Homeowners in Tampa who are in foreclosure or struggling to make payments may qualify for help after the $25 billion government settlement last week. Although banks have three years to meet their obligations, below answers give Tampa borrowers an overview what to expect from the process. Which mortgage companies does the “landmark settlement” cover? The […]
Let’s assume you are a Tampa resident and in foreclosure proceedings. Should you do nothing and hope for the best?
What is the role of an attorney? What is the role of the bank in a foreclosure process in Tampa, Florida?
Late payments may have an impact on the Foreclosure Process. Is being late on your payments a good or bad thing?
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What happens if you stop paying on your mortgage? Chris Sommer of Hope for Homeowners Consulting and Michael Owen of Christmas & Spano answer this question and many more in this video:
Chris Sommer of Hope for Homeowners and John Baker of Discount Management, Inc. talk and answer questions about Florida HOA’s and property management:
Foreclosure help in Tampa may get much harder for homeowners as state leaders consider a nonjudicial process to clear out defaults. The push is on in Tallahassee, Fl to remove courts from the foreclosure process. According to an article of Janet Zink at the St. Pete Times, supporters of the concept say it will speed […]
Did you know that there a way to avoid deficiency judgments? Yes. If you can stop foreclosure, you can avoid the judgment. In case you’re having difficulty in making mortgage payments and a foreclosure is imminent, you can look for various loss mitigation options like loan modification, deed in lieu (DIL), etc. A loan modification […]
Let’s take a closer look at what deficiency judgments are now. So when you default on a loan and the lender repossesses your property, the value of the property may not pay off the loan. For example, you might owe $100,000 on your home, but it only sells for $80,000. You’re $20,000 short. Because the […]
