Reverse mortgages are offered by Federal Housing Administration (FHA) approved lenders to people who are 62 years old or older who have equity in their homes. The homeowner and the property have to meet all the requirements outlined by the lender to get approved for the reverse mortgage. Reverse mortgages…
Category: Foreclosure Defense
If you have been notified by your mortgage lender that they are going to start the foreclosure process because the home loan is in default, you are likely wondering if you can stop the foreclosure. Due to the fact that the foreclosure process is sometimes a long and stressful one,…
Foreclosures in Florida must go through a judicial process. This means that if a lender or homeowners’ association wants to foreclose on a property, they must obtain a judge’s approval first. Before an agency or organization can foreclose on a property, they must file a lawsuit in the same circuit…
When homeowners fall behind on Association monthly assessments they can end up in a position where they become Defendants in a foreclosure lawsuit filed by their Association. Associations will try to force the sale of the property to recover the amounts accrued in arrears. If successful in doing so, the…
In a foreclosure lawsuit, after a foreclosure sale of the property is held and after the proceeds from the sale of the property have been distributed as required by the Final Judgment of Foreclosure, there are leftover or extra funds. These funds are called surplus funds. The Clerk of Court…
It can be difficult enough to pick up the pieces and move on with your life after losing your home to foreclosure. Many homeowners simply do not consider, “Will I owe money after foreclosure?” Sadly, the answer may be “yes.” Because of this possibility, it is important to take any…
You have enough on your plate if you are facing foreclosure. You are behind several months on your mortgage and you may lose your home. As if all of that was not distressing enough, a foreclosure may also cost you extra money in fees, deficiency judgments, and more. These additional…
As moratoriums on foreclosures and evictions have expired, more property owners are going to face foreclosure in the coming months. Many of those property owners are landlords, and the buildings they own are rental properties. Often, the tenants inside those properties have continued paying their rent on time, and think…
As moratoriums on foreclosures and evictions have expired, more property owners are going to face foreclosure in the coming months. Many of those property owners are landlords, and the buildings they own are rental properties. Often, the tenants inside those properties have continued paying their rent on time, and think…
