The Household Pulse Survey, which has been conducted by the U.S. Census Bureau, shows that seven percent of households in Florida are behind on their mortgage and rent payments. The Census Bureau has been taking the survey at various times during the pandemic since it first broke out nine months…
Category: Foreclosure Defense
Since the beginning of the pandemic, the news headlines have placed a focus on the increase of foreclosure actions throughout Florida and the rest of the country. While the stories have largely focused on residential foreclosures, commercial properties have also fallen into mortgage delinquencies at an increasing rate. Unlike residential…
Going through the foreclosure process is something that everyone hopes they’ll never have to face. The prospect of losing your home can significantly disrupt your life and dramatically impact your future and the future of those who depend on you. In the face of such hardship, it can be tempting…
Zombie closures are up around the country, and that includes in the Sarasota-Manatee region and the rest of southern Florida. Zombie foreclosures occur when homeowners suspect the bank will foreclose on their home, or they have already received a foreclosure notice. Fearing the worst, homeowners sometimes simply pack up their…
If you’re having problems paying your mortgage, help is within your reach. Take heart knowing you’re not the only one scrambling to meet debt payments on the home you own – especially during the COVID-19 era. The percentage of homeowners at least one payment delinquent jumped 4 percentage points in…
The COVID-19 pandemic seems a bit too familiar for Floridians. At a time when people are losing their jobs, either permanently or temporarily, more and more people are finding that it is becoming nearly impossible to pay their mortgages every month. Experts in the field say that in Florida specifically,…
The moratorium Governor DeSantis issued on evictions and foreclosures in April has now expired. Unfortunately, Floridians are still being hit hard by the pandemic, and many have yet to return to work, which means it is still very difficult for them to pay their rent or their mortgage. While this…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer that can assist you in…
Commercial cash management loans are loans that generally have extremely onerous terms for the commercial borrower. Often even if you make the payments on these loans, you can find a commercial loan in default. For example, if your cash flow is not compliant with the terms of the mortgage, the…
