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5 Ways To Handle Underwater Mortgages In Orlando

2013-12-19T12:45:55-05:00

CNBC issued a report in May 2010 on the U.S. Cities With The Most Underwater Mortgages. Not surprisingly, Florida appeared on the list more than once. Orlando ranked #2 in the nation for the highest percentage of underwater mortgages – about 75%. Only 1 in 4 households with mortgages in Orlando have at least $1.00 in equity, and that might be disappearing fast. So what can you do if you fall into the “wrong” percentage? [...]

Florida Chapter 13 Bankruptcy Mortgage Modification Program

Lewis Roberts, Florida Bankruptcy Lawyer2013-12-19T12:43:41-05:00

Chapter 13 bankruptcy filers in Florida have yet another way to press for mortgage modification. If you filed for Chapter 13 bankruptcy in Florida you may qualify if you: want to keep your home; cannot afford current mortgage payments; and can afford to pay 31% of net income to a modified mortgage. This new Mortgage Modification Mediation program gives you and your mortgage lender an opportunity to discuss whether modifying your mortgage loan is feasible. [...]