As if Florida hasn’t had more than its fair share of foreclosure troubles over the last few years, a new scam is popping up causing more trouble for homeowners. Some homeowners who have attempted to resolve their debts through deed in lieu of foreclosure transactions are finding that their debt cancellation letters are falsified or  … Read more

It is common knowledge that a foreclosure can be damaging to one’s future in lending. While a foreclosure itself isn’t going to keep you out of the realm of borrowing in the future, it can be a more challenging experience. Knowing what to expect at your next mortgage application after a foreclosure can help you  … Read more

As one of the hardest hit states by the deluge of foreclosures, Florida’s  legal system is expected to be tied up for the next several years processing properties and resolving lawsuits over fraud. One legal expert is describing the devastation left behind as “Florida’s Category 5 foreclosure hurricane”. Far Reaching Effects Families are forced out  … Read more

In today’s economy making a living as a farmer is tough enough, but dealing with mortgage debts on the farm land can be quite tricky. Farmer must not only make profits to make their living, but their entire income potential is the base for their home and workplace. Owning a farm means working and living  … Read more

The foreclosure crisis has hit the nation hard, but each city has suffered quite differently. From plagues of foreclosures in already rundown neighborhoods to million dollar foreclosures on high end streets, the flood of bank owned properties have caused trouble everywhere they lurk. One city is fighting to rebuild their community in the wake of  … Read more

A new bill in Florida is bringing both supporters and critics as it attempts to speed up local economic recovery by also speeding up the foreclosure process. If the bill is approved homeowners currently at risk of foreclosure could face 30 day notices to vacate, a big change from way things were handled in the  … Read more

Despite recent reports of the number of foreclosures slowing around the country, the fact remains that there are hundreds of thousands still in the process waiting to be completed. Several states are still wading through thousands of unfinished foreclosures after being delayed by the investigations of unlawful foreclosure practices. Unfinished Business While the $26 billion  … Read more

The foreclosure crisis has brought with it areas of devastated home values and vacant properties that no one wants, even for rental properties. As part of the foreclosure cleanup  efforts the Federal Housing Finance Agency (FHFA) is inviting private investors to purchase groups of foreclosures in some of the nation’s hardest hit areas. Sold To  … Read more

As more homeowners fight to save their homes and find a way out of the foreclosure process, many new “options” are popping up around the country claiming to bring big benefits to those in need. One of these solutions is being called a strategic walk-away, meaning the homeowner voluntary walks away from their home in  … Read more

After months of tough negotiations in court, several big banks were ordered to pay restitution for their role in performing unlawful foreclosures. JP Morgan Chase and Citigroup will pay close to $25 billion as part of a nationwide settlement agreement, just a few of the lender to be involved in the payout. In or Out?  … Read more