mortgage

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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

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

Chapter 13 Bankruptcy and Your Car Payment

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

Florida Chapter 13 cases often come with questions about cars. Our clients frequently own or are financing an automobile, and are worried about losing their car when they file a Chapter 13 case. The good news is that when you file for Chapter 13 bankruptcy in Florida, there may be a way to get relief from car loans with high payments, high interest, or loan amounts that are greater than the value of the car. If [...]

Chapter 13 Bankruptcy and Your Car Payment2017-01-20T00:06:01-05:00

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 Chapter 13 Bankruptcy Mortgage Modification Program

2013-12-19T12:43:41-05:00

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. [...]

Florida Chapter 13 Bankruptcy Mortgage Modification Program2013-12-19T12:43:41-05:00