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foreclosure

Home/Tag: foreclosure

My landlord is in foreclosure… Do I still pay rent?

2017-01-20T00:06:01-05:00

If you just found out your landlord is in foreclosure, you probably must continue to pay your rent, or you risk a possible eviction. On the flip side of the coin, if your tenants are not paying rent because you are in foreclosure, then you should demand rent be paid, or evict them if they don't leave the home. Foreclosures are moving slowly in Orlando, Daytona Beach, Ormond Beach, and Palm Coast. They are almost [...]

My landlord is in foreclosure… Do I still pay rent?2017-01-20T00:06:01-05:00

What is a Deed In Lieu? (And why it might be bad)

2011-06-21T13:25:32-04:00

What is a deed in lieu? Or deed in lieu of foreclosure? It is the process of signing the deed over to your mortgage lender to avoid the completion of a foreclosure on the property. It is a favorite subject right now, but one with lots of misinformation under the umbrella of "what is a strategic default?" It is popular in this mortgage meltdown to search for ways to get out from an underwater mortgage. A [...]

What is a Deed In Lieu? (And why it might be bad)2011-06-21T13:25:32-04:00

New Credit Bureau Policy May Help Repair Your Credit Score

2017-01-20T00:06:01-05:00

A recent Fox 35 Orlando news story shows how Experian's new credit reporting policy can actually help improve one's credit score after losing a home to foreclosure. News that the Experian Credit Agency is the first to count rental histories when calculating one's credit score, is the first solid bit of hope she's had in awhile. The woman featured in the news piece lost her home to foreclosure, rented a similar house literally around the [...]

New Credit Bureau Policy May Help Repair Your Credit Score2017-01-20T00:06:01-05:00

Your Debt in Bankruptcy: Secured and Unsecured

2017-01-20T00:06:02-05:00

Bankruptcy generally involves two types of debt - secured and unsecured. Let's start with secured debt. Debt that is secured generally means that you pledge an asset to assure the payment of the loan. The most common examples are car loans and mortgage loans. If you don't pay your car loan, the lender will repossess the car. If you don't pay your mortgage loan, the lender will foreclose and take the property back. There are other types [...]

Your Debt in Bankruptcy: Secured and Unsecured2017-01-20T00:06:02-05:00

Motion For Relief From Stay In Florida Bankruptcy Cases

2017-01-20T00:06:04-05:00

The motion for relief from stay in bankruptcy - it even sounds scary. And it can be. When you file for bankruptcy, you are protected by the "automatic stay". This prohibits creditors from taking any action to collect debts or from taking property which may be secured by the creditor's loan. A motion for relief from stay (MFRS) is the creditor's request to the court to get permission to continue its collection of the debt. [...]

Motion For Relief From Stay In Florida Bankruptcy Cases2017-01-20T00:06:04-05:00

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? [...]

5 Ways To Handle Underwater Mortgages In Orlando2013-12-19T12:45:55-05:00

Florida Foreclosure Process And Bankruptcy

2017-01-20T00:06:04-05:00

The Florida foreclosure process has a very standard timeline that you need to understand if you're looking to keep your home. First, let's look at how filing for bankruptcy in Florida may affect the foreclosure process. If you are interested in saving your home from foreclosure, filing for bankruptcy may be a good way to do it. A Chapter 7 or Chapter 13 bankruptcy can be filed seconds before your foreclosure auction is scheduled to [...]

Florida Foreclosure Process And Bankruptcy2017-01-20T00:06:04-05:00

Chapter 13 Bankruptcy Better Than Debt Consolidation For Florida Residents?

2017-01-20T00:06:04-05:00

Is Chapter 13 Bankruptcy Better Than Debt Consolidation For Florida Residents? Florida consumers have been watching the late-night television commercials and getting suckered into debt consolidation. With wild promises to repay all of your bills at one low monthly fee, people who live near me in Orlando, Daytona beach, Ormond Beach, Palm Coast, and Port Orange have been calling asking me why I think debt consolidation is bad for Florida residents. The answer is simple, but [...]

Chapter 13 Bankruptcy Better Than Debt Consolidation For Florida Residents?2017-01-20T00:06:04-05:00


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