Articles Posted in Foreclosure

Before your lender can foreclose on your Florida home, it must send you a warning letter. This letter, known as a default letter or a notice of intent to accelerate, tells a borrower that the mortgage is in default. It explains how much money you must pay to bring your mortgage up to date. It…

Millions of Americans exhaled a collective sigh of relief when the Mortgage (Debt) Forgiveness Relief Act. The Act was extended for another year and applied retroactively from December 2013 through December 2014. The Mortgage Forgiveness Debt Relief Act provides a critical exemption to taxable income that banks attribute to borrowers after a successful foreclosure settlement…

Over $200 Billion in home equity lines of credit (second mortgages also known as HELOC’s) will be “celebrating” their ten-year anniversary over the next 4 years. This represents approximately 40% of all outstanding HELOC loans. These loans are problematic because most of them will require the borrowers to start paying down the principal on the…

From the moment a foreclosure action is first filed, the homeowner is entitled to a series of statutory and contractual protections. While the courts recognize the right of banks to repossess or sell property when the homeowner defaults on scheduled payments, there are strict rules for how the lender can go about it. If the…

Las Asociaciones de Propietarios (HOA, por sus siglas en inglés) de Florida tienen gran cantidad de poder legal para imponer reglas estrictas sobre los dueños de propiedades. Además, poseen la fuerza para obligar a los propietarios de viviendas a una ejecución hipotecaria cuando las cuotas no se pagan a tiempo. Nuestros abogados especializados en ejecuciones…

Desde el momento en que se presenta una acción de ejecución hipotecaria, el propietario tiene derecho a una serie de protecciones reglamentarias y contractuales. Si bien las cortes reconocen el derecho de los bancos a recuperar o vender una propiedad cuando el propietario incumple con los pagos programados, existen reglas estrictas en cuanto a la…

Si bien los prestamistas tienen la mala fama de obligar a los propietarios a despejar todo tipo de obstáculos, han adquirido la misma notoriedad por no poder ubicar los documentos originales del préstamo en las acciones de ejecución hipotecaria. En algunos casos, el prestamista que presenta la demanda nunca poseyó estos registros en primer lugar.…

While lenders are infamous for forcing homeowners to clear all sorts of hurdles, they have become equally notorious for their own failure to locate original loan documents in foreclosure actions. In some cases, the lender filing suit never possessed these records in the first place. Courts have made it clear that the burden of establishing…

Un número cada vez mayor de casos recientes de ejecuciones hipotecarias en Florida ha sido desestimado voluntariamente por los bancos, a menudo en vez de alternativas a una ejecución hipotecaria. Nuestros abogados especializados en ejecuciones hipotecarias de Miami saben que esto no necesariamente significa que el calvario ha terminado por completo. Si el Banco desestima…

Homeowner’s associations in Florida have been a great deal of legal power to impose strict rules on property owners. They also have the muscle to force homeowners into foreclosure when assessments aren’t paid on time. Our Miami foreclosure lawyers want to stress the importance of seeking experienced legal counsel when dealing with homeowner’s associations. There…