A short sale is the sale of any property in which the proceeds of the sale are less than what is still owed on the mortgage. Short sales occur when a lender and borrower agree that selling the property and accepting a small loss is a better solution than the…
Category: Foreclosure Defense
Before the financial crisis in 2008, many people hadn’t even heard of foreclosure, let alone understand what it meant. As more people have faced foreclosure over the past decade though, particularly in Florida, more and more people have become familiar with the term. As they do, unfortunately, more and more…
When homeowners are facing foreclosure, they often consider putting their home up for a short sale. During a short sale, the home is sold for less than what the original homeowner still owes on the mortgage. The proceeds from the sale go towards paying off the home. If you find…
Dealing with the death of a family member is one of the most difficult things a person will ever have to go through. The administration of the deceased’s estate, though, can make it even more challenging, particularly financially. It could even involve a foreclosure, or an attempt to stop foreclosure,…
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…
It’s hard enough for homeowners to go through foreclosure and lose their homes. To make matters worse, in Florida, after a borrower has lost their home and is trying to piece their life back together, they can face deficiency judgments. There are many ways lenders can obtain deficiency judgments against…
The short sale process is often intimidating for homeowners who are facing foreclosure. A short sale is the process of selling a home for less than what is currently owed on the mortgage. It’s a scary process for homeowners, not only because they are losing a home, but also because…
There are many reasons Florida has one of the highest foreclosure rates in the country. One of them is that many homeowners think that when a lender forecloses, they have no option but to simply start packing their bags. This is untrue, and just one of the most common misconceptions…
It was in mid-May when the media picked up a story about a man who faced foreclosure from the city on his home due to unpaid fines. The fines went back to 2018 when he was away from his home for several months settling his mother’s estate. The grass on…
