotions at the thought of losing their home, but the process is also complex. While…
It was in late March that the federal government froze foreclosures on FHA loans but, unfortunately, some lenders in Florida have chosen to ignore the order. In response to this, Governor Ron DeSantis signed an order that halted all foreclosures and residential evictions for reasons of non-payment for the next…
Even though the federal and state governments have placed a freeze on certain foreclosures, with Governor DeSantis halting the Florida foreclosure laws and proceedings, some Florida homeowners are still in trouble. According to a new study, many Floridians will likely face foreclosure in the months after the coronavirus crisis has…
There has been a lot of confusion surrounding foreclosures and evictions in the wake of the coronavirus crisis. Donald Trump announced earlier in March that he was placing a freeze on foreclosures, while certain cities around Florida, such as Jacksonville, have taken the same kind of measures. Now, the Florida…
It may have taken longer for the coronavirus to reach the United States than other countries but, now that it has, it is hitting the entire country extremely hard. Continue reading
Most people are aware of how traditional mortgages work. A borrower takes out a home loan to purchase a house and that loan is payable within a certain amount of time. That amount of time is typically between 15 to 30 years, but payments are made on a monthly basis….
Zombie foreclosures occur when a lender has started foreclosure proceedings, yet the borrower leaves the home before the foreclosure process has been finalized and a judge has issued an order for them to leave the property. Soon after the housing crisis in 2008, the number of zombie foreclosures skyrocketed all…
It is true that in most cases, lenders do not want to foreclose on a home. The process for them is lengthy, and they typically do not receive the full value of the loan. Unfortunately, sometimes lenders really do want to foreclose on a home. This could be because the…
